The NVR State Conference is coming to you FREE and ALL VIRTUAL! Don't miss great speakers like Amy Blankson, Robert Morris and Jon Ralston as well as speakers from state and national REALTOR Leadership, including Kenny Parcell, who will serve as NAR President in 2023! There will still be Fun! Networking! And Giveaways to participants!
September 30th and October 1st!
While Covid continues to once again transform and affect travel and meetings across the country, the health and safety of our members is paramount. NVR will still host the event, now as a free virtual conference much like the very successful state conference hosted virtually last year. The corresponding NVR BOD Meeting will be held virtually as well.Please let us know if you have any questions by sending an email to info@NVRealtors.org. If you have already registered, your refund will be processed this week.
Registration for the virtual event is available FREE and we encourage all members to register by clicking here.
FEMA recently updated the flood ratings in Nevada with "Risk Rating 2.0." Past NVR Vice President and RSAR President Mark Ashworth, said this about the update, "As in all things of this nature, there are winners and losers."
He provided Nevada REALTORS with the updated document and provided NVR with an abbreviated layman's summary of its contents:
There are 10,600 properties in NV currently insured for flood loss by the NFIP
***When implemented, the "Risk Rating 2.0" plan aims to: (amount determined by the risk)
2,195 properties will receive a lower rate
7,808 properties will receive a rate increase of up to $10 per month ($120 annual)
304 properties will receive an increase of up to $20 per month (240 annual)
Of course, agents with clients owning properties which carry flood insurance through an NFIP policy should check with their insurance agent for an update on the rate and annual premium. Additionally, it would be prudent to check the NFIP website on all listings to ensure they have not been moved into a higher-risk status.
Ashworth reminds us that a property owner may "challenge" the NFIP rating system with an elevation certificate. Such certificates are obtained through a surveyor. To challenge the NFIP rating a "LOMA" Letter of Map Amendment" is needed. Go here to learn more about the "LOMA" letter.
Due in part, to the efforts of the NAR Insurance Committee, Nevada Home Owners may now have an alternative to the NFIP program through access to private flood insurance Carriers who may offer more attractive rates for flood insurance. Check with your Insurance Agent for carriers, access and rates. Click here to view some top flood insurance companies in the U.S.
You can also view a recent NVR legal article on the flooding subject authored by Legal Information Line attorney Christal Park Keegan by clicking here.
Lastly, NAR will be hosting a LIVE event with David Maurstad, CEO of FEMA, on August 23 from 9 a.m. to 10:30 am PDT. Your help and attendance in this conversation is encouraged. Click on the image for the registration link.
Nevada REALTORS community service partner RALI to serve as webinar host
Join State Assemblywoman Natha Anderson, NAMI Nevada, Southern Nevada Building Trades Union and the PACT Coalition for a discussion about mental health and recovery during the COVID-19 era. The Rx Abuse Leadership Initiative (RALI) is an alliance of local, state and national organizations committed to finding solutions to end the opioid crisis. As we navigate the challenges of COVID-19, RALI continues to work to address the opioid epidemic while at home.
The COVID-19 pandemic has impacted those struggling with addiction and those managing their recovery in a number of ways. RALI Nevada is bringing together community leaders to discuss how we can actively support and protect our loved ones from opioid misuse, even from home. Click here to register for the webinar, which is scheduled for Monday, August 26 at 3:30 p.m. PDT
