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TRENDING

Jury finds NAR, brokerages guilty in landmark commissions suitBob Goldberg out
as NAR CEOMayor Bass to address ULI after deputy’s talk of industry
“tantrum”More brokerages sued after $1.8B award in commissions case
Residential
National
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BOB GOLDBERG OUT AS NAR CEO

Former Chicago Sun-Times CEO Nykia Wright appointed to serve in the interim

Former NAR CEO Bob Goldberg and interim CEO Nykia Wright (Getty, NAR)

Nov 2, 2023, 1:30 PM
By
 * Sheridan Wall

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The National Association of Realtors is shaking it up at the top once again.

The group announced Thursday that CEO Bob Goldberg is stepping down sooner than
expected. It tapped Nykia Wright to serve as an interim CEO effective Nov. 20
while it searches for a permanent leader.



Goldberg revealed in June that he planned to retire from the organization at the
end of next year, but he decided last month to step down, according to his
statement in the group’s press release. 

“Now is the right time for this extraordinary organization to look to the
future,” Goldberg wrote in the statement. NAR said he would serve as an
executive consultant to help with the transition.  



The move, first reported by Housing Wire, comes just two days after a jury found
NAR guilty of colluding with two major brokerages to inflate commission costs
charged to home sellers. If the judge confirms the verdict, NAR, Keller Williams
and HomeServices of America are potentially on the hook for over $5 billion in
damages. 

Goldberg took the stand during the three-week trial in Kansas City to defend the
organization against accusations that it promotes a standard commission charge
across the industry. During his testimony, he disputed claims that NAR trains
its members on commission amounts to charge their clients and that membership
fees are determined by commission rates or income.


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practices in our Privacy Policy.

The group — the nation’s largest with over 1.5 million members — is also facing
two other antitrust lawsuits over broker commissions. One case, known as Moehrl,
is headed for trial in Chicago early next year. The other was filed just minutes
after this week’s verdict and names a new set of brokerages as co-defendants. 

Ahead of the verdict, Goldberg and other NAR leaders came under fire over a
sexual harassment scandal involving former president Kenny Parcell. 



READ MORE

National
Brokerage heads react to NAR’s guilty verdict
National
The battle over broker commissions is just getting started
National
Commissions lawsuit verdict pummels Compass, Elliman, Zillow stock

Parcell resigned over the allegations in September, but a leaked memo indicated
that other NAR leaders were aware of the accusations before they became public.
Staff members of the Chicago-based organization called for Goldberg and others
to resign following The New York Times’ investigation into Parcell’s alleged
misconduct. 

Goldberg, whose tenure at NAR has spanned 30 years, took over as CEO in 2017. He
will continue on as a consultant to oversee the leadership transition.

Wright is a former financial services consultant turned executive and
entrepreneur. She served as the CEO of the Chicago Sun-Times during its merger
with Chicago Public Media WBEZ. She also co-founded an audio and audience
engagement software startup called SonicMessenger. 

TAGS

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