NAC645.535. Exclusive agency agreements; placement of signs.

Latest version.

     1. A licensee cooperating with a broker who holds an exclusive listing or other exclusive agency agreement shall not invite the cooperation of another licensee without the consent of the listing broker or the agent.

     2. Signs giving notice of property for sale, rent, lease, or exchange must not be placed on any property by more than one licensee unless authorized by the owner in writing.

     3. A person must obtain the consent of the broker who holds an exclusive listing or other exclusive agency agreement before negotiating a lease or sale with the owner of that property or the principal.

     4. A broker who holds an exclusive listing or other exclusive agency agreement shall cooperate with other brokers whenever it is in the interest of his or her client and may share commissions on a previously agreed basis.

[Real Estate Adv. Comm’n, § VII Code of Ethics Part II subsecs. 7 & 10-12, eff. 10-31-75]—(NAC A by Real Estate Comm’n, 12-27-91; A by Real Estate Div., 3-1-96)

                    
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