'Chief Executive Of National Association Of Realtors Resigns; The Resignation Of Bob Goldberg Comes Days After A $1.8B Verdict Against N.A.R. And Two Months After The New York Times Exposed Complaints Of Sexual Harassment In The Group' - NY Times
Portfolio Pulse from Benzinga Newsdesk
Bob Goldberg, the chief executive of the National Association of Realtors (N.A.R.), has resigned following a $1.8 billion verdict against the organization and allegations of sexual harassment. The N.A.R. and several brokerages were ordered to pay damages for conspiring to inflate home commissions. Nykia Wright, former CEO of the Chicago Sun-Times, will serve as interim CEO. The N.A.R. plans to appeal the verdict.
November 02, 2023 | 6:10 pm
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NEUTRAL IMPACT
Redfin may be indirectly affected by the verdict against N.A.R. as it could lead to changes in the real estate industry's commission structure.
As a member of the N.A.R., Redfin could be affected by changes in the industry's commission structure following the verdict. However, the exact impact is uncertain as the N.A.R. plans to appeal.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Zillow could be indirectly affected by the verdict against N.A.R. as it could lead to changes in the real estate industry's commission structure.
As a member of the N.A.R., Zillow could be affected by changes in the industry's commission structure following the verdict. However, the exact impact is uncertain as the N.A.R. plans to appeal.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Zillow Group could be indirectly affected by the verdict against N.A.R. as it could lead to changes in the real estate industry's commission structure.
As a member of the N.A.R., Zillow Group could be affected by changes in the industry's commission structure following the verdict. However, the exact impact is uncertain as the N.A.R. plans to appeal.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50