Inside this issue
  LEGAL FAQs: Seller's Real Property Disclosure Form (SRPD)  

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 this current Covid pandemic era like -- How does my client comply with the SRPD 10-day provision if closing is less than 10 days?

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 You can view the legal article on the subject by clicking here.



  Why Morgan Stanley is convinced housing market is not in bubble  

High demand for housing combined with low inventory has heated up the market, boosting property values and leading some to wonder if we're in bubble territory. But Morgan Stanley analysts say no. The hot real estate market and hot stock market may be evoking memories of bubbles for some. Even Treasury Secretary Janet Yellen said this week that interest rates might have to rise from the current near-zero level to prevent overheating.

Today's hot market is based off of one key thing after all - big demand and little supply - which puts the sector on "a sustainably sturdy foundation," in Morgan Stanley's view. "We are not at all suggesting that home price appreciation will maintain its current torrid pace. Home prices will continue to rise, but more gradually." Click here to read the full article from Yahoo Finance.



  Deadline nearing to apply for NAR 2022 committees  

REALTORĀ® members can apply to a 2022 Committee and help shape the direction of the National Association of REALTORSĀ®. Now through May 28, members may submit their applications in order to be considered for a committee leadership or member position. 

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.



  Where are Americans leaving, heading for?  

Silver State is among most popular landing spots

Millions of Americans relocated in 2020 and many due to the COVID-19 pandemic. College students and young adults moved home, and a new breed of remote working Americans no longer tied down to a long commute sought new places to call home.

Idaho ranked as the nation's leader for inbound moves - that is, people moving in - while New York had the greatest outbound moves - people leaving the state, according to the 2020 Atlas Van Lines Migrations Patterns Study. The annual study tracked nearly 65,000 interstate and cross-border household relocations from Jan. 1, 2020, to Dec. 11, 2020.

The following states had the highest inbound moves last year, according to the study:

  • Idaho (66.4 percent)
  • North Carolina (64.6 percent)
  • Maine (62.4 percent)
  • New Hampshire (61.6 percent)
  • Alabama (60.8 percent)

View the rest of the Top 10, see where Nevada falls and view the full article here.




  NVR, Amarki partner to add member benefit