by Steven Kitnick | Sep 23, 2017 | Lead Generation, Nevada Real Estate Law, Real Estate Office Management
According to Nevada Real Estate Division Chief Compliance/Audit Investigator Jan Holle, “As long as payment is not contingent on the referral closing a transaction, then it would be okay. Agents pay for leads all the time… Zillow, etc.” Note: Paying...
by Steven Kitnick | Aug 31, 2017 | Duties Owed, Property Management, Real Estate Office Management, Uncategorized
Old habits are hard to break. Education may help. Let’s examine the issue. Some property managers continue to do things the same old way. Uninformed property managers are still requesting and requiring a licensee, who is simply acting as a referring agent, to...
by Steven Kitnick | Aug 7, 2017 | Business Broker, Licensing, Opening a Brokerage, Property Management
NO! According to colleague Forrest Barbee, “the broker may hire a qualified person who maintains an active property management permit to either act as broker of the property management activities or appoint a qualified person as the designated property manager...
by Steven Kitnick | Jul 21, 2017 | Contracts, FHA, Loan Applications, Mortgage Finance, VA
Let’s examine the Greater Las Vegas Association of REALTORS (“GLVAR”) Residential Purchase Agreement (“RPA”) (Rev. 06/17). On page 1 of 11 paragraph 2: Additional Financial Terms & Contingencies: A. New Loan Application and...
by Steven Kitnick | Jul 21, 2017 | FHA, HUD
A property that is being resold 90 Days or less following the seller’s date of acquisition is not eligible for an FHA insured loan. The Rule went in and out of effect over the years. According to Rey Gallegos, Nevada State Manager & Mortgage Loan Originator...
