By Christal Park Keegan, NVR Legal Information Attorney
The article in the adjacent link addresses a popular issue often discussed on the Legal Information Line. NVR Legal Information Line Attorney Christal Keegan answers prevalent questions during the current multiple-offer environment like -- What is entailed in a formal rejection of a contract offer?
Do you know how Nevada law reads on the subject? Read this short legal-themed FAQ article and learn all you need to know. If you have any questions, please email the Legal Information Line at InfoLine@NVRealtors.org. You can view the Legal FAQ document on the subject by clicking here.
REALTOR® members can apply to a 2022 Committee and help shape the direction of the National Association of REALTORS®. Now through May 28, members may submit their applications in order to be considered for a committee leadership or member position.
The deadline was recently changed. It was originally set for May 7, but extended three weeks later to reflect the new later date.
NVR members are encouraged to submit multiple applications (up to five) in order to be considered for all committees they have an interest in serving on. However, members will only receive one appointment, per current policy. Applications are compiled for review by NAR Officers during the NAR committee selection process.
To the extent possible, the composition of committees shall be representative of the general membership. While broad-based representation is desirable, this should not be construed as limiting the president from appointing the most knowledgeable and competent individuals available to serve on committees. Click here to apply for an NAR committee.
The COVID-19 pandemic has caused a mass disruption to the way people live and work and prompted sweeping economic fallout felt throughout the world. Global leaders are still coming to grips with the long-term impact to the real estate industry.
COVID-19 has accelerated many existing trends, including digitalization, dispersed working, and online shopping, panelists said at a webinar on Wednesday highlighting the Urban Land Institute's newly released "Emerging Trends in Real Estate Global Outlook 2021" report.
The Asia Pacific region appears to be leading the recovery globally compared with many Western economies, researchers note. That has prompted more global investors to increase their allocations of capital to the region. But the U.S. is also posting growth to many of its real estate sectors and seeing some evolve to better compete in the post-pandemic world. Read more about a few of the trends highlighted in ULI's report by clicking here.
While the COVID-19 pandemic has rocked the economy, the housing market has defied all predictions by remaining strong. Unlike the last financial crisis, home prices are soaring to new heights, there isn't a vacant home in sight, and few struggling homeowners have lost their homes to foreclosures.
At the start of the pandemic, the federal government staved off a potential foreclosure crisis by allowing many homeowners who could no longer make their mortgage payments to enter a forbearance period. About 2.5 million homeowners were still in forbearance at the end of March this year, according to the Mortgage Bankers Association. These homeowners, most of whom lost jobs or hours due to the pandemic, were permitted to pause paying their loans every month until their forbearance period ends as they try to get back on their feet. Read the full article by clicking here.