NVAR Online News

The NVAR newsletter is a weekly tool that provides our members with current information and the latest updates on real estate news in Nevada and nationally. Watch your inbox weekly for the newest version.

Nevada Real Estate in the News

NVAR's Dave Tina rewarded with key NAR post

Each year, NAR's incoming president-elect appoints vice chairs for all of NAR’s committees, forums, and advisory boards. Chairs and vice chairs take their positions Dec. 1, 2016, with one exception: The AEC-AE Institute Advisory Board chair and vice chair start their terms April 1 each year. 

NAR President-Elect Bill Brown is proud to announce Nevada's current state president, Dave Tina, has been named vice chair of the Broker Involvement Council. Click here to read more.

“I have 39 years in the industry as a salesperson ... and, for the last four years, I've owned the sixth busiest office in Las Vegas," Tina said. "I have served several years on the NAR Board of Directors, as both a large firm and a large board representative, and I have served on several national committees. I bring a fresh perspective and a never-ending passion to help NAR advance its ideals and engage its membership.”

Stacking Up

Nevada eclipses national average for REALTOR® designations earned

There is growing sentiment that becoming a REALTOR® should require tougher standards, specifically more robust training and education. Given that groundswell from inside and outside the REALTOR® community, continuing education classes and earned designations will be seen more as necessities than luxuries.

NAR’s state education directors released a breakdown, listing the number of designations earned by REALTORS® in every state. Nevada’s 15,000-plus REALTORS® have earned 4,509 designations, just less than one designation for every three REALTORS®, but well above the 1-in-4 national average. Designations come in all shapes and sizes, distinguishing REALTORS® for everything from expertise in social media and emerging technology (e-PRO) to a heightened proficiency in handling transactions for military personnel (MRP). Read more here.

NRHA expands down payment assistance options statewide

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With national home prices on the rise, the Nevada Rural Housing Authority (NRHA) continues to make affordable housing a priority. It's doing so by expanding its Home at LastTM loan program.

The updated Home at LastTM program includes both government (FHA, VA and USDA Rural Development) and conventional (HFA Preferred) loan alternatives, coupled with granted down payment assistance of up to 5 percent, depending on loan type. These programs are not limited to first-time homebuyers, though there are maximum qualifying household incomes (currently $95,500), as well as home purchase prices (currently $400,000).

Loans are available to homebuyers in rural areas throughout the state. “It’s a common misconception that rural housing is limited to certain areas in Nevada but there are rural areas within every county of the state, really anyplace with populations fewer than 150,000 people,” said Diane Arvizo, Director of Homebuyer Services for Nevada Rural Housing Authority. She pointed out the city of Sparks as an example of a rural community that many people do not identify as rural, due to its proximity to Reno. Get more information here.