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NVR members earn RPAC Hall of Fame status
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 The REALTORS® Political Action Committee, or RPAC, - a national bipartisan grassroots-based political advocacy organization - will be adding more Nevada honorees to its Hall of Fame.
In fact, five Nevada REALTORS® members will be inducted into the RPAC Hall of Fame in May 2021 honoring their investments and support. Additionally, three other NVR members (Jack Woodcock, George Peek, and Nancy Anderson) will be honored for continued investments and moving into a higher tier.
Judie Woods (LVR), Cheryl Delehanty (LVR), Greg Martin (ECAR), 2021 NVR President Brad Spires (SNR) and NVR CEO Teresa McKee comprise the group of incoming inductees. The fivesome will be among the RPAC Hall of Fame's newest members when they are officially recognized this spring. They all have joined the $25,000 tier. Click here to read the full story. |
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NAC 645 Regulation Changes
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By Tiffany Banks, NVR General Counsel
 The long-awaited Real Estate Division's guidance on continuing education credits is here. As you are all probably aware, there were many changes this last legislative session to NRS 645.
As a result, the commission adopted regulations on certain areas of the law. Those regulations on pre-licensing, continuing education requirements, limited continuing exemptions, property management permit continuing education requirements and license number, advertising and use of nicknames are all addressed in the new regulations.
Last week, the Division issued an information bulletin with a summary of the newly adopted regulations as well as some of the most frequently asked questions that go along with it. For more information, continue reading this article by clicking here.
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Next wave of "That's Who We R" 2021 ad campaign now live
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 The National Association of Realtors® unveiled today the newest iteration of its successful "That's Who We R" national branding campaign. Created in partnership with Havas Chicago, the series of television spots emphasize the positive impact Realtors® have on their clients and the communities they serve. The campaign advances NAR's advertising strategy to further distinguish Realtors® - members of the National Association of Realtors® and guided by the association's Code of Ethics - from non-member agents and listing apps.
In the new spots, doors serve as a framework and catalyst for realistic stories of human partnership that help unlock future possibilities, rooted in property transactions. The new commercials use an exciting visual technique that provides consumers a peek into a future state where clients are seen living their dreams of buying a home or running a business. Consumers will relate to the human relationships between the Realtor® and their clients, and perhaps even recollect their own "a-ha moment" of when they viewed a property and envisioned a better life for themselves, their family or their business. Attention-grabbing visuals work together with breakthrough scripts to reinforce the value Realtors® bring, as well as the lifestyle benefits and emotions that property ownership can unlock. Click here to read more, including how to view the new spots. |
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Homeowners borrowing more than ever, mortgages climb to new highs
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 Why is the size of mortgage loans climbing? Americans are borrowing more money to buy homes. In fact, according to recent data from the Mortgage Bankers Association (MBA), the average purchase loan amount has hit a new record high.
There are a few reasons borrowers are taking out larger mortgage loans. If you're considering joining them, be cautious about how much you borrow. You don't want to get in over your head with this major financial obligation. The MBA recently reported the average home loan for a new purchase hit a new record high of $395,200. Loan amounts have slowly climbed towards this record since April 2020. Read more of this story from The Ascent by clicking here. |
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