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National Association of Realtors CEO steps down, days after the trade group was found liable for conspiracy to inflate rates

today 11/03/2023
Bob Goldberg, the CEO of the National Association of Realtors (NAR), is stepping down, according to an announcement by the organization. This comes after a federal jury in Missouri found NAR and two brokerages guilty of conspiring to keep real estate agent commissions artificially high, resulting in $1.8 billion in damages. NAR has faced challenges throughout the year, including the resignation of its president due to sexual harassment allegations and the withdrawal of membership by Redfin. Nykia Wright, the former CEO of the Chicago Sun-Times, has been appointed as the interim CEO of NAR starting from November 20th. She has a background in the financial services industry and has experience in advising companies on various matters. NAR President Tracy Kasper expressed excitement about Wright's appointment, stating that her expertise in organizational transformation will help advance NAR's strategy, vision, and culture initiatives. The NAR is a prominent non-profit organization with significant assets and a large number of real estate agents and housing industry employees. Goldberg, the outgoing CEO, stated that his decision to retire was made in October and that he believes Wright's strategic expertise and forward-looking perspective are crucial for NAR's future success.
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