A Two-Part Special on How to Count Days in Contracts & Resales
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 touches on key points during this current busy real estate era like -- How to count days in contracts and resales?
The Legal Information Line consistently receives questions asking for clarification on when the clock starts ticking for calculating contingency periods, CIC resale windows, etc. This article aims to provide guidance to those questions so that agents can put their client in the best position to preserve monies deposited and/or to exercise contractual rights to cancel accordingly. 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.
Association set to install Reno REALTOR Doug McIntyre as its new state President
NVR has opened registration to join 2022 President Doug McIntyre as well as NVR Officers & Directors for the 2022 Installation Dinner and NVRPAC Auction* (*for members only). Please register here on EventBrite for the Friday, Dec. 10 event. If you have questions, please contact Lillian@nvrealtors.org. Reception begins at the brand new Club at Arrow Creek at 6:30 pm. Dinner will be served at 7:30 pm.
The room rate -- for the Renaissance Reno Downtown Hotel & Spa -- is $179 per night (12/8, 12/9 & 12/10). Hotel registration can be completed here. The deadline to make room reservations is Nov. 17.
Per Nevada and venue rules, masks are required indoors unless eating or drinking .
NVR Attorney Christal Keegan/Nevada Half Marathon, Lake Tahoe
Please join NVR LIL Attorney Christal Keegan on a 30-minute run/walk at the upcoming National Association of REALTORS® Conference in San Diego!
When? Thursday, November 11 promptly at 7:30 AM - followed by coffee and donuts in NVR's Executive Suite at 8 AM.
Where? Out/back course along the Embarcadero to accommodate all fitness levels.
Sign up in advance! by emailing the Legal Information Line infoline@nvrealtors.org; additional information will be emailed directly.
*All participants agree to waive and release Nevada REALTORS® and their representatives from all claims or liabilities of any kind arising out of participation in this run understanding that participants have voluntarily elected to run in this event.*
Nevada REALTORS® will hold its annual membership meeting on Friday, December 10, 2021, starting at 9 a.m. The meeting will be held just prior to NVR's regularly scheduled December BOD meeting at the Renaissance Reno Downtown Hotel and Spa.
All Nevada REALTORS® members are invited to attend the meeting and ask questions of the association's executive team. Additionally, members are always invited and encouraged to educate themselves on NVR by contacting our office. You can contact NVR at Info@NVRealtors.org at any time, and your message will be forwarded to the appropriate person.
Las Vegas market slots in at No. 4 on ATTOM's list
ATTOM's most recent Q3 2021 U.S. Home Sales Analysis reported that profit margins on median-priced single-family home and condo sales across the U.S. in the third quarter reached the highest level since the end of the Great Recession a decade ago, jumping to 47.6 percent. According to ATTOM's latest home sales report, the typical home sale across the country in Q3 2021 generated a profit of $100,178, as the national median home price hit a record of $310,500. The reported noted the latest profit level was up from $88,800 in Q2 2021 and $69,000 in Q3 2020, also a new high.
The report stated that those gains raised the typical home seller ROI from 42 percent in Q2 2021 and 34.5 percent in Q3 2020, marking the biggest quarterly jump since 2014 and the biggest annual surge since at least 2008. Click here to read the full article.
