Nevada Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties

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US-OG-436
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Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties, this form is is a outline of the acquisition representing the sellers and buyers in the sale of producing properties in the dealing with oil, gas or minerals.

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  • Preview Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties
  • Preview Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties
  • Preview Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties
  • Preview Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties

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FAQ

NRS 113.110 Conditions required for ?conveyance of property? and to complete service of document. NRS 113.120 Regulations prescribing format and contents of form for disclosing condition of property.

The Statutes of Nevada are a compilation of all legislation passed by the Nevada Legislature during a particular Legislative Session. The Nevada Administrative Code (NAC) is the codified, administrative regulations of the Executive Branch.

The seller's real property disclosure must be completed, signed by the seller and furnished to the purchaser or purchaser's agent no less than ten days before the property is scheduled to close.

The purpose of the disclosure is to make the buyer aware that the property is subject to a Private Transfer Fee Obligation (PTFO) which will require the buyer, upon conveyance of the property by the seller, to pay either a one-time fixed amount or a one-time percentage of the purchase price to a third party payee.

SELLER'S REAL PROPERTY DISCLOSURE FORM.

NRS: CHAPTER 119 - SALE OF SUBDIVIDED LAND: LICENSING AND REGULATION.

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Nevada Outline of the Acquisition Process Representing Sellers and Buyers in the Sale of Producing Properties