Inside this issue
  UPDATE: Guidance on Tenant-Occupied Inspections in Contract or Lease  
By Christal Park Keegan, NVR Legal Information Line Attorney
An overwhelming number of questions from our members into the Legal Information Lines seek guidance on executing due diligence terms on tenant-occupied homes in contract or performing periodic inspections of units during leases.  As of October 1, Directive 033 finally allowed inspections of tenant-occupied homes with the following guidelines provided by the Nevada Real Estate Division:
If a property is in escrow, upon 24-hours notice to the tenant, a property owner may allow a potential buyer to authorize a licensed inspector access to inspect the property.

If a property manager wants to inspect the property as part of their periodic walk-thrus, the property manager must give the tenant 24-hours notice. Click here to read more measures and view the full article.


  Review real estate division's open house guidelines  
  While the Governor's newest announcements did not affect real estate and open houses, we encourage all REALTORS® to discuss with their clients the safety precautions issued by the Nevada Real Estate Division on open houses. Please click here to review those guidelines.

Click here to read the NVR legal article published Sept. 30, following the Governor's decision to allow open houses.


  Taxbot, NVR partner to offer Dec. 2 webinar  

Check out the Taxbot webinar "$10,000 in 10 minutes." Taxbot took seven strangers and found $10,000 in missing deductions on their tax returns -- and it took less than 10 minutes in each case. Would you like to know the exact deductions Taxbot was looking for?  Register for the free webinar and see the specific questions asked, and see if Taxbot can save you $10,000 as well. 

Register for the Wednesday, Dec. 2 (10 a.m.) webinar with NVR member benefit partner Taxbot and learn how to save more on your taxes. Click here to learn more.



  Bundle Up! Winter's home-buying game has changed.  

Savvy home buyers know that winter is typically a good time to embark on a house hunt, since much of their competition stays holed up at home until spring. But this winter, buyers might notice that despite the cold and the holidays, they've got company.

Lots of it, in fact ... As a result, this winter is shaping up to be a seller's market, with low real estate inventory, high prices, and bidding wars that could give buyers a major run for their money. Continue reading the story by clicking here.



  REALTOR® Magazine: Build your business on data, not your charm  

The biggest truth in real estate is simple: The best way to succeed is to be genuine and to demonstrate honest and informed communication. Leigh Brown, ABR, CRS, broker-owner of One Community Real Estate in Concord, N.C., and NAR 2021 vice president of advocacy, explained how best to do this in her Wednesday (11/18) session, "Substance Over Ego: Build Your Listing Presentation With Data," during the virtual 2020 REALTORS® Conference & Expo.

Brown used her time to speak against the hubris some pros fall victim to when trying to anticipate the needs and expectations of their clients. She said the question nobody wants to ask is the exact question all practitioners should be asking. Click here to read the full article.



  NAR reaches agreement with DOJ on MLS and commissions rules  
  Last week, NAR reached an agreement with the U.S. Department of Justice to develop rules that more explicitly state what is already the spirit and intent of NAR's Code of Ethics and MLS policies regarding providing information about commissions and MLS participation. Our rules and policies have long been recognized for creating a competitive and efficient market that benefits home buyers and sellers.

This agreement resolves the DOJ's questions about the multiple listing service (MLS) and commissions and enables NAR to remain focused on supporting our members as they preserve, protect, and advance the American dream of homeownership. NAR 2021 President Charlie Oppler released a brief video message, below, regarding the agreement. Click here to read more.