Inside this issue
  NVR General Counsel making the speaking rounds  
  It's been a busy couple of months for Nevada REALTORS® General Counsel Tiffany Banks. The state association's lead attorney has spoken at multiple events, educating crowds on key legal issues impacting the Silver State's real estate world in 2018.

Banks presented at the Coldwell Banker Select Symposium and at the Ferrari-Lund Brokerage during its Hot Legal Topics session. She also sat in on a panel discussion focused on the influence of marijuana laws at the Reno-Sparks Association of REALTORS®.

Banks is often bombarded with marijuana-related inquiries, but she's also spent plenty of time discussing issues revolving around earnest money disputes, disclosures and stigmatized properties to name a few. Banks is available to speak at brokerages and events across the state. Have your broker contact her at This important member benefit is an extension of the Legal Information Line and Broker Information Line. Remember, Nevada REALTOR® members with real estate legal questions can call the Legal Information Line at (800) 748-6999.

"I like to take every opportunity I can to share insights and work with our state's fine REALTORS®," Banks said. "It's helpful to be able to answer their questions and hopefully it also shows them that our state association staff is available and eager to work with them."


  RSAR CEO retiring after 36 years of service  
  Long-time Reno-Sparks Association of REALTORS® CEO Cherie Williams is in her final days on the job. This year marks her final one serving REALTORS® in the Truckee Meadows. She has been with RSAR for 36 years, including the past 15 as its top executive.

It's been quite the ride for Williams, who has been a key cog in the Silver State's second-largest local REALTOR® association for more than three decades. She's worked with 36 association presidents, 720 board members, and 36,000 committee volunteers. Williams has earned both the CAE and RCE designations for association executives. For her dedication to the local association, RSAR is renaming its South Reno building in her honor.


  Calif. REALTORS® Plead: 'We're in Crisis and Need Help'  
Nevada REALTORS® has already donated $10,000 to relief efforts
There was a hint of smoke in the air on the morning of Nov. 8 in Paradise, Calif. Aubrey Pruis, in his first year as an association executive at the Paradise Association of REALTORS®, was at the office for a meeting with his colleagues when they spotted ember and ash falling from the sky onto the parking lot. They instantly knew this wouldn't be an ordinary day.

Thousands of California residents faced a harrowing dilemma, forced to flee their homes as two enormous wildfires, known as the Camp Fire and Woolsey Fire, spread from the northern and southern regions of the state. The latest figures show 85 people had been killed, making it the deadliest wildfire in the state's history. Nearly 300 remain missing, including several REALTORS® who have not been accounted for in Paradise. The California Association of REALTORS® says about 175 of its members statewide have lost either their homes or their brokerages. 

Click here to read more.


  Installation dinner set for NVR's Keith Lynam  

Nevada REALTORS® will host its annual installation gala on Friday, Dec. 7 at The Foundry in the SLS Las Vegas. The cocktail-attire event will begin with a cocktail hour at 5:30 p.m. followed by dinner at 7 p.m. NVR's 2019 President Keith Lynam will be installed as will the association's 2019 officers and board of directors. Click here for the official invitation.

Cost for the dinner gala is $100 per person. Those interested in attending should RSVP Karen Moran at: Attendees can mail a check to Nevada REALTORS® (760 Margrave Drive, Reno 89502) or pay by credit card at For payment questions contact Becky Blankenburg at:


  RENTCafe: Rent Continues to Climb in 93% of U.S. Cities  

Article touches on increasing rent
costs in both Las Vegas and Reno

Although rent prices have stayed relatively flat since August, the national average clocking in at $1,420 in October, we are still seeing a strong 3.3% increase year-over-year. The U.S.-wide average monthly rent is $45 higher than the October 2017 level.

Doug Ressler, Director of Business Intelligence at Yardi Matrix is optimistic regarding the growth of the U.S. multifamily market. "A new trend is reversing recent years' statistics, with demand now outpacing new supply. This is especially true in secondary cities and workforce housing." According to the latest Yardi Matrix data, the third-quarter vacancy rates fell by 4.0%, and rents are projected to accelerate upwards over the next year. Click here to read the full article.