DEPARTMENT OF BUSINESS AND INDUSTRY
REAL ESTATE DIVISION
[email protected].gov https://red.nv.gov
MULTIPLE OFFERS GUIDELINES FOR LICENSEES
INFORMATIONAL BULLETIN #001
When Taking the Listing
• Explain to the client that competing offers may be received.
• Discuss with the client options for handling multiple offers.
• The client decides how they want to handle multiple offers.
• Advise the client that they may wish to seek legal counsel if they do receive
multiple offers.
Sellers Make the Decisions – Examples of Options
• Accept one offer in writing, and reject all other offers in writing.
• Reject all offers in writing and encourage higher offers.
• Counter one offer, reject other offers in writing.
• Delay the decision waiting for another offer informing all parties. Educate the
seller that with this option the buyers may withdraw their offer.
• Alert one or more buyers that they are in a competing offer situation and need
to submit their best offer. Reject other offers.
• Alert all buyers that they are in a competing offer situation.
• Counter all offers in writing.
Agent Communication
• Agents should make reasonable efforts to keep cooperating licensees informed
of the decision of the client’s instructions.
Presenting Offers
• The representative of the cooperating broker has the right to be present when
the offer is presented unless the seller gives written instruction to the contrary.
Confidentiality
• The cooperating licensee does not have the right to be present at any
subsequent discussion or evaluation of the offer by the seller and the listing
broker.
NRS 645.253: Each licensee shall not disclose, except to the real estate broker, confidential
information relating to a client in violation of NRS 645.254.
NRS 645.254, paragraph 2: A licensee who has entered into a brokerage agreement to
represent a client in a real estate transaction … Shall not disclose confidential information
relating to a client for 1 year after the revocation or termination of the brokerage agreement,
unless he is required to do so pursuant to an order of a court of competent jurisdiction or he is
given written permission to do so by the client.
Revised: 3/24/04
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