The Duties Owed by a Nevada Real Estate Licensee must be given to whom?

The correct understanding of the duties owed by a Nevada real estate licensee is that these duties must be established before any contract is signed. This is crucial because it ensures that clients are fully aware of the obligations and responsibilities that the licensee has towards them. By defining these duties upfront, it fosters transparency and builds trust, allowing clients to make informed decisions regarding their real estate transactions.

This approach also aligns with the principles of professionalism and ethics in real estate. It ensures that clients receive the guidance and representation they need throughout the real estate process without any ambiguity regarding the licensee's role. Establishing this relationship before signing a contract allows clients to understand the level of service they should expect, as well as the nature of the fiduciary relationship that will exist between the licensee and the client once a contract is in place.