Agency
What is a 'procuring cause' in Nevada real estate and why does it matter?
AThe physical cause of a property defect
BThe agent whose efforts were the proximate cause of the buyer's decision to purchase, establishing which agent earned the commission✓ Correct
CThe cause cited in an NRED complaint
DThe legal reason for canceling an agency agreement
Explanation
Procuring cause is the unbroken chain of events initiated by an agent that results in the consummated transaction. The procuring cause agent earns the commission. Disputes about procuring cause are common in Nevada transactions where multiple agents work with the same buyer.
Related Nevada Agency Questions
- What is the principle of 'apparent authority' in Nevada agency law?
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- In Nevada, which document is used to establish a written agency relationship between a buyer and a licensee?
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