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

By Anna Bahney, CNN

Washington, DC (CNN) — Bob Goldberg, chief executive officer of the National Association of Realtors, the nation’s largest trade association, is stepping down, the organization announced Thursday.

Earlier this week a federal jury in Missouri found NAR and two brokerages conspired to keep real estate agent commissions artificially high and determined they were liable for $1.8 billion in damages.

NAR has faced a difficult year, setting aside even the troubled housing market. In August the NAR president, a member agent Kenny Parnell, resigned amid sexual harassment allegations.

Nykia Wright, previously CEO of the Chicago Sun-Times, has been appointed its interim Chief Executive Officer, starting November 20th.

She began her career in the financial services industry and, prior to leading the Sun-Times, was a strategy consultant who advised companies and organizations on operational, financial and performance improvement matters.

“We are delighted to welcome Nykia as interim CEO,” said NAR President Tracy Kasper, a real estate agent from Nampa, Idaho, and broker-owner of Berkshire Hathaway HomeServices Silverhawk Realty.

“Her deep experience driving organizational transformation positions her well to advance our strategy, vision and culture initiatives. I look forward to working with her, in partnership with our Leadership Team and staff, to continue strengthening our organization.

The National Association of Realtors is a powerful non-profit organization with over $1 billion in assets and over 1.5 million member real estate agents and housing industry employees that has trademarked the title of  “Realtor.”

This is a developing story.

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