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 -- does a seller's counter offer create exclusivity or can a seller be forced to perform on a counter?
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.
Nevada REALTORS® invites its members from across the state to check and update their personal profiles in RAMCO, which members can log into at NevadaRealtors.org. Members can also contact their local associations to provide updated account information.
It is vital that members keep their profile information -- including their current email address -- up to date. Current contact information allows NVR and NAR to reach members with important information regarding billing, Calls to Action and upcoming events. Additionally, without a current email address, members could miss out on valuable information from NVR's weekly newsletter and the Advocate, which focuses on statewide legislative news.
If you have further questions or concerns about keeping your member account updated, you can inquire by email at Info@NVRealtors.org.
National Association of Realtors® President Leslie Rouda Smith issued the following statement after the Federal Housing Finance Agency (FHFA) yesterday unveiled 2022 loan limits for Fannie Mae and Freddie Mac. GSE loan limits rose by 18.05% to $647,200 nationally and $970,800 in high-cost markets, while an announcement from the Federal Housing Administration is expected in the coming weeks. NAR's latest Existing Home Sales report showed the median existing-home sales price increased 13.1% year-over-year to $353,900. From one year ago, the inventory of unsold homes decreased 12% to 1.25 million - equivalent to 2.4 months of the monthly sales pace.
The FHFA's limits define the maximum one unit single-family mortgage amounts that Fannie Mae and Freddie Mac may finance and are also used to define the loan limits for the FHA's program. Click here to continue reading.
Consolidation and reshuffling are having a big impact on the real estate industry. T3 Sixty, a real estate consulting and analytics firm, highlights consolidation as one of the big trends to watch in the new year. T3 Sixty released its 2022 Swanepoel Trends Report, a 220-page study of the top trends that are expected to shape the residential real estate brokerage industry over the next two years.
Click here to learn more about the trends highlighted in this year's report