DUTIES OWED BY A NEVADA REAL ESTATE LICENSEE This …

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DUTIES OWED BY A NEVADA REAL ESTATE LICENSEE This form does not constitute a contract for services nor an agreement to pay compensation.

In Nevada, a real estate licensee is required to provide a form setting forth the duties owed by the licensee to: a) Each party for whom the licensee is acting as an agent in the real estate transaction, and b) Each unrepresented party to the real estate transaction, if any.

Licensee: The licensee in the real estate transaction is

whose license number is

. The licensee is acting for [client's name(s)]

who is/are the Seller/Landlord; Buyer/Tenant.

Broker: The broker is

, whose company is

.

Are there additional licensees involved in this transaction? Yes No If yes, Supplemental form 525A is

required.

Licensee's Duties Owed to All Parties: A Nevada real estate licensee shall:

1. Not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest. 2. Exercise reasonable skill and care with respect to all parties to the real estate transaction. 3. Disclose to each party to the real estate transaction as soon as practicable:

a. Any material and relevant facts, data or information which licensee knows, or with reasonable care and diligence the licensee should know, about the property.

b. Each source from which licensee will receive compensation. 4. Abide by all other duties, responsibilities and obligations required of the licensee in law or regulations.

Licensee's Duties Owed to the Client: A Nevada real estate licensee shall:

1. Exercise reasonable skill and care to carry out the terms of the brokerage agreement and the licensee's duties in the brokerage agreement;

2. Not disclose, except to the licensee's broker, confidential information relating to a client for 1 year after the revocation or termination of the brokerage agreement, unless licensee is required to do so by court order or the client gives written permission;

3. Seek a sale, purchase, option, rental or lease of real property at the price and terms stated in the brokerage agreement or at a price acceptable to the client;

4. Present all offers made to, or by the client as soon as practicable, unless the client chooses to waive the duty of the licensee to present all offers and signs a waiver of the duty on a form prescribed by the Division;

5. Disclose to the client material facts of which the licensee has knowledge concerning the real estate transaction; 6. Advise the client to obtain advice from an expert relating to matters which are beyond the expertise of the licensee; and 7. Account to the client for all money and property the licensee receives in which the client may have an interest.

Duties Owed By a broker who assigns different licensees affiliated with the brokerage to separate parties. Each licensee shall not disclose, except to the real estate broker, confidential information relating to client.

Licensee Acting for Both Parties:

The Licensee

MAY [_________________/_________________]

OR

MAY NOT [_________________/_________________]

in the future act for two or more parties who have interests adverse to each other. In acting for these parties, the licensee has a conflict of

interest. Before a licensee may act for two or more parties, the licensee must give you a "Consent to Act" form to sign.

I/We acknowledge receipt of a copy of this list of licensee duties, and have read and understand this disclosure.

Seller/Landlord: ______________________________________ Date: _______________________ Time: ___________________

Seller/Landlord: ______________________________________ Date: _______________________ Time: ___________________

OR

Buyer/Tenant: _______________________________________ Date: _______________________ Time: ____________________

Buyer/Tenant: _______________________________________ Date: _______________________ Time: ____________________

Approved Nevada Real Estate Division Replaces all previous versions

525 Revised 11/7/16

This form presented by Denise Klein | Urban Nest Realty | 702-525-8929 | info@

SUPPLEMENTAL LIST OF LICENSEES PARTY TO THE DUTIES OWED BY A NEVADA REAL ESTATE LICENSEE This form does not constitute a contract for services nor an agreement to pay compensation.

Licensee: ______________________________, is acting for ______________________________ Broker: ______________________________________

Additional licensees on this transaction, listed below, are subject to NRS 645.252, NRS 645.254, and the Duties Owed By A Nevada Real Estate Licensee:

NAME

LICENSE NUMBER

__________________________________

____________________________

__________________________________

____________________________

__________________________________

____________________________

__________________________________

____________________________

__________________________________

_____________________________

__________________________________

_____________________________

__________________________________

______________________________

___________________________________

______________________________

__________________________________

______________________________

___________________________________

______________________________

__________________________________

____________________________

__________________________________

____________________________

__________________________________

____________________________

I/We acknowledge receipt of a copy of this Supplemental List of Licensees.

Seller/Landlord: ______________________________________ Date: _______________________ Time: ___________________ Seller/Landlord: ______________________________________ Date: _______________________ Time: ___________________ OR Buyer/Tenant: _______________________________________ Date: _______________________ Time: ___________________ Buyer/Tenant: _______________________________________ Date: _______________________ Time: ___________________

Approved Nevada Real Estate Division Replaces all previous versions

This form presented by Denise Klein | Urban Nest Realty | 702-5258929 | info@

525A Revised 11/7/16

CONSENT TO ACT

This form does not constitute a contract for services nor an agreement to pay compensation.

