Nevada § 393.240 - Appointment, report and compensation of appraisers; exceptions
Full text of Nevada Nevada Revised Statutes § 393.240 — Appointment, report and compensation of appraisers; exceptions, with citation guidance and answers to common questions.
§ 393.240. Appointment, report and compensation of appraisers; exceptions
1. Except as otherwise provided in this section and NRS 393.3251 to 393.3255 , inclusive, if the board of trustees proposes to sell or lease any real property,
the board shall appoint one appraiser. A second appraiser must be appointed by the Superintendent of Public Instruction. 2. The appraisers shall make a report to the board of trustees of their findings and
determinations of the cash market value of the property proposed to be sold, or the
rental value of the property proposed to be leased. 3. Except as otherwise provided in this section and NRS 393.270 , no sale or lease of real property may be made for less than the value fixed by the
appraisers, but this requirement does not apply to a conveyance without charge to
another political subdivision. 4. The compensation of each appraiser appointed pursuant to the provisions of this
section must be fixed by the board of trustees and is a legal charge against the school
district fund. 5. The board of trustees may sell real property without an independent appraisal if
the property is reasonably determined by the board to have a fair market value of
$5,000 or less. 6. If the board of trustees proposes to sell a house or other structure that is built
by pupils enrolled in a program of instruction offered by a public school in the school
district, the report concerning the cash market value of the house or other structure
required to be submitted to the board of trustees pursuant to the provisions of subsection
2 must be prepared and submitted by an appraiser appointed by the board.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 393.240
What does Nevada Revised Statutes § 393.240 cover?
Section 393.240 ("Appointment, report and compensation of appraisers; exceptions") 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 § 393.240?
A common citation format is "Nevada Revised Statutes § 393.240" (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 § 393.240 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.