Who is required to turn over all monies from an offer agreement to purchase real estate in Nevada?

In Nevada, it is the responsibility of the broker to handle and turn over all monies related to an offer agreement to purchase real estate. This ensures that the funds are secured and managed in compliance with Nevada's real estate regulations. Brokers play a crucial role in transactions, acting as fiduciaries and ensuring the proper handling of client funds, including earnest money deposits.

While sellers and buyers may be involved in discussions regarding the transaction, it is the broker who has the legal obligation to manage and account for the financial aspects of the deal. Real estate agents, who typically work under the broker, do not directly handle the funds but must follow the broker’s directives regarding financial transactions. Thus, the broker's role in managing and turning over these funds is pivotal for maintaining the integrity and trust necessary in real estate dealings.