DESCRIPTION OF TRANSACTION: The real estate transaction is the sale and purchase; or lease; of Property Address:

.

In Nevada, a real estate licensee may act for more than one party in a real estate transaction however, before the licensee does so, he or she must obtain the written consent of each party. This form is that consent. Before you consent to having a licensee represent both yourself and the other party, you should read this form and understand it.

Licensee: The licensee in this real estate transaction is

("Licensee") whose

license number is

and who is affiliated with

("Brokerage").

Seller/Landlord Buyer/Tenant

Print Name Print Name

CONFLICT OF INTEREST: A licensee in a real estate transaction may legally act for two or more parties who have interests adverse to each other. In acting for these parties, the licensee has a conflict of interest.

DISCLOSURE OF CONFIDENTIAL INFORMATION: Licensee will not disclose any confidential information for 1 year after the revocation or termination of any brokerage agreement entered into with a party to this transaction, unless Licensee is required to do so by a court of competent jurisdiction or is given written permission to do so by that party. Confidential information includes, but is not limited to, the client's motivation to purchase, trade or sell, which if disclosed, could harm one party's bargaining position or benefit the other.

DUTIES OF LICENSEE: Licensee shall provide you with a "Duties Owed by a Nevada Real Estate Licensee" disclosure form which lists the duties a licensee owes to all parties of a real estate transaction, and those owed to the licensee's client. When representing both parties, the licensee owes the same duties to both seller and buyer. Licensee shall disclose to both Seller and Buyer all known defects in the property, any matter that must be disclosed by law, and any information the licensee believes may be material or might affect Seller's/Landlord's or Buyer's/Tenant's decisions with respect to this transaction.

NO REQUIREMENT TO CONSENT: You are not required to consent to this licensee acting on your behalf. You may Reject this consent and obtain your own agent, Represent yourself, Request that the licensee's broker assign you your own licensee.

CONFIRMATION OF DISCLOSURE AND INFORMATION CONSENT

BY MY SIGNATURE BELOW, I UNDERSTAND AND CONSENT: I am giving my consent to have the above identified licensee act for both the other party and me. By signing below, I acknowledge that I understand the ramifications of this consent, and that I acknowledge that I am giving this consent without coercion.

I/We acknowledge receipt of a copy of this list of licensee duties, and have read and understand this disclosure.

Seller/Landlord

Date

Time

Buyer/Tenant

Date

Time

Seller/Landlord

Date

Time

Buyer/Tenant

Date

Time

Approved Nevada Real Estate Division Replaces all previous editions

Page 1 of 1

524 Revised 05/01/05

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CONTINGENT UPON SALE ADDENDUM

In reference to the Purchase Agreement executed by ______________________________________________ as Buyer(s)

and ___________________________________________ as Seller(s), dated ____________ covering the real property at

___________________________________________, the Buyer hereby proposes that the Purchase Agreement be amended

as follows:

a.

The Purchase Agreement is contingent on the close of escrow of Buyer's property, which address

is__________________________________________________________________________________________________.

b.

If Buyer's property does not close escrow by the scheduled close of escrow of the Seller's property, then either party

may cancel the Agreement in writing.

c.

Status of Property (select one)

i.

__Buyer's Property Not in Escrow: If selected, the Buyer's property is not in escrow and:

__ Is not yet listed for sale ?OR--

__ Is listed for sale with ___________________________________________________________

brokerage and is listed in __________________ MLS, #_________________________________.

Buyer has ___ days to enter into escrow for the sale of Buyer's Property and within ______ days

of opening escrow shall provide Seller with copies of the contract, escrow instructions and other

related documents for the sale of Buyer's Property proving that Buyer has entered into Escrow.

ii.

__ Buyer's Property in Escrow: If selected, the Buyer's property is in escrow.

Escrow Holder is ______________________________________________________________________.

Escrow Number: _______________________________. Proposed Closing Date: _________________.

Buyer shall have five (5) days after Acceptance to deliver to Seller copies of the contract, escrow

instructions and other related documents for the sale of Buyer's Property proving that Buyer has entered

into Escrow.

d.

Notice of Cancelation of Escrow for Buyer's Property: If Buyer's Property is in or enters escrow; Buyer shall

give Seller written notice if either party to that escrow gives notice of intent to cancel.

e.

