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Nevada · NRSNevada real estate closing laws: a checklist for transaction coordinators

Nevada's rules for a home sale, in the order a transaction meets them: the seller of a one-to-four unit home completes the disclosure form – the seller's agent may not fill it in – and serves it on the buyer at least 10 days before conveyance; if it's never served, the buyer may rescind before conveyance, and a revealed defect gives the buyer 4 working days to rescind in a written, notarized notice (NRS 113.130, 113.150). In a common-interest community, the seller furnishes the resale package at the seller's expense, the association has 10 calendar days, and the buyer may cancel until midnight of the fifth calendar day after receiving it (NRS 116.4109). At recording, the transfer tax is $1.25 per $500 in Clark County and 65 cents in smaller counties, plus the state's $1.30 per $500, and buyer and seller are jointly and severally liable for it (NRS 375.020–375.030).

From disclosure to recording

  1. 1. Disclosure (NRS 113.130)

    Served at least 10 days before conveyance; completed by the seller.

  2. 2. HOA resale package (NRS 116.4109)

    Seller's expense; five calendar days to cancel.

  3. 3. Transfer tax (NRS 375.020–375.030)

    County plus state; buyer and seller jointly liable.

Questions about Nevada closings

When must the Nevada seller disclosure be served?

At least 10 days before the property is conveyed (NRS 113.130).

How long can a Nevada buyer cancel after the HOA resale package?

Until midnight of the fifth calendar day after receiving it (NRS 116.4109).

Who pays the Nevada transfer tax?

Buyer and seller are jointly and severally liable; the escrow holder is not (NRS 375.030).

The Nevada guides

ClosingCode shows Nevada's disclosure and HOA resale rules under those documents on each Nevada deal, with a link to the guide.

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Sources: Nevada Revised Statutes 113.130, 113.150, 116.4109 and 375.020–375.030 (leg.state.nv.us, read for the linked guides).

General information, not legal advice. Each point links to the guide with the details. ClosingCode is software; it is not a law firm. This guide is not a substitute for the advice or services of an attorney.