Inside this issue
  LEGAL: Sharing home inspection reports  
By Christal Park Keegan, NVR Legal Information Line Attorney
Are listing agents allowed to share home inspection reports in future transactions?

While Nevada law does not explicitly require the actual home inspection reports to be shared in future deals like our neighbors in California do, our statutes certainly require the seller, who now has the knowledge gained from those reports, to disclose the known material defects to new buyers (Seller's Real Property Disclosure, NRS 113.130 and 113.140). 

Because home inspection reports are typically lengthy and detailed, a best practice would be to provide the report in its entirety to future buyers so the seller does not miss anything that could come back to haunt them.  But, before doing so, there are best practices to ensure the report is not improperly shared. Read all about those and more by clicking here.


  Legal Minute Video: Update on Nevada's Eviction moratorium  
  The video in the adjacent link discusses a popular issue often discussed on the Legal Information Line. The topic involves Nevada's eviction moratorium. It lapsed recently but the CDC's eviction moratorium is still in place. 

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.


  Pandemic caused buyers to seek multi-generational homes, sellers to sell faster  

The coronavirus pandemic initiated several shifts in America's housing market over the past eight months. Changes in the behaviors of home buyers and sellers were especially notable as buyers' usual tendencies altered, and the urgency to sell accelerated.

This is according to new data from the National Association of Realtors®' 2020 Profile of Home Buyers and Sellers, a yearly report which discusses demographics, preferences and experiences of buyers and sellers across America. Click here to learn all about the profile report.



  NAR: We don't tolerate hate  
Association approves recommendations from Professional Standards Committee
NAR's Board of Directors Friday strengthened REALTORS®' commitment to upholding fair housing ideals, approving a series of recommendations from NAR's Professional Standards Committee that extend the application of Article 10 of the Code of Ethics to discriminatory speech and conduct outside of members' real estate practices.

Article 10 prohibits REALTORS® from discriminating on the basis of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity in the provision of professional services and in employment practices. The Board approved a new Standard of Practice under the Article, 10-5, that states, "REALTORS® must not use harassing speech, hate speech, epithets, or slurs" against members of those protected classes. Click here to read the full article.