Tiffany Banks has been promoted from general counsel to CEO of the statewide Nevada REALTORS®.
Banks has been an attorney in Nevada since 2011, including a decade with Nevada REALTORS®. A Northern Nevada native, she is a graduate of Arizona State University and the Thomas Jefferson School of Law in San Diego.
“Tiffany has served as our corporate counsel for a decade and has worked alongside us on the most critical issues facing our industry, advocating on all levels and cultivating future leaders for the real estate profession in Nevada,” 2023 NVR President Tom Blanchard said. “She has strong relationships with key stakeholders in the real estate and legal industries. She has been an integral part of the evolution of many of the programs Nevada REALTORS® have today. Her knowledge of our association is critical as we navigate through these times.”
Banks is active in her community and industry. Since joining NVR in 2013, she has been recognized as a leader in her field, including for her role in advocating for private property rights in Nevada, for developing and coordinating NVR’s Leadership Academy Program and for representing NVR at national events. Among her accomplishments, she has earned the Certified Association Executive (CAE) designation from the American Society of Association Executives, as well as the REALTOR® Association Certified Executive (RCE) designation, which recognizes exceptional efforts made by REALTOR® association executives nationwide.
She was a founding board advisor for The Most Influential Women of the Sierra Nevada and the nonprofit Mamas for a Cause and has served as a board member for local charities, including the Young Professionals Committee for Big Brothers Big Sisters of Northern Nevada.
She is the young lawyer liaison for the American Bar Association Real Property Section and serves on the board of directors for the Nevada chapter of the Association of Corporate Counsel (ACC) and been a speaker at global ACC Foundation events.
Amid a significant shortage of housing supply in 2022, 32% of Realtors® named a lack of inventory as the most important factor limiting potential clients from making a purchase, according to the National Association of Realtors®' 2023 Member Profile. This annual report analyzes members' business activity and demographics from the prior year. Housing inventory fell to the lowest level recorded since 1999 as home buyers entered the market at a frenzied pace to lock in historically-low interest rates.
"The report's findings clearly show that the lack of housing inventory is impacting Realtors®' ability to find buyers a home," said Jessica Lautz, NAR deputy chief economist and vice president of research. "Housing inventory and affordability continue to be the top obstacles that hold back potential clients in the housing market."
Collaborative approach and listening ear gives agents confidence to share honestly
When voicing their desires, agents tend to focus on commission splits. But often what they want—and feel is lacking—is a more collegial and inclusive culture. The key, says Harrison Beacher, managing partner at Coalition Properties Group in Washington D.C., is to create an environment where everyone feels comfortable being honest.
“A culture of care goes such a long way in getting people to tell you how they feel, no holds barred,” says Christina Pappas, President, of The Keyes Company in South Florida. When it comes to retention and cohesion, gleaning feedback is an essential element of business, no matter how uncomfortable.
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Nevada REALTORS® is accepting nominations for its 2023 REALTOR® of the Year Award (ROTY), Nevada Distinguished REALTOR® Award (NDRA), Inspiring New Leader of Tomorrow Award (INLTA), REALTOR® Active in Politics award (RAP) and the Woodcock-Peek Legacy Award.
NAR NXT combines the power of industry-leading speakers, expert education, and networking opportunities with 15,000+ attendees at the Anaheim Convention Center for the year’s premier real estate conference.
Attendees including real estate agents, brokers, real estate technology companies, and more exchange ideas and experiment with cutting edge innovation at the industry’s largest real estate expo. You determine what’s NXT, and now’s the time to take center stage, harness your exponential potential and step into the spotlight! Click here to learn more about the event, including how to register.