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LEGAL: "As Is" -- What does this really mean?
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By Tiffany Banks, NVR General Counsel
 What does it mean when a property is being sold as is? Does that mean that the buyer takes the property as it is with any defects it may have? What does that mean for the seller? Does the seller say once the property is transferred, they are free of any risks and liabilities because I sold it this way? We are seeing more properties being sold this way and wanted to break down these issues so you as a REALTOR® can understand what this means for your client.
So, what DOES "as is" mean? The simplest way to explain this is that by selling the property as is, the seller is saying that they won't make any repairs. It is that simple. Sellers still have to disclose all known material facts and defects relating to the property. Click here to read the full article. |
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Inman Connect discount offered to NVR members
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.png) For the first time ever, Inman Connect is coming to Las Vegas for a week-long exploration of residential real estate, present and future. The event will feature inspiring speakers, engaging conversation and A+ networking. As a valued member of Nevada REALTORS, we want you to join us! Use code NVAR19 at check out to save 10% on ANY Connect Las Vegas ticket. Click here to use the discount code and register. |
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Apps You're Probably Not Using-But Should
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Industry leader presents the top tech tools to REALTOR® Magazine during MRED conference in Chicago
 Have you ever walked a neighborhood with a buyer and wished the listing details of each home on the market would pop up on your phone as you stroll? There's an app for that.
A myriad of useful apps and tech tools were highlighted Tuesday at MREDpalooza, a Chicago-based conference hosted by Midwest Real Estate Data, one of the country's largest MLSs. At one session, Dave Phillips, vice president of industry relations at realtor.com®, ticked off several tools that aim to help real estate professionals simplify communication with clients, add depth to the customer experience, and improve online visibility. Read more of the REALTOR® Magazine article by clicking here. |
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Harvard report shows strong housing market, but low-income renters struggle
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Annual report touches on rising land value,
growing housing shortage in Silver State
.jpg) Harvard's Joint Center for Housing Studies provides an annual deep dive into America's living situation with its State of the Nation's Housing report. The 2019 edition, released today, suggests a number of trends both positive and negative continue to create a country of housing haves and have-nots.
The humming economy has led to steady growth in household formation, which in turn has kept housing demand strong. Homeownership is ticking upward as a result, yet the increase in homeownership hasn't put a damper in rental demand, thanks to a growing number of high-income earners who choose to stay renters. Click here to read more of the Curbed.com article.
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SB230, UPDATE: Nicknames and Advertising
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 During the 2019 legislative session, Nevada REALTORS® was able to carry one piece of legislation. SB230, addressing REALTOR® professionalism standards, was passed and signed into law by Governor Steve Sisolak last month.
UPDATE: The most Frequently Asked Question: Do I need to use my license number on advertising even if I don't use a nickname? The answer is yes. All advertising will need to include your license number. See additional details in the full article, accessible by clicking here. Watch your weekly eNews newsletter for additional guidance and FAQs in coming weeks. Please call the Legal information Line 800-748-6999 with your questions, and we will update those most frequently asked questions in future update.
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