News You Can Use
Resources to Navigate the New Mortgage Rules
New mortgage rules roll out today and they’re expected to have sweeping changes on real estate closings. Starting on Oct. 3, the TILA-RESPA Integrated Disclosure rule is to go into effect, which will merge the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure. Here is a list of resources to keep you and your clients informed
One Minute Analysis: AB 386 Squatter Issue
By Tiffany Banks, NVAR Legal Counsel
The issue of squatters taking over vacant homes has become a concern for many Nevadans. Many states prohibit landlords from using “self-help” measures to remove these squatters. This last legislative session, the issue of how Courts handle the eviction of squatters was mixed. Without a specific process in place, Judges were using various sections of Chapter 40 in order to remove squatters. This bill attempts to carve out a detailed process by which a squatter can be removed from a dwelling
NAR Announces Little Red Book
NAR is proud to announce the creation of their newest product, The Little Red Book: Safety Rules to Live By for REALTORS®, as part of their emphasis on a year of safety, not just a month of safety. This product focuses on the instructions, philosophies and rules members of NAR utilize to empower themselves, become more aware and safe as real estate practitioners
Opportunity to Serve on Nevada REALTOR®'s Political Action Committee (NV RPAC)
The Nevada REALTORS® Political Action Committee (NV RPAC) is now accepting applications for individuals interested in serving as trustees. Trustees are responsible for determining which candidates running for state and federal offices in Nevada support private property rights and for allocating PSF contributions to these candidates. The NV RPAC trustees are seeking candidates from GLVAR, RSAR and ECAR who are interested in serving as trustees beginning in 2016. Applications must be filled out and returned to NVAR no later than October 30, 2015
. Any questions with the application or for more information contact Karen Walker Karen@nvar.org
or 800.748.5526. For Trustee Application and eligibility, click here to download a fillable form
Are You an RPAC Contributor?
REALTORS® raise and spend money to elect candidates who understand and support their interests and interests of property owners. The money to accomplish this comes from voluntary contributions made by REALTORS®. If you aren’t already an RPAC contributor, but would like to be, contact your local or the state REALTOR® association. Click here for a list of REALTOR® members that have stepped up to show their support of the real estate industry by contributing at the Major Investor level! If you’d like to join this elite group, contact your local or state association
Disclaimer: Contributions are not deductible for Federal income tax purposes. Contributions are voluntary and used for political purposes. The amount indicated is merely a guideline. The REALTORS Association(s) will not favor or disadvantage anyone by reason of their contribution amount. You may refuse to contribute. Until PSF reaches NAR's RPAC goal, 70% of the contribution stays at the state and local levels and is used to support state and local candidates and portion may be used for issues. 30% is sent to National RPAC to support federal candidates and is charged against your limits under 52 U.S.C.30116. After PSF reaches its RPAC goal, it may elect to retain your entire contribution for use in supporting state and local candidates or issues. (Major donor levels may not be subject to this provision.) Federal law prohibits PSF/NV RPAC from soliciting contributions from individuals who are not members of the National Association of REALTORS®.
Are You Ready to Become a Leader?
2016 is YOUR year! Join us for an amazing year of learning and growth that will benefit both your personal and business interactions. NVAR is now accepting applications for the 2016 LeadershipNVAR Program. Applications are due October 16th, 2015. Click here for information about the program
. Click here for the 2016 application