Published pursuant to NRS 645.194 by the Nevada Real Estate Division in both
electronic and hardcopy formats.
©2006-2014 Nevada Real Estate Division, Department of Business & Industry,
State of Nevada. All rights reserved.
Introduction
The Department of Business and Industry—Nevada Real Estate
Division has developed this booklet to increase consumer awareness and
understanding of disclosures that may be required by a buyer or seller
during the sale or purchase of a residential property in the State of
Nevada.
In almost every real estate transaction, some form of written disclosure
is required. For example, real estate licensees must disclose if they are
related to a party in the transaction or affiliated with the lender involved
in approving the loan for that particular transaction. Sellers, for instance,
are responsible for disclosing material facts, data and other information
relating to the property they are attempting to sell. And buyers, in some
cases, must disclose if they are choosing to waive their 10-day
opportunity to conduct a risk assessment of lead hazards.
These are only a few examples of what must be disclosed during a real
estate transaction. While it is not possible to outline which disclosures
are needed in every situation, as each real estate transaction is unique,
this booklet contains discussions on the most commonly required state,
federal and local disclosures.
References to real estate licensees and the sale of
residential properties in this booklet apply only to the state of Nevada.
This guide, however, does not specifically address vacant land or
commercial properties.
We hope that you will find this booklet helpful and that
it becomes a valuable resource during your real estate transaction. For
more information, please visit our website at http://red.nv.gov.
LAS VEGAS
3300 W Sahara Ave.
Suite 350
Ph: (702) 486-4033
Nevada Real Estate Division
CARSON CITY
1818 E. College Pkwy
Suite 110
Ph: (775) 684-1900
Website: http://red.nv.gov
This booklet is state-issued and may
not be modified or altered in any way.
It may be reproduced as needed and
downloaded for printing from:
http://red.nv.gov/RDG/
First reprint: January 2007
Second reprint: April 2008
Third reprint: August 2010
Fourth reprint: October 2011
Fifth reprint: November 2011
Sixth reprint: June 2014
Seventh reprint: October 2015