NAR President Tracy Kasper Resigns Amid Blackmail Threat
Kevin Sears Steps Up as New President Following Recent Leadership Turmoil at NAR
- Tracy Kasper, the President of the National Association of Realtors (NAR), has resigned after receiving a blackmail threat related to a 'past personal non-financial matter'.
- Kasper reported the threat to law enforcement and chose to step down rather than compromise her position at NAR.
- Kasper's resignation is the latest in a series of executive changes at the NAR, following the resignation of her predecessor Kenny Parcell over sexual harassment allegations and the early retirement of former NAR CEO Bob Goldberg.
- NAR was recently found liable for $1.8 billion in damages over a conspiracy to keep realtor commissions high, a verdict it is currently appealing.
- Kevin Sears, the association's current president-elect, will replace Kasper as president.