The article in the adjacent link addresses a popular issue often discussed on the Legal Information Line. NVR Legal Information Line Counsel Gina Session touches on a key issue during this current real estate era -- does a sales agent in Nevada, working as an independent contractor for a brokerage, need a business license?
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.
The Nevada REALTORS® Political Action Committee (NV RPAC) Trustees are now accepting applications for individuals interested in serving as trustees. Trustees are responsible for determining which candidates running for the Legislature or statewide offices in Nevada support private property rights and for allocating PSF investments to those candidates. New terms will begin Jan. 1, 2023; the terms for these positions will be three years. Applications must be filled out and returned to NV REALTORS® no later than Monday, Nov. 7, 2022. Applicants must be available for interviews. Any questions regarding the application or for more information contact Nevada REALTORS® Lilli Walker via email or call 775.829.5911. Applicants must meet minimum qualifications to apply for an open NV RPAC trustee position. The Trustees must:
be a member of the Nevada REALTORS® (NVR);
be a registered voter in Nevada;
have served in one or more of the following positions in the past four years:
local association political affairs committee or equivalent; or local PAC orequivalent; or NV REALTORS® RPAC, REALTORS® of Nevada Protection Trust Fund (RNPF) committee or Legislative committee.
NAR Federal Political Coordinator
served on a governmental affairs related committee of the National Association of REALTORS®
For Trustee Application and eligibility, click here.
Nevada REALTORS will be opening registration later this fall to join 2023 President Tom Blanchard as well as NVR Officers & Directors for the 2023 Installation Dinner and NVRPAC Auction* (*for members only). If you have questions, please contact Stephanie@NVRealtors.org.The event is scheduled for Dec. 9 at the M Resort in Henderson.
Nevada REALTORS looking for future leaders to fill upcoming class roster
Nevada REALTORS members ... applications are now available to apply for the state association's highly acclaimed Leadership Academy. The program meets four times a year in various locations while addressing a variety of areas of personal and business growth, including public speaking and team building.
NVR is committed to identifying and cultivating leaders for the future of the real estate profession in Nevada. The Leadership Academy program is an exciting way to accomplish this vision by encouraging participants with motivational activities and assisting in sharpening their leadership skills in the hope they will exert a strong positive influence on the future of the profession and the Association. Click here to learn more about the program and access the link to the new application.
Consumers are facing economic pressure from every angle-rising mortgage rates, stubbornly high inflation, a battered stock market-and the financial environment keeps getting worse for aspiring homeowners who want to buy. With mortgage rates averaging 6.92% this week-the highest they've been since April 2002-"people need to earn $40,000 more in order to afford the median-priced home compared to a year earlier," Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®, writes on the Economists' Outlook blog.
Making matters even more difficult, Evangelou writes, "the salary of the typical American has only increased by $2,300 in the last 12 months. For prospective first-time home buyers, it's a double-whammy. It's not just mortgage rates. Rents continue to escalate while nearly half of the renters are already cost-burdened." In September, consumer prices increased by 8.2%, and rents surged by 7.2%-the fastest pace in 40 years. The pressure is causing more housing markets to plummet from record highs this past spring. Click here to read the full article.