NRS 393.247 Sale of house or other structure built by pupils authorized; requirements for exclusive listing with real estate broker; payment of commission to real estate broker; exemption from certain provisions.

587 words·~3 min read·/nv/chapter-393-school-property/393-247

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The board of trustees may, after complying with any other applicable provision of NRS 393.220 to 393.325 , inclusive, sell any house or other structure built by pupils enrolled in a program of instruction offered by a public school in the school district by accepting written proposals for the purchase of the house or structure at any public meeting held by the board of trustees.

2. If the board of trustees proposes to sell a house or other structure built by pupils enrolled in a program of instruction offered by a public school in the school district and wishes to give an exclusive listing to a real estate broker to sell the house or structure, the board of trustees shall cause written notice to be published at least once in a newspaper of general circulation within the county not less than 30 days before adopting a resolution of intention to sell the house or structure pursuant to the provisions of NRS 393.250 . The notice must:

(a)Describe the house or structure in such a manner as to identify it; and

(b)Include a statement indicating that:

(1)The board of trustees intends to adopt a resolution pursuant to the provisions of NRS 393.250 and the proposed date for its adoption; and

(2)If a real estate broker wishes to be included in a list of prospective real estate brokers prepared pursuant to the provisions of subsection 3, the real estate broker may provide a written notice of that fact to the board of trustees not less than 10 days before the date specified in subparagraph (1). To qualify for inclusion on the list, a real estate broker must maintain an office within the county where the school district is located.

3. Before adopting a resolution specified in subsection 2, the board of trustees shall:

(a)Prepare a list that includes the name of each qualified real estate broker from whom the board of trustees received a written notice pursuant to the provisions of subparagraph

(2)of paragraph

(b)of subsection 2; and

(b)Upon completion of the list, select by lottery a real estate broker who maintains an office within the county where the school district is located from the list.

4. If the board of trustees sells a house or other structure built by pupils enrolled in a program of instruction offered by a public school in the school district and if the purchaser of the house or structure was procured by a real estate broker who was selected pursuant to the provisions of subsection 3, the board of trustees shall pay a commission to the real estate broker for the full amount for which the sale is confirmed. If the real estate broker did not procure the purchaser of the house or structure, the board of trustees shall pay one-half of the commission on the full amount for which the sale is confirmed to the real estate broker and one-half of the commission to the real estate broker who procured the purchaser of the property.

5. The provisions of paragraph

(c)of subsection 2 of NRS 393.250 and NRS 393.270 and 393.280 do not apply to the sale of a house or other structure built by pupils enrolled in a program of instruction offered by a public school in the school district.