A real estate agent’s new bid to buy a property could affect his or her future with the state of Nevada, and his or its governor.
A proposal from the state to buy the Biddlemore Estate in Las Vegas has been approved by the Nevada Commission for Real Estate and its state legislators, according to the Associated Press.
The real estate broker who submitted the bid has said that he hopes to buy about 10 percent of the property for $6 million.
He has not specified how much the seller will pay for the property.
Nevada, like most states, requires real estate agents to have a permit from the commission.
The state’s chief legal officer, Ken Stellman, said in a news release that the realty commission will review the offer.
Stellman said the realtor’s proposal is based on the value of the properties.
“The value of a property is determined by how much real estate the buyer wants to purchase,” he said.
It was unclear how much money the buyer will pay, and the realtors offer is not public.
If the buyer is able to find a buyer willing to pay that much, Stellson said, the state will use its purchasing power to help him or her.
There has been speculation about whether the buyer could make money selling the property, and Stellmann said that there is no guarantee the buyer would sell it for more than what the seller would have spent to buy it.
He said the commission would consider other possibilities.
“The commission is not a lender.
The commission is an investor, and it’s a lender for the state,” he told the AP.
I would not be surprised if this is the case, Steller said.
It is just not an option for us to do it.
“A Biltweaver real estate firm is the owner of the Bumblewood Estate in Vegas, which is owned by the Stellmans, and will sell it to the state in December, Stelman said.