Countdown as big chunk of $418M commission settlement comes due

As NAR’s spending comes under the microscope, an Inman analysis of financial filings shows how it doled out funds prior to 2023 — and the likelihood of membership dues rising in the coming years. Continue reading

NAR perks and lavish spending spotlight of New York Times report

Volunteer National Association of Realtors’ leaders received perks and payment that lawyers say could run afoul of US tax laws, according to an investigation by the Times published on Monday. Continue reading

NAR vows to assess legal risk of current policies

New CEO Nykia Wright told NAR’s board of directors the trade group’s next step will be to develop a “comprehensive” litigation strategy and size up any additional legal exposure related to its rules. Continue reading

In historic first, Nykia Wright named first female CEO of NAR

Wright has served as NAR’s interim CEO since November after she replaced Bob Goldberg. She was instantly thrust into leading an organization in turmoil. Continue reading

Umansky says industry is in ‘trouble’ as he debuts NAR rival

The founder of The Agency is part of a team launching the American Real Estate Association as NAR continues to face criticism and legal trouble. Continue reading

Realtors fear damage to NAR brand beyond repair following Kasper exit

Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper’s resignation as president after less than five months doesn’t bode well for NAR’s reputation. Continue reading

James Dwiggins: NAR needs a top-down overhaul

Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits. Continue reading

How well do you remember 2023’s biggest real estate stories?

Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate’s most eventful years in recent memory. Continue reading

Pending home sales stagnate in November despite rate relief

November’s numbers show pending sales didn’t move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead. Continue reading

From Sitzer to Moehrl, 2023 was the year of commission confusion

Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs. Continue reading