There were a total of 2,592 Single Family, Condo’s and Townhouses closed in the month of November.
Resale 1,850 – 71.32%
Short Sales 560 – 21.6%
REO 182 – 7.0%
1,124 Were Cash Purchases; 799 Conventional Financing; 433 FHA Financing; 186 VA Financing
Current SFR Median Existing Home Sales Price $159,000
As of November 2013, there are 19,484 active real estate licensees in Nevada, 14,566+ are salespersons, 1757 are brokers and 2155 are broker salespersons in Clark County aka Las Vegas.
With fewer than 2600 transactions closing this month in Nevada, what is required of 19,484 licensees to conduct their business in Nevada?
4 Year Real Estate Salesperson/Associate Broker License Renewal
24 Hrs Continuing Ed every two years (12 live classroom hours)
Monthly Desk Fees
Brokers Transaction Fees, Doc Storage Fees, E & O
Quarterly GLVAR fees and annual dues
Car, Phone, Laptop, Ipad, Home Office, Insurance, Advertising and Marketing, Entertainment and Gifts and More
As of November 2013, 184 Brokers, 334 Broker Salespersons, 1463 Salespersons licenses in the Division system had expired since December 2012. A real estate license must be renewed within one year of its expiration date or it will be permanently closed.