Nevada § 318.5121 - Appraisers: Procedures for selection; disclosure statements; prohibitions
Full text of Nevada Nevada Revised Statutes § 318.5121 — Appraisers: Procedures for selection; disclosure statements; prohibitions, with citation guidance and answers to common questions.
§ 318.5121. Appraisers: Procedures for selection; disclosure statements; prohibitions
1. The board of trustees shall adopt by resolution the procedures for creating and
maintaining a list of appraisers qualified to conduct appraisals of real property
offered for sale by the board. The list must: (a) Contain the names of all persons qualified to act as a general appraiser in the
same county as the real property that may be appraised; and (b) Be organized at random and rotated from time to time. 2. An appraiser chosen pursuant to subsection 1 must provide a disclosure statement
which includes, without limitation, all sources of income that may constitute a conflict
of interest and any relationship with the real property owner or the owner of an adjoining
real property. 3. An appraiser shall not perform an appraisal on any real property for sale by the
board of trustees if: (a) The appraiser has an interest in the real property or an adjoining property; (b) The real property is located in a county whose population is 52,000 or more and
any person who is related to the appraiser has an interest in the real property or
an adjoining property and the relationship between the appraiser and the person is
within the third degree of consanguinity or affinity; or (c) The real property is located in a county whose population is less than 52,000
and any person who is related to the appraiser has an interest in the real property
or an adjoining property and the relationship between the appraiser and the person
is within the second degree of consanguinity or affinity.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 318.5121
What does Nevada Revised Statutes § 318.5121 cover?
Section 318.5121 ("Appraisers: Procedures for selection; disclosure statements; prohibitions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 318.5121?
A common citation format is "Nevada Revised Statutes § 318.5121" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 318.5121 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.