The Seller`s Real Estate Disclosure Form (NRS 113.130) Nevada requires real estate sellers to provide buyers with an accounting of the condition of the property at least ten (10) days before the transfer of ownership. Once this notification is received, the buyer can cancel the purchase. The contract to purchase and sell residential real estate in Nevada is a document that defines the terms of purchase of land. The contract is between a buyer and a seller and may be refused or negotiated by the other party until the contract expires. The buyer must indicate the amount he is proposing, the size of a deposit (if any), how he will finance the purchase and the duration of the offer. In addition, before the purchase is completed, the buyer may decide to have the property assessed professionally. Once the two parties have reached an amicable agreement, they can conclude the agreement by signing the document. In addition, two other documents, which are commonly used in Las Vegas, are the agreement on the exclusive buying agency and the short sale addendum. The buyer agency is like a seller list contract – it also gives the buyer the right to rent exclusively his own agent. The short-sale addendum is used when the property purchased is a short sale and the bank must give its consent. Lead Based Paint Disclosure – If a person buys an apartment built before 1978, they must be given an explanation describing the possibility of lead color that is present in the field.
Click here to see an example of the Las Vegas sales contract. Click here to see an example of tariff advertising. In the state of Nevada, as a professional real estate agent, we are also required (and we must disclose in writing) who we represent in every transaction. To meet this requirement below, the “Duties Owed” is disclosure for your audit. This disclosure describes our fiduciary obligations to you and that we represent you and only you in a particular transaction. . We look forward to the opportunity to help you find your next home in Las Vegas! The laws vary widely from country to country, and we want you to be comfortable with all aspects of the transaction in Las Vegas. So take a moment to check out a sample of the actual real estate contract used by the Greater Las Vegas Board of Realtors.
This way, you can create a list of all the questions you might have in advance before you start looking for properties. There is also a lot of other necessary data that is part of our local real estate transactions, but these are standard documents that are generally self-explanatory. Please feel free to contact us with any questions you have regarding our local contracts – simply fill out the form below and we will respond as soon as possible.