Nevada Revised Statutes 118B.1837 – Person who determines fair market value of manufactured home to comply with certain guidelines
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A person who makes a determination of the fair market value of a manufactured home pursuant to the provisions of NRS 118B.130, 118B.177, 118B.180 or 118B.183 shall make such determination in compliance with the guidelines of:
Terms Used In Nevada Revised Statutes 118B.1837
- Appraisal: A determination of property value.
- 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
1. The most current edition of the Manufactured Housing Cost Guide of the National Automobile Dealers Association; or
2. The Manufactured Housing National Appraisal System of the National Automobile Dealers Association.