Seller's Right to Cancel: Seller may cancel this Agreement in writing if: 1) Buyer fails to provide evidence that

Buyer's property is in escrow as set forth in (c)(i) or (c)(ii). 2) If Buyer gives Seller notice pursuant to (d).

f.

Buyer's Right to Cancel: Buyer may cancel this Agreement in writing prior to Buyer's removal of the

contingency for sale of Buyer's Property, the buyer for the Buyer's property gives notice of intent to cancel escrow for

Buyer's Property or the Buyer is unable to secure a buyer for Buyer's property.

g.

If Seller accepts a bona fide written offer from a third party prior to Buyer's delivery of notice of acceptance of

an offer on the sale of Buyer's property, Seller shall give Buyer written notice of that fact. Within three (3) calendar days of

receipt of the notice, Buyer will waive the contingency of the sale and closing of Buyer's other property, or Seller may cancel

the Agreement in writing. In order to be effective, the waiver of contingency must be accompanied by reasonable evidence

that funds needed to close escrow will be available and Buyer's ability to obtain financing is not contingent upon the sale

and/or close of any other property.

IF the Residential Purchase Agreement is not cancelled, in writing on or before _____________ (date), Buyer shall be deemed to have waived the Contingent Upon Sale contingency.

ADDITIONAL PAGE(S) ATTACHED. This Addendum is not complete without the additional terms on the attached _______ page(s). When executed by both parties, this Addendum is made an integral part of the aforementioned Agreement.

WHEN PROPERLY COMPLETED, THIS IS A BINDING CONTRACT. IF YOU DO NOT FULLY UNDERSTAND ITS CONTENTS, YOU SHOULD SEEK COMPETENT LEGAL COUNSEL BEFORE SIGNING.

_________________________________ ____________ _________________________________ ____________

Buyer Seller

Date

Buyer Seller

Date

Acceptance:

_________________________________ ____________ _________________________________ ____________

Buyer Seller

Date

Buyer Seller

Date

Prepared by: ___________________________________________ Agent's Printed Name

_______________ Phone

Contingent Upon Sale Addendum Rev. 07.2017 ? 2017 Greater Las Vegas Association of REALTORS?

This form presented by Denise Klein | Urban Nest Realty | 702-525-8929 | info@

FINANCING ADDENDUM

Date: ______________________________________ APN: ________________________________________ Property: __________________________________________________________________________________ Seller/Beneficiary/Lender (hereinafter, collectively, "Seller"): Buyer/Trustor/Borrower (hereinafter, collectively, "Buyer"): This Addendum is attached, incorporated and made a part of that certain PURCHASE AGREEMENT ("the Agreement") dated _________________________________________.

1. FORM OF DOCUMENTATION: Select one of the following:

The parties hereby instruct Escrow Holder to prepare a Promissory Note secured by Deed of Trust of the same date and amount in favor of the Seller, to be recorded through this escrow as a ________ Deed of Trust lien upon the subject property. Escrow Holder is hereby authorized and directed to use its standard Note and Deed of Trust, and Escrow Holder shall deliver the Note and Deed of Trust to the parties within five (5) days of the execution and delivery of this Addendum to Escrow Holder. Escrow Holder is instructed to insert interest commencement and payment dates on the Note, which dates were not available at time of preparation of said instruments, at the close of escrow and over the original signatures of the parties herein, without further written instruction required from either party.

-OR-

Buyer -OR- Seller shall provide a Promissory Note secured by Deed of Trust of the same date and amount in favor of the Seller, to be recorded through this escrow as a __________ Deed of Trust lien upon the subject property. Escrow Holder is instructed to insert interest commencement and payment dates on the Note, which dates were not available at time of preparation of said instruments, at the close of escrow and over the original signatures of the parties herein, without further written instruction required from either party.

2. TERMS OF PROMISSORY NOTE AND DEED OF TRUST: In addition to the usual and customary representations, warranties, covenants, conditions and other agreements that are normally set forth in agreements for a transaction of the nature contemplated hereby, the Promissory Note and Deed of Trust shall contain the following terms and conditions (unchecked boxes shall NOT apply).

PRINCIPAL BALANCE:

$_________________

PRINCIPAL AND INTEREST: Principal and interest payments shall be made in monthly installments of $__________, or more, including principal and interest at the rate of _________% per annum, interest to accrue from the close of escrow and the first installment to be due on the ________ day of ___________, 20_______, and continuing on the same day of each consecutive _____, until _____________, when the then entire unpaid principal balance and accrued interest shall become all due and payable.

