CEO of NAR resigns days after company found liable for conspiracy
The longtime CEO of the National Association of Realtors (NAR) resigned Thursday after the company was found liable for $1.8 billion in damages.
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The longtime CEO of the National Association of Realtors (NAR) resigned Thursday after the company was found liable for $1.8 billion in damages.
Nykia Wright, chief executive of the Chicago Sun-Times, will start Nov. 20 as NAR’s interim CEO
The action came two days after a federal jury ruled that the powerful organization conspired to inflate home commissions.
The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement, a move that comes just two days after the trade group was dealt a punishing judgement in federal court over its guidelines on real estate agent commissions.
The chief executive of the National Association of Realtors (NAR) resigned from his position Thursday, two days after a federal jury ruled that the organization was liable for nearly $1.8 billion in damages for conspiring to inflate commissions. “After announcing my decision to retire earlier this year, and as I reflected on my 30 years…