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https://media.cnn.com/api/v1/images/stellar/prod/240108115835-tracy- kasper-nar.jpg?c=16x9&q=h_653,w_1160,c_fill/f_webp

The president of the embattled National Association of Realtors, Tracy
Kasper, announced on Monday she would step down, alleging blackmail,
according to a statement from? the association.

Kasper — who has led the nation’s largest professional trade organization,
with 1.5 million members, since August when she took over for the former president who resigned amid allegations of sexual harassment — informed
NAR’s leadership team that she recently received a threat to disclose a
past personal, non-financial matter unless she compromised her position at
NAR, the statement said.

Kasper refused to do so and instead reported the threat to law enforcement
and decided it was best for the organization that she step down, according
to the association.

“As president and a long-time member of NAR, I always have put the
interests of NAR first,” Kasper said in a statement. “As a result of the
recent threat and given the significance of this moment for myself, my
family and the organization, it is again time for me to put the interests
of NAR first. So, it is with a mix of gratitude and a heavy heart that I
submit my resignation as your president effective immediately.”

President elect Kevin Sears, who is also a broker and partner at Sears
Real Estate in Springfield, Mass, will step into the role of president immediately.

A challenging year for NAR

National Association of Realtors faced several seismic shocks over the
past year even as soaring mortgage rates dragged sales of homes to their
lowest levels in years as homebuyers faced the least affordable market in decades.

In August then-president Kenny Parcell resigned amid sexual harassment allegations, first published by the New York Times, outlining complaints
from current and former NAR employees that included improper touching and sending lewd photos and texts. In the Times article, Parcell denied the accusations. At the time, CNN reached out to Parcell for comment regarding
the allegations and did not hear back.

Kasper, who had been president elect, stepped in at that point promising
to address member and staff concerns.

Kasper took over the role acknowledging the “concern, anger and
disappointment” among NAR staff and members in a statement adding: “Our commitment to our staff and our members is unwavering, and we will
continue to enhance the way we foster a welcoming, safe and respectful workplace.”

In November the chief executive of NAR, Bob Goldberg also stepped down, replaced by Nykia Wright.

Goldberg’s departure came only two days after NAR and two brokerages were
found liable for $1.8 billion in damages for conspiring to keep agent commissions artificially high by federal jury in Missouri in an antitrust
case.

The ramifications of that verdict and several similar cases that have been filed in its wake have shaken many agents as it raises concerns about how
they earn their commission fees and challenged the leadership at NAR as
some firms and organization have left the association.

Following the upheaval of the past year at NAR an agent-led organization calling for changes at NAR has emerged, called the NAR Accountability
Project.

In a statement the founder of the project Jason Haber, an agent with
Compass in New York City, said that while the group strongly believed it
was time for a change in leadership at NAR, the circumstances surrounding
Ms. Kasper’s resignation are of great concern.

“No one should be the victim of threats, intimidation or harassment,”
Haber said. “If that happened to Ms. Kasper, that person should be
prosecuted to the fullest extent under the law.”

https://www.cnn.com/2024/01/08/economy/nar-president-steps-down-alleging- blackmail/index.html

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