Each party acknowledges that he/she has read, understood, and agrees to each and every provision of this page unless a particular paragraph is otherwise modified by addendum or counteroffer.

Buyer's Last Name:________________________________________________ BUYER(S) INITIALS: ________/________

Property Address: _________________________________________________ SELLER(S) INITIALS: ________/________

Financing Addendum (Rev. 05/17) Copyright?2017 Greater Las Vegas Association of REALTORS?

Page 1 of 5

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INTEREST ONLY: Interest only payments shall be made in __________ installments of interest only at the rate of _________% per annum, to accrue from _____________ and the first installment to be due on the ________ day of ______________, 20_____, and continuing on the same day of each consecutive ____________, until _______________, when the then entire unpaid principal balance and accrued interest shall become all due and payable.

STRAIGHT NOTE: The Promissory Note shall bear interest at the rate of ________% per annum, to accrue from the close of escrow. The entire unpaid principal balance and accrued interest shall be all due and payable in full on or before ___________________.

IMPOUNDS: Buyer agrees to pay impounds for taxes, insurance, and ________________________________.

BALLOON PAYMENT: The Promissory Note shall contain a balloon payment of any unpaid principal balance due on ______________.

PREPAYMENT WITHOUT PENALTY: Buyer reserves the right to prepay this obligation without penalty.

-OR-

PREPAYMENT PENALTY: Should Buyer prepay this obligation in whole or in part, the following prepayment penalty shall be due and payable in addition to the principal and interest owed:

.

LATE PAYMENT PENALTY: If any installment is not received by Seller or Seller's designated servicing agent within ________ calendar days following the scheduled due date, a late charge shall be assessed to the installment in an amount equal to: _______% of any installment -OR- in the amount of $__________________. The late charge shall be payable in addition and at the same time as the regularly scheduled installment.

DEFAULT: Default is defined as any installment that is _______________ (_____) calendar days past due.

DEFAULT RATE: In the event Buyer defaults, the interest rate will increase to _______ % per annum, which shall continue until the default is cured.

FAILURE TO PAY UPON MATURITY: In the event Buyer fails to pay this obligation in full, on or before date of maturity as shown thereon, then the outstanding principal balance shall be increased by _____%, and the full amount shall be immediately due and payable.

PENALTY FOR ADVANCE: Any advances made by Seller for payment of taxes, insurance or any other advances will accrue interest at the Default Rate, which shall become immediately due and payable by Buyer in addition to regular installments.

DUE ON SALE/ALIENATION CLAUSE: If Buyer shall sell, convey or alienate the herein described

Each party acknowledges that he/she has read, understood, and agrees to each and every provision of this page unless a particular paragraph is otherwise modified by addendum or counteroffer.

Buyer's Last Name:________________________________________________ BUYER(S) INITIALS: ________/________

Property Address: _________________________________________________ SELLER(S) INITIALS: ________/________

Financing Addendum (Rev. 05/17) Copyright?2017 Greater Las Vegas Association of REALTORS?

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property, or any part thereof, or any interest therein, or shall be divested of this title, or any interest therein, in any manner or way, without first having obtained Seller's written consent to do so, the entire balance of the Note secured thereby shall, at the option of the holder thereof, and without demand or notice, become immediately due and payable.

ACCELERATION CLAUSE: In the event Buyer defaults in making any of the payments when due, then in such an event, Seller may, at their sole option, require the entire balance outstanding plus accrued interest immediately due and payable.

REQUEST FOR NOTICE: Seller herein requests and instructs Escrow Holder to prepare and have recorded a Request for Notice on their behalf for each prior Deed of Trust, if any.

LOAN SERVICING: The parties hereto instruct Escrow Holder to establish a loan collection/servicing account, as evidenced by their signatures on a loan service agreement for the purposes of servicing the Note created herein. Buyer herein agrees to remit payments directly to the Loan Servicing Agency at the place so designated. In compliance therewith, the parties herein agree to forever release and relieve Escrow Holder, Title Company and REALTOR? against any and all costs, responsibility and/or liability in connection therewith. Escrow Holder is hereby authorized and instructed to surrender the original fully executed Promissory Note to said servicing agency for collection thereon and name said servicing agency as the return address on the Deed of Trust.

Monthly service fee paid by: Initial Set-up Fee paid by: Loan Servicing Company to be selected by: Loan Servicing Company (if known ):

Buyer - OR -

Seller.

Buyer - OR -

Seller - OR -

Buyer - OR -

Seller.

_____________________________

50/50 split.

