April 22nd, 2015


Very interesting informative stuff at the Real Estate Commission hearings this morning. One agent was almost the entire meeting. She was guilty of 44 violations-all relating to property management, license was revoked, and fined $220,000 plus $5,446 for administrative and hearing costs. If you have never attended a real Estate Commission hearing, you need to attend. It will scare you to death.

Fannie Mae:

Fannie Mae announced a new program that allow first-time buyers of it’s properties to receive up to 3 percent of the purchase price in closing price assistance. Buyers must complete the online Home Path Ready Buyer training course on  Must be a first time buyer. Make the request for closing cost assistance in the initial offer submitted on or after April 14, 2015.

Legislative Update:

SB 306 is a bipartisan bill aimed at addressing the Nevada Supreme Court decision concerning the extinguishment of a lender’s first lien rights by an HOA. This bill attempts to establish an orderly process under which an HOA can foreclose on a property while providing lenders an opportunity to cure the extinguishment by the HOA prior to foreclosure General Counsel Alfred Pollard of the Federal Housing Finance Agency ( FHFA ) testified on the importance of this bill to maintain a healthy lending environment in Nevada.


GLVAR is now offering scholarships for NAR Designations. Applications for scholarships are due by May 8th. Upcoming designation classes at GLVAR are Military Relocation Professional, Seller Representative Specialist, Accredited Buyer Representative, and e Pro Certification. For more information, contact Krista Baker at 702-784-5000.

March 2015 Market Report:

                Resale - 2,624 - 82.1 %

                Short Sales – 271 – 8.5 %

                REO - 300 – 9.4 %

                1,002 – Cash purchases

                1,066 – Conventional financing

                777 – FHA financing

                283 – VA financing

                3,195 – SFR, condos, and townhomes closed in March

                48 – average days on market

Top 5 Housing Markets:

  1. Denver
  2. San Antonio
  3. Nashville
  4. Fort Lauderdale
  5. Dallas

Want your Military Relocation Professional ( MRP ) Designation? The one day class is being taught Friday, May 1st 8:00am to 5:00pm at GLVAR. It is 7 hours of CE. Cost is $75.00. RSVP to 702-784-5051

In the past 3 years the median weekly wage has increased 1.3 %. The median home price has increased 17.3 %. Many sellers are simply asking too much for their homes in a market that hasn’t had much rise in value in the past 8 months.

TODAY we will be having a LUNCH and LEARN at 12:00 hosted by Fidelity Home Warranty and BPG Home Inspection Company. RSVP to Ashley.

Friday, April 24th, Signature Summerlin Office Social at 4:30pm. Come network and mingle with all our new agents.

On Tuesday, April 28th, after the Master Mind meeting in the Summerlin office we will have a photographer in the office if you need a new head shot or photo for business purposes. Cost is $50.00 plus free photo shop. RSVP with Ashley (

Reminder, Reminder- GLVAR Charity Bowling Tournament this Friday at Texas Station. If you are bowling, you need to be there in time to get checked in, find your lane, and warm up. Bowling starts promptly at 9:00am

Wells Fargo is hosting their annual Wells Fargo Cine Meeting on Thursday, April 30th at noon at the New Orleans Movie Theater. Guest speakers will be Gabby Gifford and Mark Kelly, Greg Gwizdaz and Brian Buffini. If you would like a free ticket, e-mail Jonathon Crockett at

Next Thursday at 9:00am our Master Mind in the Summerlin office will feature Pete Torsiello of our Northwest Office on “ How to do a listing Presentation” Food by Lennar Homes. Photos immediately after Master Mind.


Wednesday, April 22nd 12:00 Noon:  Lunch and Learn. Don’t let a home inspection kill the deal- RSVP to                       Ashley

Friday, April 24th 9:00am:  GLVAR Bowling Tournament at Texas Station

Friday April 24th 4:30pm:  OFFICE SOCIAL!

Monday, April 27th 9:30am: What Now? Q and A with the Summerlin Broker

Tuesday, April 28th  9:00am : Master Mind – Listing  Presentation

Friday, April 30th 9:30am:  How to load a listing into the MLS



Friday April 24th at 10:00am - DocuSign training with Monica (conference room)

Tuesday April 28th 9:30am- Lennar Homes- Tammy Harrison

Thank you and have a great day! :)




Brandon Roberts
Signature Real Estate Group
Corporate Broker
Technology, Tools & Innovation