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 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

R New York becomes 1st big brokerage to join NAR challenger

With the addition, roughly 800 agents will boost the American Real Estate Association’s membership by nearly 30 percent to about 3,800 members. Continue reading

NAR halts ‘presidential initiatives’ for next 2 years amid turmoil

The trade group will not take on pet projects for the duration of NAR President Kevin Sears’ tenure, which is slated to last until November 2025, he told NAR’s Board of Directors Wednesday morning. 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

NAR president sidesteps palace intrigue in 1st address to members

Newly installed NAR President Kevin Sears will remain in position for nearly two years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business. 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

NAR hires new marketing and comms chief amid tumultuous year

Suzanne Bouhia will shape NAR’s communication strategy as the organization deals with lawsuits, scandal and a harrowing year in real estate. Continue reading