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The Texas Reporter > Blog > Real Estate > Las Vegas Realtors turmoil continues with management shakeup
Real Estate

Las Vegas Realtors turmoil continues with management shakeup

Editorial Board
Editorial Board Published January 9, 2025
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Las Vegas Realtors turmoil continues with management shakeup
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Chaos carried into the brand new yr with the abrupt resignations of two previous presidents. In response, 2025 President-Elect George Kypreos launched a video addressing issues with the affiliation.

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Las Vegas Realtors, a commerce group serving practically 16,000 brokers, endured a turbulent 2024 marked by controversies, shakeups and no less than one bodily altercation that has left the affiliation’s future and repute underneath scrutiny.

However the chaos isn’t over. Final week, the group introduced that outgoing President Merri Perry and Joshua Campa, the 2024 president-elect, had resigned from the board of administrators and all committees, efficient instantly.

In response, 2025 President-Elect George Kypreos launched a video addressing issues with the affiliation whereas additionally pledging to launch a collection of movies to elucidate the management adjustments and hold members up to date. “The first step is being honest about our failures, accepting responsibility and promising to do better, no matter what the cost,” he mentioned in a video first uploaded on Friday.

The turmoil stems from a chaotic 2024 for the commerce group, which was stricken by allegations of election tampering, breaches of confidentiality, suspensions, resignations and public scandals, in response to members.

Reflecting on 2024, Kypreos admitted, “We found ourselves preoccupied with egos and power struggles instead of highlighting the ethics and transparency.”

Las Vegas Realtors turmoil continues with management shakeup

George Kypreos

“We’ve become a sideshow,” he added. “I’m shutting down the sideshow for good — the neon lights, cheap tricks, endless distractions.”

Whereas Perry has not commented publicly on her resignation, Campa issued a press release to deal with hypothesis.

After 5 years of volunteering with LVR and simply three days into his time period as president, Campa resigned, citing a poisonous setting and private assaults.

“Individuals with their own agendas and desire to obtain power over the organization fought hard crafting narratives and creating controversies where none existed at every opportunity,” Campa mentioned, “even going as far as feeding or paying media outlets to run slanderous stories.”

Merri Perry

He additionally revealed he confronted threats, blackmail makes an attempt and ostracism on account of his sexual orientation. In a Fb publish, Campa cited psychological and bodily well being struggles, in addition to pressure on his household, as key causes for stepping down.

Regardless of his expertise, he voiced assist for Kypreos, describing him as a “solid neutral leader,” who deserves grace and assist.

Campa famous that the president’s place requires the backing of 15 board members and doesn’t require unilateral energy.

Kypreos outlined a restoration plan within the video, which features a assessment of the election course of, recommitment to moral requirements, acknowledgment of volunteers’ contributions whereas defining their limits and prioritizing {qualifications} over reputation when appointing leaders.

Origins of the controversy

Controversy surrounding the group started in March throughout a brokers discussion board, the place a bodily altercation broke out between two actual property brokers, Las Vegas Evaluation-Journal reported.

An nameless supply mentioned the altercation stemmed from Eric Mendoza, a Merely Vegas Actual Property agent, being repeatedly denied the chance to debate illustration in a lawsuit, in response to the Evaluation-Journal.

The lawsuit alleged that the Nationwide Affiliation of Realtors, Las Vegas Realtors and different brokers conspired to artificially inflate commissions. One other dealer charged at Mendoza, and police finally intervened.

Stress rose when election interference claims emerged in the course of the group’s 2025 election of officers and board members, particularly between vice-presidential candidates Britney Gaitan and Stephanie Grant, the Each day Mail reported.

Emails revealed issues over interference by a number of leaders, together with LVR CEO Wendy DiVecchio. DiVecchio allegedly accessed election software program throughout voting and inspired Perry and Campa to rally assist for Gaitan over Grant.

In consequence, DiVecchio was suspended for 30 days, whereas a gaggle of board members resigned in protest.

In August, over 50 actual property brokers protested at LVR’s headquarters, demanding transparency and an unbiased investigation. Formal complaints had been filed with Nevada Lawyer Basic Aaron Ford in November, urging additional investigation into management and election tampering.

Inman has reached out to Merri Perry and Las Vegas Realtors for remark.

Electronic mail Richelle Hammiel

TAGGED:ContinuesLasleadershipRealtorsshakeupturmoilVegas
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