The escalation addendum is a valuable real estate tool that lets buyers automatically increase their offer in response to competing bids, up to a set maximum. Based on net offer value, it can be used with appraisal contingencies — either retained or waived. While the calculation was once straightforward, recent changes have added complexity.

NVAR uniquely has its own Professional Standards Department, with volunteer committees reviewing 70 – 100 annual cases to uphold Realtor® ethics, integrity, and professionalism in the region. Curious what these cases are most commonly about? Read to learn more.

The NVAR Legal Hotline has received many questions regarding HOA and Condo violations. Refresh your memory!