Exclusive Buyer Representation Agreement — Nevada Edition Template

Since the 2024 NAR settlement took effect, a written buyer representation agreement is no longer optional for most agents — MLS participants must have a written agreement with a buyer before touring a home, and that agreement must state the compensation the buyer's broker will receive, in an amount that is objectively ascertainable and not open-ended. This template is built for that new reality.

The Exclusive Buyer Representation Agreement establishes the brokerage as the buyer's exclusive agent for a defined term and geographic area, sets out the broker's fiduciary duties (loyalty, confidentiality, disclosure, obedience to lawful instruction, reasonable care, and accounting), and — most importantly — fixes the broker's compensation in writing: a flat fee, a percentage, or an hourly structure, with clear language on how seller-paid or listing-broker-paid amounts offset the buyer's obligation. It includes a protection period for properties introduced during the term, a retainer provision, dual agency/designated agency consent language, and clean termination mechanics.

This 5-page template includes the compensation disclosure language required under the settlement framework, plus a 50-state variation notes section covering states where buyer agency agreements have statutory content requirements (several states mandate specific disclosures, type-size requirements, or prohibit certain term lengths). Buyer agency itself is a creature of state agency and license law, so the notes flag where state forms or specific statutory language are mandatory. As with all templates in this library, it is a drafting starting point to review with your broker or attorney — not a guaranteed state-compliant form.

About this Nevada Edition: Every template was redrafted around Nevada's real estate license law (NRS chapter 645), including the licensee duties owed to all parties and to clients (NRS 645.252 and 645.254), the written-consent rule for a licensee acting for more than one party (NRS 645.253), the compensation-through-the-broker rule (NRS 645.280), and the requirements that exclusive listing and buyer agreements be in writing with a definite termination date and no automatic renewal (NRS 645.320). Disclosure documents track the Seller's Real Property Disclosure regime (NRS 113.100–113.150), the common-interest community resale package and cancellation right (NRS 116.4109), and the facts Nevada deems not material (NRS 40.770), while contract forms rely on Nevada's statute of frauds for land contracts (NRS 111.210) and its Uniform Electronic Transactions Act (NRS chapter 719). The independent-contractor and team agreements reference Nevada's independent-contractor presumption (NRS 608.0155) and I.R.C. § 3508, and the commission forms note the commercial broker's lien provisions of NRS chapter 645 (NRS 645.8701 et seq.). These are supplemental drafting templates, not Nevada Real Estate Division forms, and must be reviewed by Nevada counsel.