Nevada § 119.140 License: Required information; application; fee

Nevada Statutes

§ 119.140 — License: Required information; application; fee

Nevada § 119.140

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 119Sale

REQUIREMENTS AND RESTRICTIONS

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Bluebook

Nev. Rev. Stat. § 119.140 (2026).

Text

Any person or broker proposing to offer or sell any subdivision or lot, parcel, unit or interest therein in this state shall first submit to the Division:

1.The name and address of each person owning or controlling an interest of 10 percent or more.

2.The name, principal occupation and address of every officer, director, partner, owner, associate or trustee of the subdivider.

3.The legal description and area of lands.

4.A true statement of the condition of the title to the land, including all encumbrances thereon.

5.A true statement of the terms and conditions on which it is intended to dispose of the land and copies of the instruments which will be delivered to a purchaser to evidence his or her interest in the subdivision and of the contracts and other agreements which a purchaser w

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Any person or broker proposing to offer or sell any subdivision or lot, parcel, unit or interest therein in this state shall first submit to the Division:
1. The name and address of each person owning or controlling an interest of 10 percent or more.
2. The name, principal occupation and address of every officer, director, partner, owner, associate or trustee of the subdivider.
3. The legal description and area of lands.
4. A true statement of the condition of the title to the land, including all encumbrances thereon.
5. A true statement of the terms and conditions on which it is intended to dispose of the land and copies of the instruments which will be delivered to a purchaser to evidence his or her interest in the subdivision and of the contracts and other agreements which a purchaser will be required to agree to or sign.
6. A true statement of the provisions, if any, that have been made for public utilities in the proposed subdivision, including water, electricity, gas, telephone and sewerage facilities.
7. A true statement of the use for which the proposed subdivision will be offered.
8. A true statement of the provisions, if any, limiting the use or occupancy of the parcels in the subdivision.
9. A true statement of the maximum depth of fill used, or proposed to be used on each lot, and a true statement on the soil conditions in the subdivision supported by engineering reports showing the soil has been, or will be, prepared in accordance with the recommendations of a licensed civil engineer.
10. A true statement of the amount of indebtedness which is a lien upon the subdivision or any part thereof, and which was incurred to pay for the construction of any on-site or off-site improvement, or any community or recreational facility, and the names and addresses of the holders of the indebtedness together with an indication of their relationship, if any, to the owner and subdivider.
11. A true statement or reasonable estimate, if applicable, of the amount of any indebtedness which has been or is proposed to be incurred by an existing or proposed special district, entity, taxing area or assessment district, within the boundaries of which the subdivision, or any part thereof, is located, and which is to pay for the construction or installation of any improvement or to furnish community or recreational facilities to the subdivision, and which amounts are to be obtained by ad valorem tax or assessment, or by a special assessment or tax upon the subdivision, or any part thereof.
12. A true statement describing any agricultural activities or conditions in the area which may adversely affect residents of the subdivision, including any odors, cultivation and related dust, agricultural burning, application of pesticides, or irrigation and drainage.
13. Such other information as the owner, his or her agent or subdivider may wish to present.
14. A completed application for a license in such form and containing such additional information as the Division may require on its filing forms.
15. The fees prescribed by this chapter.