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“Resignation of NAR’s New President Due to Blackmail Threats”

"Resignation of NAR's New President Due to Blackmail Threats"

The National Association of Realtors (NAR) has announced the resignation of its president, Tracy Kasper, following alleged blackmail threats. According to Kasper, she was threatened with the disclosure of a personal matter unless she compromised her position at NAR.

Kasper’s departure comes after only a few months in her role and adds to the challenges faced by NAR. She will be succeeded by President-elect Kevin Sears. This sudden change in leadership is another setback for an organization that has already undergone multiple changes due to legal issues and a sexual misconduct scandal.

Kenny Parcell, who served as NAR president before Kasper, resigned last year amid accusations of sexual harassment towards female colleagues. In 2023, a federal jury found both NAR and some residential brokerages liable for $1.78 billion in damages for colluding to artificially inflate home sales commissions.

The new development at NAR highlights ongoing concerns within the real estate industry regarding ethical practices and transparency.

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