Inside this issue
  Three Days Grace: New Late Fee Law  
 

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 touches on key points during this current busy real estate era like -- Do landlords have to notify tenants of the new law that only allows late fees be charged three days after rent is due?

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.

 

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  LGBTQ+ Alliance set to host September conference in Las Vegas  
 

The LBGTQ+ Alliance is holding its first conference Sept. 22-24 in Las Vegas at the new Resorts World Resort. The event will feature a wide array of industry speakers, including NAR Chief Advocacy Officer Shannon McGahn, Anthony Hitt, CEO of Engel & Volkers Americas and Mark Fleming, Chief Economist for First Centennial Title, among many more. A full list of speakers and a conference agenda is available. Click here to be directed to the registration page.

NAR announced earlier this year a new partnership with the LGBTQ+ Real Estate Alliance. The collaboration will allow the groups to identify training opportunities that cultivate LGBTQ+ leaders and mobilize members in support of mutually beneficial federal policies, among other pro-LGBTQ+ and real estate industry initiatives.  Read more about the partnership here.

 

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  Where affluent Generation Xers are moving  
 

Nevada shows up 10th on the list; California winds up dead last

In a 2021 report, the National Association of Realtors says that Gen Xers make up 24% of homebuyers from the past year, the highest of any generation in that time frame. The report also ranks the age group as the highest-earning generation out of all other homebuyers, with a median income of $113,300 in 2019. 

Having a higher income allows for the potential to invest more money and be better prepared for retirement. Some states have attracted more high-earning Gen Xers in recent years and a new study by SmartAsset analyzed data to identify the top states to which Gen Xers who make at least $100,000 per year are moving. Click here to continue reading.

 

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  NVR partner Amarki to host webinar Thursday  
 

Click here to register in advance for this meeting.

 

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  Save the Date  
 
 

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