FREQUENTLY ASKED QUESTIONS
Do we need to do something with the NRED
to sell a lot, house or condominium
development in Nevada?
Yes, you must determine if the project
satisfies the definition of subdivision
in NRS 119 .110 and then determine how
best to comply with NRS 119, the Nevada
Land Sales Law.
What must I do to file for a Property
Download the Statement of Record
(form#563) and the Property Report
(form#564) and follow the instructions
How long will the application process
It depends on our workload. All
incoming requests are handled on a first
come first served basis. It does
NOT help to submit an incomplete package
hoping to get a place in line while you
are completing the process. This
delays us, requires us to store an
incomplete package and ultimately delays
If we want to sell our out of state
condominiums in Nevada, do we have to do
anything with Nevada?
Yes, regardless of where the property is
located, if you wish to market, sell or
solicit the property in Nevada, you must
comply with the relevant Nevada law, NRS
119 (Subdivisions), NRS 119A (Time
Shares) or NRS 119B (Membership
How do I get a copy of the statutes and
the regulations that govern subdivision
You may download them from this website,
see Statutes and Regulations.
Do we need a Nevada broker if we are not
going to have any office or physical
presence in Nevada but just solicit from
out of state?
Yes, you need a Nevada broker who must
retain copies of the sales files for the
Nevada purchasers for 5 years.
Must our advertising be approved
by the NRED?
All advertising must comply with the
relevant laws and regulations and must
be submitted. Advertising
submitted for time share projects is not
reviewed at the time of submittal.
All other advertising is reviewed and
must receive a NAV number prior to being
Does the law require a rescission
Yes, there is a rescission period
required under the Land Sales Law (NRS
119), the Time Share Law (NRS 119A) and
the Membership Campground Law (NRS
Are fractional interests required to be
registered in Nevada?
In most cases they come under the Nevada
Time Share Law, NRS 119A.
I bought a condominium in Las Vegas last
year and I didn’t get a copy of the
Public Offering Statement, how do I get
a copy of one?
In a condominium or other planned
development project, the Public Offering
Statement is mandated under NRS 116 and
there is no state agency that reviews or
approves this disclosure document.
The only way to obtain a copy is to
request one from a purchaser, the
developer or their counsel.
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