SELLER’S ENERGY CONSUMPTION EVALUATION FORM REPEALED!
EFFECTIVE JUNE 13, 2011
According to the Nevada Association of Realtors......
After 5 long years and many discussions with Legislators, Energy Auditors and REALTORS®, an agreement was reached that the energy auditors need to be licensed in the state of Nevada and the current form for energy consumption that a seller must fill out provides no benefit to the seller or the buyer and therefore, should no longer be required. How can a buyer expect to have the same energy usage as the seller? Each family uses energy according to their needs.
AB 432 provides for the licensure of energy auditors by the Real Estate Division and establishes the minimum training and qualification requirements for individuals to be licensed as energy auditors. It would also establish the requirements for conducting an energy audit (including elements to be evaluated, software and tools to be used, and report to be provided).
The most important provision in AB 432 as it pertains to buying and selling property is it repeals the section of NRS that mandates a seller to fill out a form evaluating the energy consumption of the property...what this means is that the seller is no longer required to fill out the energy consumption evaluation form.
The licensure of energy auditors goes into effect on July 1, 2011 and repealing of the energy evaluation form became effective upon passage and approval. Governor Sandoval signed this bill into law on June 13th. Therefore, as of June 13th, the form is no longer required.
Three Cheers to both Assemblywoman Kirkpatrick and to Assemblywoman Benitez-Thompson.
For all of your real estate needs, please CallKim @ (702) 421-3939 or (888) 949-2890
