Inside this issue
  Leadership Academy wraps up third 2018 program  
  The Nevada REALTORS┬« Leadership Academy recently wrapped up its third program of the year. The program, titled "Awakening the Leader Within," was hosted Oct. 3-5 at Stanford Sierra Camp on Fallen Leaf Lake, about 15 miles southwest of South Lake Tahoe, Calif.
    The 14-member class worked through multiple sessions focused on emotional intelligence (EQ), giving and personal empowerment, and spent time working on its year-long class project. Each Leadership Academy class works throughout its year to complete a leadership project. Past projects have included donating backpacks full of school supplies to Boys & Girls Club students and increasing social media awareness for the state association. Click here to view the entire story.
 

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  Attorneys collecting commissions?  
  Nevada REALTORS┬« General Counsel Tiffany Banks has decided to touch on this topic as it seems to be an increasingly confusing issue. That confusion goes for both attorneys attempting to collect a commission, and licensees refusing to pay it. The law, NRS 645.280, governs association with or compensation to unlicensed brokers. Currently, there is no case law in Nevada on point regarding this issue. Thus, this opinion is based on the statutory interpretation available at this time. Click here to read the full opinion.  

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  Tax Cuts and Jobs Act: What it means for homeowners, RE professionals  
  The National Association of REALTORS┬« (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months, but over several years.

While NAR remains concerned that the overall structure of the final bill diminishes the tax benefits of homeownership and will cause adverse impacts in some markets, the advocacy of NAR members, as well as consumers, helped NAR to gain some important improvements throughout the legislative process. The final legislation will benefit many homeowners, homebuyers, real estate investors, and NAR members as a result. Click here to read more.
 

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  CNBC: Mortgage fraud increases as more people lie about income  
 

Home values are high, the housing market is competitive, and more buyers want to get in. As a result, an increasing number of buyers are lying and cheating.

Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic, which measures six fraud indicators: identity, income, occupancy, property, transaction and undisclosed real estate debt. One in every 109 mortgage applications is estimated to have indications of fraud. Read more by clicking here.

 

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