Inside this issue
  State Conference registration open; Sign up today!  

The Nevada REALTORS State Conference is five weeks away! The event will offer great speakers like the local inspiration Grant Korgan. Speakers from The Nevada Independent will talk politics and take questions. REALTOR Courtney DeMarco will share her survival story; and the engaging Colorado REALTOR Natalie Davis will speak on diversity and equity issues. Word has it that the amazing WCR President Bobbi Starr Dust will also make an appearance. The event will also feature speakers from state and national REALTOR Leadership. Additionally, there will be fun, networking and giveaways for attendees!

GET your ROOM RESERVATION NOW! The room block closes this week! Don't miss Lake Tahoe in one of its best seasons!

The 2022 event, presented by title sponsor JFK Financial, marks its fifth-straight year.  It will be hosted at the Hyatt Regency in Incline Village at beautiful Lake Tahoe Sept. 22-23 with a conference-opening reception Sept. 21 at 6 p.m . The corresponding NVR BOD Meeting will also be held Sept. 21.

Please let us know if you have any questions by sending an email to: Registration for the live event is open and we encourage all members to participate. 




  LEGAL: Signing off - Proper signatories to contracts  

The article in the adjacent link addresses a popular issue often discussed on the Legal Information Line. This article was originally released in October of 2021 and is being shared again because of its importance. The NVR Legal team touches on key points during this current busy real estate era like -- Do the husband AND wife both have to sign real estate contracts?

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.



  Double-digit home price gains in Q2 erode affordability even more  

NAR Chief Economist Lawrence Yun.: Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers

Despite a slowdown in home sales, home prices continue to soar. Eighty percent of 185 major metro markets across the country posted double-digit annual price appreciation in median single-family existing-home sales prices, the National Association of REALTORS®' latest quarterly report shows. Nationwide, the median single-family existing-home price climbed 14.2% annually, reaching $413,500 in the second quarter. That marks the first time that the median home price has surpassed $400,000, NAR reports. Those figures are even higher in the Silver State.

Higher home prices and higher mortgage rates chipped away at housing affordability in the second quarter. Housing affordability declined as monthly mortgage payments on a typical single-family home (with a 20% down payment) surged by nearly a third quarter over quarter to $1,841. That's an increase of $444 compared to the first quarter and is up by $612-or 50%-compared to one year ago, according to NAR's report. Click here to read more. 



  Nominations open for 2022 NVR awards  

Nevada REALTORS® is accepting nominations for its 2022 REALTOR® of the Year Award (ROY), Nevada Distinguished REALTOR® Award (NDRA), Inspiring New Leader of Tomorrow Award (INLTA), REALTOR® Active in Politics award (RAP) and the Woodcock-Peek Legacy Award.

The deadline for the NDRA, INLTA, RAP and Woodcock-Peek Legacy awards is Friday, Sept. 30. The ROY award deadline is today - August 15. Read the individual award qualifications here and then nominate a deserving REALTOR® today! You can view the nomination application for awards by clicking here.  Then, please email Lilli Walker at NVR with your nominations.




  2022 REALTOR member profile snapshot  

The National Association of REALTORS®' 2022 Member Profile, an annual report analyzing members' business activity and demographics from the prior year was released last month. 

You can view the full report. Here are some quick facts:

  • In 2021, the typical agent had 12 transactions, up from 10 in 2020.
  • The median sales volume for brokerage specialists increased to $2.6 million in 2021 from $2.1 million in 2020.
  • 94% are somewhat or very certain they will remain active as a real estate professional during the next 2 years.