National Association of Realtors CEO Bob Goldberg quits earlier than expected after federal lawsuit loss


The National Association of Realtors (NAR) announced on Thursday that its CEO, Bob Goldberg, will resign at the end of the month, nearly a year before his previously planned retirement date. The announcement comes days after a federal jury found the NAR liable for artificially inflating home sales commissions, ordering the association to pay $1.78 billion in damages.
Goldberg has said that his decision to resign is unrelated to the lawsuit, but the timing of his departure is likely to raise eyebrows. The NAR is facing increasing scrutiny from both consumers and regulators over its business practices, and the lawsuit loss is a major blow to the association.
It remains to be seen how Goldberg's resignation will impact the NAR's ongoing legal troubles. The association has said that it plans to appeal the jury's verdict, but it is possible that the lawsuit could lead to significant changes in the way that real estate commissions are set.

#progroleads #progrorealestate #NAR #BobGoldberg #realestate #commissions #antitrust #lawsuit #resignation #fallout #industry #consumers #homebuyers #sellers #realestateagents #housingmarket #affordability 



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