Nevada § 148.105 - Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission
Full text of Nevada Nevada Revised Statutes § 148.105 — Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission, with citation guidance and answers to common questions.
§ 148.105. Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission
1. The personal representative may enter into a written contract with any bona fide
agent, broker, or multiple group of agents or brokers to secure a purchaser for any
personal property of the estate, and by that contract, the personal representative
may grant an exclusive right to sell and shall provide for the payment to the agent,
broker, or multiple group of agents or brokers, out of the proceeds of a sale to any
purchaser secured pursuant to the contract, of a commission, the amount of which must
be fixed and allowed by the court upon confirmation of the sale. If the sale is confirmed to the purchaser, the contract is binding and valid as
against the estate for the amount so allowed by the court. 2. By the execution of any such contract, no personal liability is incurred by the
personal representative, and no liability of any kind is incurred by the estate unless
a sale is made and confirmed by the court. 3. Except as otherwise provided in subsection 4, the commission must not exceed 25
percent of the proceeds from the sale of any personal property pursuant to this section
unless, before the sale of the personal property, the court approves a commission
that exceeds 25 percent of the proceeds from the sale. 4. If a manufactured home or motor vehicle is sold pursuant to the provisions of this
section, the commission for the sale of the manufactured home or motor vehicle must
not exceed 10 percent of the proceeds from the sale. 5. As used in this section: (a) “ Commission ” means all fees collected by an agent, broker or group of agents or brokers to secure
a purchaser for any personal property of an estate pursuant to this section, including
all fees for costs related to the sale of any personal property pursuant to this section. (b) “ Manufactured home ” has the meaning ascribed to it in NRS 118B.015 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 148.105
What does Nevada Revised Statutes § 148.105 cover?
Section 148.105 ("Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 148.105?
A common citation format is "Nevada Revised Statutes § 148.105" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 148.105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.