LOS ANGELES — The CEO of the National Association of Realtors is stepping down almost 2 months before his prepared retirement, a relocation that comes simply 2 days after the trade group was dealt a penalizing judgement in federal court over its standards on genuine estate representative commissions.
The Chicago-based NAR stated Thursday that Bob Goldberg would be stepping down after a 30-year profession at the trade association. Nykia Wright, previous CEO of the Chicago Sun-Times, was tapped to take over on an interim basis, start Nov.20
In June, Goldberg, 66, revealed prepares to retire on Dec.31 His early exit comes throughout a rough week for the NAR. On Tuesday a federal jury in Kansas City, Missouri, bought the trade association and some of the country’s greatest genuine estate brokerages to pay practically $1.8 billion in damages after finding they synthetically pumpedup commissions paid to genuine estate representatives.
The class-action fit was submitted in 2019 on behalf of 500,000 home sellers in Missouri and some border towns. The jury discovered that the offenders “conspired to need home sellers to pay the broker representing the purchaser of their homes in infraction of federal antitrust law.”
NAR and the other offenders might be on the hook for more than $5 billion if the court chooses to award the complainants treble damages, which permits complainants to possibly get up to 3 times real or compensato