Which of the following is defined in NRS 489.7158?

The correct answer pertains to the definition of dealer duties in brokerage agreements as outlined in NRS 489.7158. This section of the Nevada Revised Statutes specifically addresses the responsibilities that licensed dealers must adhere to when engaging in agreements that govern the sale or management of manufactured homes. Understanding these duties is crucial for compliance with state laws, as it establishes the expectations for conduct during brokerage activities.

In the context of manufactured housing, these duties can include maintaining transparency with clients, adhering to all legal mandates involved in the transaction, and ensuring that all parties understand their rights and obligations. The statute is significant not only for the protection of consumers but also for the professional integrity of licensed dealers in navigating these transactions.

The other choices, while related to the field, do not align with the focus of NRS 489.7158. Dealer duties in sales transactions could pertain to different sections of the statutes that govern direct sales, whereas brokerage agreement enforceability requirements and brokerage licensing requirements are governed by other specific statutes intended to regulate broader aspects of the industry. Thus, focusing on the particulars of dealer duties in brokerage agreements is essential for both compliance and successful practice in Nevada’s manufactured housing sector.