-OR-

WAIVER - LOAN SERVICING: The parties hereto instruct Escrow Holder NOT to establish a servicing account for purposes of servicing the Note created herein. Buyer herein agrees to remit payments directly to Seller, outside of this escrow, at the place designated by Seller. In compliance therewith, the parties herein agree to forever release and relieve Escrow Holder, Title Company and REALTOR?(S) against any and all costs, responsibility and/or liability in connection therewith. Escrow Holder is hereby authorized and instructed to surrender the original fully executed Promissory Note direct and to the Seller for collection thereon.

3. ADDITIONAL TERMS: ___________________________________________________________________

_________________________________________________________________________________________

_________________________________________________________________________________________

_________________________________________________________________________________________

_________________________________________________________________________________________

_________________________________________________________________________________________

4. RECONVEYANCE: Upon receipt of written request from Buyer reciting that all sums secured by the Deed of Trust have been paid and upon confirmation by the trustee and surrender of the Deed of Trust and the Note secured thereby to the trustee for cancellation and retention, or such other disposition, and upon payment of its fees, the trustee shall reconvey, without warranty, all portions of the secured property which are then encumbered by the Deed of Trust.

Each party acknowledges that he/she has read, understood, and agrees to each and every provision of this page unless a particular paragraph is otherwise modified by addendum or counteroffer.

Buyer's Last Name:________________________________________________ BUYER(S) INITIALS: ________/________

Property Address: _________________________________________________ SELLER(S) INITIALS: ________/________

Financing Addendum (Rev. 05/17) Copyright?2017 Greater Las Vegas Association of REALTORS?

Page 3 of 5

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5. INSURANCE: Buyer shall deliver to Escrow Holder prior to closing, a one (1) year prepaid policy of fire insurance, in an amount not less than the combined outstanding balance of any loans being created herein. The policy shall name Seller as a loss payee thereunder. It shall be the sole responsibility of Seller to satisfy themselves as to the sufficiency of said policy prior to close of escrow.

6. LIEN PRIORITY: In the event Seller is to be the beneficiary of a Junior Deed of Trust in connection with this transaction, any title policy issued to insure Seller's Deed of Trust shall reflect the security instrument as a lien subordinate to any prior recorded Deed of Trust.

7. IMPUTED INTEREST: The undersigned parties acknowledge (i) that the Internal Revenue Service may impute and apply additional interest on any Promissory Note that carries a below market rate of interest, an understated interest rate or no interest rate, and (ii) they agree to forever release and relieve Escrow Holder, Title Company, REALTORS? and Brokers herein should the Internal Revenue Service impute any additional interest on the Promissory Note.

8. GENERAL: Time is of the essence hereunder. No change, modification or amendment of this Addendum shall be valid or binding unless such change, modification or amendment shall be in writing and signed by each party. This Addendum will be binding upon the heirs, beneficiaries and devisees of the parties hereto. This Addendum is executed and intended to be performed in the State of Nevada, and the laws of that state shall govern its interpretation and effect. The parties agree that the appropriate forum for any action relating to this Addendum shall be in the county where the property is located. Should any party hereto retain counsel for the purpose of initiating litigation to enforce or prevent the breach of any provision hereof, or for any other judicial remedy, then the prevailing party shall be entitled to be reimbursed by the losing party for all costs and expenses incurred thereby, including, but not limited to, reasonable attorneys' fees and costs incurred by such prevailing party. This Addendum may be signed in counterparts and by electronic means.

BUYER AND SELLER HEREBY ACKNOWLEDGE THAT EACH:

1. Has been advised to and has been afforded the opportunity to seek the advice of independent legal counsel in connection with signing and making this Addendum and its effect upon each of them and their property;

2. Has carefully read and understood this Addendum;

3. Are signing and making this Addendum voluntarily;

4. Has not received any representation from the Escrow Holder, title company, REALTORS?, agents or brokers about the tax, legal or financial consequences of this Addendum;

5. Has been advised that this Addendum may have significant tax, legal or financial consequences;

6. Has been advised Seller Financing involves risk;

7. Has been advised to seek the advise of independent legal and financial counsel; and

8. Has had the opportunity to seek the advice of independent legal and financial counsel.

Each party acknowledges that he/she has read, understood, and agrees to each and every provision of this page unless a particular paragraph is otherwise modified by addendum or counteroffer.

Buyer's Last Name:________________________________________________ BUYER(S) INITIALS: ________/________

Property Address: _________________________________________________ SELLER(S) INITIALS: ________/________

Financing Addendum (Rev. 05/17) Copyright?2017 Greater Las Vegas Association of REALTORS?

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