Nevada Revised Statutes
Chapter 148 - Sales, Conveyances and Exchanges
NRS 148.260 - Confirmation of sale: Requirement of appraisement; court waiver of requirement of appraisement under certain circumstances.


1. Except as otherwise provided in subsection 2, a sale of real property at a private sale must not be confirmed by the court unless the court is satisfied that the sum offered represents the fair market value of the property sold and the real property has been appraised within 1 year before the time of sale. If the property has not been appraised, a new appraisement must be performed, as in the case of an original appraisement of an estate, at any time before the sale or confirmation of the property.
2. The court may waive the requirement of an appraisement:
(a) For good cause shown; or
(b) If the personal representative is the sole devisee or heir of the estate, or if all devisees or heirs consent in writing to sale without an appraisal, in which case the personal representative may rely on the assessed value of the property for taxation in obtaining confirmation of the sale.
[160:107:1941; 1931 NCL § 9882.160]—(NRS A 1999, 2320; 2017, 1681)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 148 - Sales, Conveyances and Exchanges

NRS 148.050 - Sale of property for certain purposes: No priority between personal and real property; method and order of sale.

NRS 148.060 - Confirmation of sale: Report; petition; notice.

NRS 148.070 - Written objection: Hearing; proof of notice.

NRS 148.080 - Sales under direction of will.

NRS 148.090 - Petition for order requiring sale.

NRS 148.100 - Neglect or misconduct of personal representative.

NRS 148.105 - Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission.

NRS 148.110 - Contracts to find purchaser of real property: Liability of personal representative; limitation on commission.

NRS 148.120 - Division of commission upon confirmation of highest bid.

NRS 148.130 - Sale of property subject to mortgage or other lien.

NRS 148.140 - Disposition of proceeds of sale.

NRS 148.150 - Right of holder of lien on property to purchase it; receipt as payment pro tanto.

NRS 148.160 - Sale of equity of estate in property: Procedure.

NRS 148.165 - Transfer of interest subject to Nevada Gaming Control Act to heir or devisee; procedure.

NRS 148.170 - Sale of perishable and depreciating property.

NRS 148.180 - Sale of securities: Authorized by will or consent of devisees or heirs; authorized by court.

NRS 148.190 - Sale of other personal property: Publication; description of property; inspection.

NRS 148.195 - Confirmation of sale: New appraisement; appraisal dispensed with under certain circumstances.

NRS 148.200 - Terms of sale.

NRS 148.210 - Interests in partnerships.

NRS 148.220 - Notice of sale: Publication; court waiver of requirement of publication; posting; description of property.

NRS 148.230 - Public auction; postponement of sale.

NRS 148.240 - Private sale.

NRS 148.260 - Confirmation of sale: Requirement of appraisement; court waiver of requirement of appraisement under certain circumstances.

NRS 148.270 - Hearing concerning confirmation of sale: Considerations; higher offer; continuance; confirmation of sale without bids of property subject to lien or mortgage exceeding value of property.

NRS 148.280 - Conveyances after confirmation of sale.

NRS 148.290 - Sale on credit.

NRS 148.300 - Failure of purchaser to complete sale.

NRS 148.310 - Fraudulent sale: Penalty.

NRS 148.320 - Periods of limitation.

NRS 148.330 - Method of sale.

NRS 148.340 - Sale subject to claims; bond of purchaser.

NRS 148.350 - Assignment after confirmation.

NRS 148.360 - Petition for sale: Notice.

NRS 148.370 - Hearing; order authorizing sale.

NRS 148.380 - Additional bond of personal representative; agreement or option to purchase.

NRS 148.390 - Failure to comply with agreement or option.

NRS 148.400 - Procedure after compliance with agreement or option to purchase.

NRS 148.410 - Petition for order to convey, transfer or deliver property: Conditions; contents; hearing and notice; response; effect if order granted.

NRS 148.420 - Authorization of conveyance.

NRS 148.430 - Petition and notice.

NRS 148.440 - Hearing and order.

NRS 148.450 - Effect of order; execution of order.

NRS 148.500 - Authorization to exchange: Petition; notice.