Legislative Recap: Fire Insurance, Corporate Buyers & Revitalizing Our Inventory w/ Azim Jessa & Keith Lynam cover art

Legislative Recap: Fire Insurance, Corporate Buyers & Revitalizing Our Inventory w/ Azim Jessa & Keith Lynam

Legislative Recap: Fire Insurance, Corporate Buyers & Revitalizing Our Inventory w/ Azim Jessa & Keith Lynam

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 We are a third of the way through the 2025 legislative session, and there are a few more key bills we’re monitoring. These bills affect us as real estate professionals, but also protect consumers and support private property rights. A really important bill that’s moving through legislation is centered on secondary fire insurance and how it’s affecting homeowners’ insurance. In light of the recent uptick in fires in Nevada and California, insurance companies are increasing rates or even canceling their coverage. As we know, homes can’t be sold without insurance. This will affect the health of our market and people’s ability to achieve and hold onto the dream of homeownership. The last thing our market and consumers need is a rash of foreclosures because homeowners’ insurance has become unaffordable. How can this issue be addressed? What other bills do we need to be aware of right now? In this episode, Nevada REALTORS® Legislative Chair, Azim Jessa is joined by former Legislative Chair and real estate legend, Keith Lynam. In this weekly legislative recap, we put the spotlight on 4 bills that have come up in the legislative session. Insurance companies are withdrawing, canceling and increasing rates, and it’s causing an affordability issue in real estate. We certainly don’t want to see a rash of foreclosures because homeowners’ insurance is too expensive. -Azim Jessa Things You’ll Learn In This Episode Insurance and affordability In the last couple of years, homeowners’ insurance has gotten harder for consumers to get. How does this affect the health of our real estate market? The problem with limiting corporate buyers While we certainly don’t want Nevada to turn into a town of renters, why is it important not to limit who can buy homes and why? How to improve our inventory There are many neighborhoods in the state that require revitalization. How can this be achieved? Guest Bio Azim Jessa is a highly accomplished real estate professional, currently serving as the Team Leader and Broker of The Jessa Group at Urban Nest Realty in Nevada. With over a decade of experience in the real estate industry, Azim has built a reputation for his extensive market knowledge, strategic negotiation skills, and commitment to providing exceptional client service. His leadership at The Jessa Group has helped the team consistently rank among the top-performing real estate groups in the region. In addition to his brokerage role, Azim is deeply involved in the real estate community and advocacy efforts. As the Legislative Chair and Treasurer at Nevada REALTORS®, he plays a key role in shaping policies that support the interests of both real estate professionals and homeowners across the state. His work on legislative issues has positioned him as a trusted voice in the industry, where he focuses on protecting property rights, promoting sustainable development, and advancing ethical practices in real estate. LinkedIn: https://www.linkedin.com/in/azimjessa/. Keith Lynam is Vice President of Industry Disruption with the Signature Real Estate Group. Keith is a Past President of the Nevada REALTORS® (NVR), the largest trade organization in Nevada as well as a Past President of Las Vegas REALTORS®. Keith was named Nevada REALTOR® of the year for 2019 and LVR REALTOR® of the year in 2012. Lynam is the only REALTOR® to have served as NVR Legislative Chairman for three sessions, 2009, 2013 and 2023. He also served as NVR REALTOR® Political Action Committee Chairman in 2014 and 2015. Before becoming a REALTOR® in 2004, Lynam owned one of Nevada’s largest independent public affairs firms running over 80 political campaigns and directing the communications and legislative affairs efforts of some of the largest corporations in the West. Through his custom designed coaching program #BOOMPRODUCERJOURNEY, he has assisted hundreds of top producing RE agents achieve their ultimate balance in their lives. LinkedIn: https://www.linkedin.com/in/keith-lynam-2a4334/. About Your Hosts Tiffany Banks is the CEO and former general counsel of Nevada REALTORS®. Her leadership is defined by a strategic approach to real estate advocacy and a commitment to community enrichment. With over a decade of legal experience, Tiffany guides the organization's direction with a keen focus on strategic consulting, complex legal analyses, and new business development. Nevada REALTORS® has successfully navigated legislative sessions, forging strong relationships with stakeholders and enhancing the community presence through impactful projects. Tiffany’s role encompasses not just operational management, but also driving growth and fostering a culture of excellence within the team and the broader real estate community. Brandon Roberts is the President of Nevada REALTORS® and Corporate Broker/CoFounder of Signature Real Estate Group. Signature Real Estate Group is a real estate and property ...
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