Las Vegas Real Estate Real Estate in the Las Vegas Area is at an abundance, perhaps now is the time for that Las Vegas relocation adventure. Many people do not know that the 1031 Exchange allows sellers of real estate and personal property to be exempt from paying the capital gains taxes if they are “exchanging” the property they sell for a new property of “like-kind”. This code only applies to business property and investment property, not purely residential property.  RE/MAX Preferred in Las Vegas offers all Nevada  realt6y  services for the Clark County real estate area and are experts on the 1031 exchange.