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Current Nevada Law: Subject to Verification
Whether a purchase agreement has been terminated, whether the parties authorized the disposition of the earnest money, and whether a dispute remains are contract/legal questions depending on the actual documents and Nevada law. A REALTOR® should not invent legal conclusions. Verify the specific facts with a qualified Nevada attorney and your brokerage.
Money and Contract Status Are Different Questions
Question 1:
Who gets the earnest money?
Question 2:
Is the contract terminated?
They are connected.
They are not necessarily identical.
Get the Documents
Do not rely on:
"The escrow girl said we're done."
Ask Lisa for the actual transaction documentation showing the status.
If There Is a Dispute
A REALTOR® should not invent legal conclusions.
Brokerage and legal counsel may need to become involved.
How Lisa Helps
Lisa makes sure clients understand what they have actually signed instead of assuming a banking event changed their contractual rights.