In Nevada, who owns the listing after it is agreed upon?

In Nevada, once a listing agreement is executed, the ownership of the listing is vested in the listing brokerage. This is a principle rooted in agency law, where a real estate broker acts on behalf of the seller. When a seller signs a listing agreement, they typically grant the brokerage the authority to represent them in the sale of their property. This encompasses the right to market the property, negotiate on behalf of the seller, and, importantly, own the listing itself.

The brokerage holds the listing, which allows them to utilize their resources and networks to find potential buyers effectively. While the seller ultimately owns the property and retains certain rights, the listing itself, including all marketing rights and materials, belongs to the brokerage as it is executed under the law of agency. This centrality of the brokerage in the listing process is a fundamental aspect of real estate practice in Nevada, ensuring that licensed professionals uphold the standards and regulations of the industry.