Blackmail Threat Leads To Resignation Of NAR President


The president of the National Association of Realtors has stepped down after allegedly receiving a threat to disclose a past personal matter.

Tracy Kasper reported the threat to law enforcement and informed NAR’s Leadership Team. The threat involved a non-financial matter, according to a press release.

“As president and a long-time member of NAR, I always have put the interests of NAR first. As a result of the recent threat and given the significance of this moment for myself, my family, and the organization, it is again time for me to put the interests of NAR first. So, it is with a mix of gratitude and a heavy heart that I submit my resignation as your president effective immediately,” Kasper said in a statement.

The threat demanded Kasper compromise her position at NAR. Leaders there said they are “deeply concerned about any attempt to undermine its governance” and are “taking steps to protect the integrity of the organization.”

Kasper, a 30-year real estate veteran in Boise, Idaho, stepped into her presidency early following Utah broker Kenny Parcell’s decision to resign his position as president in August.

Parcell was accused of sexual harassment by NAR staff and members. Association leaders vowed at the time to do better and rebuild trust within the organization.

President-elect Kevin Sears will step into the role of NAR president effective immediately. He is a realtor from Springfield, Mass.

The National Association of Realtors is America’s largest trade association, representing more than 1.5 million members in the residential and commercial real estate industries.

Listen To Our Podcast:

Read More Articles:

Value Of Realtors Hot Topic In Wake Of Legal Actions

UWM’s Ishbia Shows Support For Real Estate Agents In Wake Of Legal Actions

How Will AI Change The Mortgage Market In 2024?

Sign up for our free newsletter.