Inside this issue


  Legal Minute: Earnest Money disputes  

The video in the adjacent link discusses a popular issue often discussed on the Legal Information Line. The topic involves earnest money disputes. 

Do you know how Nevada law reads on the subject? Watch the short Legal Minute video and learn all you need to know.  If you have any questions, please call the Legal Information Line at 800-748-6999. Click here to watch the video.


  Home of the Brave: A Look at Active Military and Veteran Homeownership  

Differences in household composition and financing options incentivize homebuying demand for veteran and active military, according to the 2018 Veterans & Active Military Home Buyers Profile, which evaluated the differences of recent active-service and veteran home buyers and sellers to those who have never served.

The results revealed quite a few contrasts between active-service military buyers and buyers who have never served. At a median age of 34 years old, the typical active-service buyer was a lot younger than non-military buyers (42 years old) and was more likely to be married and have multiple children living in their household. Active-service members typically bought a larger home that cost more than those purchased by both non-military buyers and veterans.

Despite lower median incomes ($84,000), more stable job security and no down-payment financing options give aspiring military homeowners an advantage over their civilian peers. Fifty-six percent of active duty and 41 percent of veterans put no money down when buying a home, compared to 7 percent of non-military. Click here to read more.



  Nerdwallet: 5 Ways to Get the Best VA Mortgage Rates  

Polish your credit, compare quotes, and look for discounts from state loan programs to get the best VA mortgage rate

For service members, veterans and their families, it's hard to beat VA mortgage rates. VA loans are insured by the U.S. Department of Veterans Affairs and available to most vets, active-duty military, reservists, members of the National Guard and surviving spouses of deceased veterans.

Rates on VA loans are usually lower than conventional loan rates, but they can still vary by lender and your financial situation.

Follow these five tips to set yourself up for a great VA mortgage rate ... To read the tips and the rest of the story, click here.



  See NRED's updated info on 'Computing Time'  
  The Nevada Real Estate Division issued an updated Informational Bulletin #33 that discusses Computing Time in NRS 116. Chapter 116 contains many references to a number of days. Some specifically discuss calendar, others business and some just say 'days'. Take your time and read the bulletin carefully so you are sure to understand how the Division is interpreting calendar and business days throughout that chapter. If you have any questions about this, call the Legal Information Line at 800-748-6999. 

Click here for the complete updated bulletin.