Inside this issue
  Nevada REALTORS announces 2023 Leadership Academy roster  

The Nevada REALTORS® Leadership Academy just graduated its 2022 class during installation weekend festivities in southern Nevada earlier this month. And with the beginning of a new year on the horizon, that means the 2023 class will soon be starting its leadership journey.

In fact, the list of NVR's 2023 Leadership Class members was released last week and it features REALTORS® from across the Silver State. Twelve class members will come from Clark County. Six will hail from the Truckee Meadows region of Reno-Sparks-Carson-Douglas. Lastly, the Incline and Elko associations will both sponsor one member.

"We've got a balanced class roster full of REALTOR® members who are established in the field and looking to learn more about leadership," NVR's staff liaison Tiffany Banks said. "Given the backgrounds and strengths of these 20 class members, I expect another great upcoming year of programming and learning."

The Leadership Academy is a year-long program that meets four times a year in various locations and addresses a variety of areas of personal and business growth, including public speaking and team building. The first of the Academy's traditional four programs will take place next month. You can learn more about the Leadership Academy here

2023 Nevada REALTORS Leadership Academy Class Members

  • LVR: Jessica Berney, Marisa Bilkiss, Sherwin Escanuela, Mark Harris, Yvonne Hunter, Angela Hutchins, Shane Nguyen, Ricky Phetmyxay, Stephanie Salazar, Jesse Torres, Maria Velez, Leah Wolfe-Gonzalez
  • SNR: John Brummer, Kristin Gandolfo, Jessica Hodges, Amber Klinginsmith, Sam Olson, Trevor Phillips
  • IVR: Bill Gaines
  • ECR: Heather Jo Jones


  Rock the C2EX Challenge  

Las Vegas member wins grand prize

REALTORS® completing C2EX can differentiate themselves in the community and optimize opportunities to best serve clients and position themselves as a leader in the community! The endorsement empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. It's not a course, class or designation-it's an Endorsement that REALTORS® can promote when serving clients and other REALTORS®.

The platform generates a customized learning path and recommends experiences and resources to enhance your individual skillset. Get started on your journey today by logging in to and taking any one of the 11 self-assessments to measure proficiency in 10 aspects of professionalism (11 for brokers), ranging from customer service to use of technology.

Robert Ritua

NVR has participated in NAR's C2EX Challenge throughout the past year. C2EX is the endorsement aimed at helping REALTORS® improve their professionalism and be better at their jobs. This competition for state and local associations inspires REALTORS® to earn their C2EX Endorsement, to raise the level of professionalism in the industry, increase their marketability, and grow their business.

Nevada REALTORS hosted monthly drawings in 2022 - for those who completed C2EX that month - awarding winners a $100 gift card. Last week, all NVR members who completed C2EX were entered into a drawing for the grand prize of $500. Congratulations are in order for REALTOR Robert Ritua, of Better Life Realty in Las Vegas, He is NVR's grand prize winner.  Click here to learn more about C2EX and start your challenge.



  NAR Forecasts 4.78 million existing-home sales, stable prices in '23  

Lawrence Yun, NAR chief economist and senior vice president of research, forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond. Yun unveiled the association's forecast last week during NAR's fourth annual year-end Real Estate Forecast Summit.

Yun predicts home sales will decline by 6.8% compared to 2022 (5.13 million) and the median home price will reach $385,800 – an increase of just 0.3% from this year ($384,500). Yun expects rent prices to rise 5% in 2023, following a 7% increase in 2022. He predicts foreclosure rates will remain at historically low levels in 2023, comprising less than 1% of all mortgages. Click here to read more.



  What agents need to know about appraisal reviews  

REALTOR Magazine: A variety of circumstances, including a request by the seller, may lead to a formal review. It’s up to the lender

Real estate agents with any experience in the field are certainly familiar with how an appraisal works. Many agents have worked with appraisers for years and have a strong understanding of the appraisal process. But how much do you know about the process of appraisal review? This can be important because there are times when a transaction may not be considered complete without one.

So what is an appraisal review? In general terms, an appraisal review is a formal evaluation of the quality of an appraiser’s work, performed by another appraiser. This is distinguished from a more cursory review of an appraisal that may be conducted by a loan processor, underwriter or quality assurance department to determine whether an appraisal appears to satisfy the lender’s guidelines, or those of regulatory entities such as Fannie Mae, Freddie Mac, HUD or VA. Click here to read full article.