PSA for Nevada Homeowners ⚠️ State of Nevada Investigating MV Realty Agreements

This is an important message for homeowners across Nevada.

The State of Nevada, through its Consumer Affairs Unit, is actively investigating MV Realty PBC, LLC, MV Realty of Nevada LLC, and affiliated entities for potential deceptive trade practices related to an agreement called the “Homeowner Benefit Agreement.”

If you or someone you know signed paperwork with MV Realty in the past few years, this is worth your attention.

What Is the “Homeowner Benefit Agreement”?

The agreement may have been presented to homeowners as a no-repayment loan or a simple cash benefit in exchange for future business.

However, Nevada Consumer Affairs has identified concerns that these agreements may:

• Create a long-term lien on a residential property (up to 40 years)
• Require homeowners to use MV Realty as their listing agent if they sell
• Require payment of a percentage of the home’s value to release the lien
• Result in a lien being placed without the homeowner fully understanding the agreement

For many homeowners, what may have sounded like easy cash upfront could potentially carry significant long-term consequences tied directly to their home.

Why This Matters for Nevada Homeowners

Your home is likely your largest financial asset.

A lien attached to your property can:

• Complicate refinancing
• Delay or disrupt a sale
• Reduce flexibility when life circumstances change
• Create unexpected financial obligations

Even if you do not plan to sell anytime soon, a 40-year agreement can affect estate planning, future borrowing, and long-term financial decisions.

What You Should Do If You Signed Something

If you signed documents with MV Realty and are unsure what you agreed to:

1. Locate any paperwork you received.
2. Check whether a lien was recorded against your property.
3. Contact the Nevada Consumer Affairs Unit for guidance, even if you are uncertain whether you were affected.

You do not need to be sure there is a problem to reach out. If something does not feel clear, it is worth asking questions.

Online Resources

The State of Nevada has made online resources available for homeowners who may have been affected by the MV Realty situation. Below are helpful links where you can find more information and guidance.

 📺 Watch the PSA: MV Realty Public Service Announcement - Nevada Consumer Affairs

🔗 Full information:  Nevada Consumer Affairs Unit - Important Notice to Nevada Homeowners Regarding MV Realty

📞 Toll Free: (844) 594-7275
📍 Las Vegas Office: (702) 486-3623
📝 File a complaint online: Department of Business and Industry Nevada Consumer Affairs

Protect Yourself Moving Forward

Before signing any agreement involving your home:

• Read every page carefully
• Ask how long the agreement lasts
• Confirm whether a lien will be recorded
• Understand cancellation terms
• Consult with a trusted real estate professional or attorney

If an offer sounds like free money tied to your home, it is essential to understand the long-term tradeoffs.

Final Thoughts

This situation serves as a reminder: anything attached to your property title deserves careful review.

If you believe you may have signed a Homeowner Benefit Agreement or want clarification about how liens work in Nevada, do not ignore it. Proactive steps now can prevent costly complications later.

If you would like help understanding how liens, listing agreements, or property records work in Nevada, I am always here as a resource.

📞 Call or text: (775) 525-0309
📧 Email: Ken@livinginsouthreno.com

About Our Real Estate Team

The Angst Real Estate Team is the top real estate authority in Northern Nevada and is always available to answer your real estate questions. Send us an email or call/text at (775) 525-0309 for a free, no-obligation consultation. Be sure to like and subscribe to our YouTube Channel as well. Our channel is the place to go when looking for the latest information about the dynamic and diverse Reno/Sparks Real Estate Market. We frequently post video podcasts about important topics that matter to our Reno/Sparks Real Estate Tribe. Let's embark on this real estate journey together!

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