Bob Goldberg, National Association of Realtors CEO, stepping down days after federal court judgment

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The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement, a move that comes just two days after the trade group was dealt a punishing judgement in federal court over its guidelines on real estate agent commissions.

A sale sign stands outside a home in Wyndmoor, Pa., Wednesday, June 22, 2022. The CEO of the National Association of Realtors is stepping down, Thursday, Nov. 2, 2023, nearly two months before his planned retirement, a move that comes …is stepping down nearly two months before his planned retirement, a move that comes just two days after the trade group was dealt a punishing judgment in federal court over its guidelines on real estate agent commissions.

The class-action suit was filed in 2019 on behalf of 500,000 home sellers in Missouri and some border towns. The jury found that the defendants “conspired to require home sellers to pay the broker representing the buyer of their homes in violation of federal antitrust law.

In a statement Thursday, Goldberg said: “After announcing my decision to retire earlier this year, and as I reflected on my 30 years at, I determined last month that now is the right time for this extraordinary organization to look to the future.”President Kenny Parcell resigned following a report in The New York Times that detailed sexual harassment allegations against the Utah broker by employees and members of theIts size and influence in the U.S.

 

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National Association of Realtors CEO resigns amid new legal pressuresThe announcement follows the recent resignation of NAR's president amid sexual harassment allegations and a jury verdict issued against the organization over how real estate agents receive commissions.
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