Inside this issue
  Legal Minute video: Commissions Part I  
  Nevada REALTORS® attorneys Tiffany Banks and Christal Keegan have collaborated on the latest Legal Minute video, discussing commissions. Banks, NVR's General Counsel, and Keegan, NVR's Legal Information Line attorney, share some ideas for best practices in the new video.

The most important tool for agents and brokers regarding commissions is for both parties to have an agreement that spells out commission terms.  This video is Part I of a two-part series. Part II will be released in the coming weeks and it will focus on procuring cause. Click here to watch Part I and keep your eyes open for its upcoming sequel.


  NAR offers wide array of resources on diversity  

As America becomes more diverse, the top goal of immigrants is to own their own home. REALTORS® can help buyers of any cultural background achieve the American dream of homeownership. Knowing how to work effectively with diverse populations can help you build business success in today's multicultural real estate market.

NAR's Equal Opportunity and Cultural Diversity program offers education, grants, partnerships, and events for REALTORS®. This section provides information and tools to help you connect with diverse groups and create business opportunities. Learn more here about the business case for diversity and inclusiveness, discover leadership opportunities, and find out about fair housing and equal opportunity. Additionally, this Realtor Magazine article reiterates '3 Ways to Boost Your Business With Diversity.'



  Census Bureau, NAR announce partnership in promotion of 2020 Census  

The United States Census Bureau has designated the National Association of Realtors® as a National Partner for the upcoming 2020 Census. With the Bureau seeking to enlist the support of various national organizations, NAR is asking the 1.4 million Realtors® nationwide to help drive Census participation in their respective communities.

In addition to determining appropriate Congressional representation, roughly $1.5 trillion is allocated to states and localities annually based off of Census results - delivering funds for roads, hospitals, schools and countless other public services. More specifically, this year's results will influence the allocation of $93.5 billion to Federal Direct Student Loans, $19.3 billion to Section 8 Housing Choice Vouchers and $12 billion to the National School Lunch Program. Click here to read more.



  NVR welcomes Amarki as a Member Benefit Partner  
  Nevada REALTORS® is excited to announce a new partnership with Amarki, a marketing platform provider. Amarki will be a new member of NVR's Member Benefits Program in 2020. 

With one platform, Amarki combines all things marketing to help REALTORS® connect with their audience in meaningful, innovative ways across print, social, email, advertising and everything marketing related. Amarki makes prospecting and property marketing easy.  It has everything from single-job processing capability to fully automated, data driven campaigns. The materials one can create for real estate marketing are limitless

NVR's members will receive a 70 percent discount from standard pricing rates. To learn more about Amarki and sign up for a free account, click here

Top Weekly mortgage applications soar 30%  

Homebuyer demand hits highest level in 11 years

It was a seriously strong start to 2020 in the mortgage business for new home loans and refinances. Total mortgage application volume surged 30.2% last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Refinancing led the surge, thanks to a drop in mortgage rates. Those applications jumped 43% for the week and were 109% higher than a year ago. The refinance share of mortgage activity increased to 62.9% of total applications from 58.9% the previous week. Click here to read more.