[WATCH VIDEO] "Commercial Real Estate Brokerage Agreements: Seller’s Response to Broker’s Commission Claim" by Las Vegas Real Estate Attorneys

author by Mitchell Reed Sussman on Feb. 29, 2024

Real Estate Real Estate Other Business  Contract 

Summary: The Nevada legislature passed Senate Bill 452 in 1999 to address the problem of brokers being shortchanged on commissions in commercial real estate sales transactions at the close of escrow.

The Nevada legislature passed Senate Bill 452 in 1999 to address the problem of brokers being shortchanged on commissions in commercial real estate sales transactions at the close of escrow.


The additional statutes, added to Chapter 645 of the Nevada Revised Statutes, give brokers a claim for commission before the close of escrow, but also provide options for sellers on how they may respond to an asserted claim.

 

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