Nevada real estate glossary
Nevada Real Estate Terms, Simply Explained
Plain-language definitions for buyers, sellers, and investors in Las Vegas and statewide—written by Dr. Jan Duffy, REALTOR®.
Call (702) 842-1192Browse terms
SID / LID assessment
A special assessment tied to infrastructure in a district—often paid monthly on top of your mortgage.
Read full definition →Seller Real Property Disclosure (SRPD)
Nevada’s standard seller disclosure form covering property condition, systems, and known material facts.
Read full definition →Earnest money deposit
Good-faith funds held in escrow after offer acceptance; applied toward closing or handled per contract if the deal ends.
Read full definition →HOA resale package
Documents from the homeowners association summarizing dues, rules, reserves, and litigation affecting the property.
Read full definition →Escrow
Neutral third party that holds funds and documents until all contract conditions are met for closing.
Read full definition →Title insurance
Insurance that protects against covered title defects recorded before the policy date.
Read full definition →Contingency
A contract condition that must be satisfied—or waived—for the transaction to continue.
Read full definition →Closing costs
Fees paid at settlement beyond the purchase price—title, escrow, recording, prepaids, and lender charges.
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Ask Dr. Jan Duffy Las Vegas real estate questionsDr. Jan Duffy, REALTOR® · In real estate since 1983
9406 W Lake Mead Blvd, Suite 100, Las Vegas, NV 89134