By Christal Park-Keegan, NVR Legal Information Line Attorney
The article in the adjacent link addresses a popular issue often discussed on the Legal Information Line. NVR Legal Information Line Attorney Christal Keegan answers prevalent questions about waiving contingencies and best practices -- My buyer wants to make their EMD non-refundable or waive the appraisal contingency. What should I do?
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 FAQ document on the subject by clicking here.
Every April, REALTORS® commemorate the passage of the Fair Housing Act of 1968 with events and education that shine a light on housing discrimination and segregation. Fair Housing Month signifies a recommitment to expanding equal access to housing. Implicit bias is often a manifestation of muscle memory. A go-with-your-gut unconscious choice, act, or opinion with immeasurable consequences that can-and have-impacted generations.
Slow down, course correct, and take action. Throughout the year we must remain steadfast in our commitment breaking down biases, holding ourselves accountable, and upholding the letter of the law. So, refresh your memory, and open your mind. There's always more to know, and we can all do better. There are book and video recommendations to help you. NAR has fair housing podcasts and articles that can give you insights. Learn more by clicking here.
During the pandemic, many real estate agents had their busiest year ever. There were millions of people who suddenly needed more space, no longer wanted to be "stuck" in cities they had moved to for work or school, or finally had an opportunity to get their dream home at a great price and with a crazy-low mortgage rate. But there was just one, small snag: A pandemic that made in-person meetings a no-go. Showings and open houses were replaced with lockdowns, flight bans, quarantines, social distancing, and travel restrictions.
As the industry faced its biggest challenge-and highest demand-yet, we were pleasantly surprised to find that real estate could function very well using a simple tool we all had on hand: Our phones. Virtual deals are a trend that will only grow. Click here to read more about why that is according to this Forbes article.
REALTOR® members can apply to a 2022 Committee and help shape the direction of the National Association of REALTORS®. Now through May 7, members may submit their applications in order to be considered for a committee leadership or member position. NVR members are encouraged to submit multiple applications (up to five) in order to be considered for all committees they have an interest in serving on. However, members will only receive one appointment, per current policy. Applications are compiled for review by NAR Officers during the NAR committee selection process.
To the extent possible, the composition of committees shall be representative of the general membership. While broad-based representation is desirable, this should not be construed as limiting the president from appointing the most knowledgeable and competent individuals available to serve on committees. Click here to apply for an NAR committee.
