Residential Disclosure Guide FREQUENTLY ASKED QUESTIONS
Where Can I Get Copies Of The 5 ½ X 8 ½ Booklets?
At the Real Estate Divsion. You may also download and print
the disclosure guide from our website here.
Do I Have To Obtain The Signatures Of Both The Buyer And The
Seller On The Acknowledgement Page?
NO. You are only
required to obtain the signature of the party for whom you are acting as an
agent and each unrepresented party to the real estate transaction, if any.
Shouldn’t There Be A Spot On The Acknowledgement Page For
The Property Address?
The address is unnecessary. The disclosure booklet is an
informational document…it is not designated for a specific transaction. If your client purchases more than one
property or if the initial deal falls through, you may copy the acknowledgment
page with your client’s signature and include it in the transaction file of any
Is The Booklet Required For Commercial Sales?
NO. The Residential
Disclosure Guide is only required for residential sales.
The Disclosure Booklet States That The Licensee Must
“Disclose To Each Party In The Transaction, All Duties Owed To The Parties And
The Licensee’s Relationship As An Agent To Each Party…” Does This Mean That I Have To Get The
Signature Of Both Parties On The Duties Owed Form Even If I Am Not Representing
NO. Although the
licensee has the duty to disclose certain information to each party in a real
estate transaction (i.e., material and relevant facts, compensation received
from parties and/or interest in a transaction), the licensee is only
responsible for providing the “Duties Owed By a Nevada Real Estate Licensee”
form to the party for whom the licensee is acting as an agent in the real
estate transaction and each unrepresented party to the real estate transaction,
Is The Booklet Required For New Home Sales?