Terms Used In Nevada Revised Statutes > Chapter 318 > Sale of Real Property

• Appraisal: A determination of property value.
• Contract: A legal written agreement that becomes binding when signed.
• county: includes Carson City. See Nevada Revised Statutes 0.033
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
• population: means the number of people in a specified area as determined by the last preceding national decennial census conducted by the Bureau of the Census of the United States Department of Commerce pursuant to Section 2 of Nevada Revised Statutes 0.050
• Publication: means publication once in a newspaper of general circulation in the district at least 15 days before the designated time or event. See Nevada Revised Statutes 318.020
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Trustees: means the members of a board. See Nevada Revised Statutes 318.020