The article in the adjacent link addresses a popular issue often discussed on the Legal Information Line. NVR Legal Information Line Attorney Christal Keegan touches on key points during this current busy real estate era like -- Can a brokerage offer incentives to prospective clients, promoting the changes they purchase?
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 article on the subject by clicking here.
Association set to install Reno REALTOR Doug McIntyre as its new state President
NVR has opened registration to join 2022 President Doug McIntyre as well as NVR Officers & Directors for the 2022 Installation Dinner and NVRPAC Auction* (*for members only). Please register here on EventBrite for the Friday, Dec. 10 event. If you have questions, please contact Lillian@nvrealtors.org. Reception begins at the brand new Club at Arrow Creek at 6:30 pm. Dinner will be served at 7:30 pm.
Per Nevada and venue rules, masks are required indoors unless eating or drinking .
Existing-home sales fared strongly in October even as buyers continued to complain there aren't enough homes on the market. Existing-home sales, which are completed transactions for single-family homes, townhomes, condos, and co-ops, increased by 0.8% in October compared to September, the National Association of REALTORS® reported Monday. Compared to a year ago, however, sales are down 5.8%.
Meanwhile, the inventory of unsold homes fell by 12% in October compared to last year. A limited supply of homes for sale remains an ongoing issue for the housing market against continued strong demand among potential home buyers. Mortgage rates remain low, although rates are rising. The 30-year fixed-rate mortgage averaged 3.07% in October, up from 2.9% in September, according to Freddie Mac. Click here to read more.
Tax changes are likely coming. You've probably seen the headlines. With every new administration comes changes in the tax code. But this time it's a bit different. Because the proposed tax hikes on the table right now are the largest we've seen in America in over 40 years. So right now you are probably wondering two things:
What does this mean for you and your business?
Is there anything you can do about it?
The good news is, if you plan ahead, you can negate many of these tax increases. And just to be clear, you can do this while staying 100% compliant with the tax code. We want to share steps you can take right now to pay as little in taxes as legally possible, even with the proposed tax hikes.
