Contracts
When a buyer in Nevada fails to close due to an unjustified breach of contract, the seller's remedies may include:
AOnly the return of the earnest money
BRetain the earnest money as liquidated damages, or sue for specific performance✓ Correct
CAutomatic termination of the seller's listing agreement
DFiling a complaint with NRED for license revocation
Explanation
Upon buyer default in Nevada, the seller may retain the earnest money as liquidated damages (if the contract provides for this) or pursue specific performance or actual damages through the courts.
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