Nevada License Law
What is the Nevada regulation on 'for sale by owner' (FSBO) transactions and real estate licensees?
ANevada licensees are prohibited from assisting FSBO sellers
BNevada licensees may assist FSBO sellers with paperwork and transactions, but must disclose their licensed status; if they are acting as agents, a formal agency agreement and compensation arrangement must be in place✓ Correct
CFSBO transactions are illegal in Nevada
DNevada licensees can represent FSBO sellers without any disclosure
Explanation
FSBO (For Sale By Owner) is legal in Nevada — property owners may sell without an agent. Nevada licensees may assist FSBO sellers (with forms preparation, transaction coordination) but must disclose their licensed status and cannot receive compensation without a proper written agency agreement.
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