RED Waiver Form– When Do You Use It
In 2007, the Nevada Real Estate Division created two forms for a seller to sign that waives the duty of a listing agent to present offers in the case of a limited service brokerage. In a limited service brokerage, a seller is represented by a licensee, but has elected to handle some aspects of the transaction himself. This may include the negotiation of the sale of the property without the assistance of the listing agent. Of the duties listed in the Duties Owed Form, the duty to present offers is the only duty that can waived. If you would like to learn more click here.