by Steven Kitnick | Mar 5, 2020 | Broker Management, Nevada Real Estate Division, Nevada Real Estate Law, Opening a Brokerage, Real Estate Office Management
I asked Chief Compliance/Audit Investigator at the Nevada Real Estate Division Jan Holle to offer his opinion on whether a licensee may be paid commission owed to them by either their previous broker or their new broker. I also asked him to comment on brokers who have...
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 | 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...
by Steven Kitnick | Jul 21, 2017 | Appraisal, HUD, VA
VA Appraisals stay with the property similar to FHA appraisals, but for a period of 180 days. If a Buyer is using a loan other than a VA loan to purchase the property, then a new appraisal will be ordered on a new transaction.
by Steven Kitnick | Jul 21, 2017 | Appraisal, HUD
I contacted Rey Gallegos, Nevada State Manager and Mortgage Loan Originator (NMLS # 557038) with HomeBridge Financial Services to get an answer to this question. Here it is! “When a property purchase transaction occurs where an FHA loan is being used to buy...
