Wright has served as NAR’s interim CEO since November, succeeding Bob Goldberg. She is immediately forced to lead an organization in disarray.
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The National Association of Realtors named Nykia Wright as full-time chief executive on Monday, more than nine months after she took over on an interim basis.
Wright is now the 13th CEO of the 117-year-old organization and the first woman to hold the position.
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Two days later, Wright was elected for the first time to lead the 1.5 million-member trade association. The jury reaches its verdict Going up against NAR and other major real estate players at landmark Sitzer | Burnett’s decision has thrown the entire industry into disarray.
Wright served as head of the organization during which it reached a major settlement with home seller plaintiffs, in which NAR agreed to pay $418 million and implement sweeping changes, Effective on weekends.
NAR has not publicly set an end date for Wright’s interim term, saying only that she will serve in the role while the organization conducts an investigation. Nationwide search Permanent replacement. NAR Chairman Kevin Sears said in April He asked Wright to extend his contract and remain as interim CEO until the end of the year.
On Monday, NAR officially announced that Wright would remain in the position.
“I am pleased that Nykia will remain with the company to lead us through this transformational period,” Sears said in a statement. “She has been instrumental in leading us to this point, and she is unwavering in her commitment to our members.” ”
Wright succeeds Bob Goldberg, who served from August 2017 until his retirement in November 2023. He held this position from 2005 to 2017.
Wright is mired in an ongoing turmoil that includes mounting legal challenges, scrutiny from federal regulators and Brewing employee rebellion.
When she joined NAR in November, the organization had publicly stated that it would appeal Sitzer | The verdict of the Burnett Jury. Financial analysts predict that NAR’s core members face challenges that will lead many of them to abandon the real estate industry. member Start a public inquiry Is the real estate agent brand ruined forever, and the competition association Has begun to take shape.
Wright said in a recent interview that her extensive business experience positions her to play a stabilizing role in major disruptions.
she led chicago sun times When it became one of the few major newsrooms to transform into a nonprofit entity.
In his interim role, NAR said Wright has been directing the implementation of a group tasked with improving the culture within the organization.
in a Interview last weekWright called on breakaway members to come back and share their voices with the group.
“There’s a saying, ‘Listen to the whispers so you don’t have to hear the screams,'” Wright said. “So when people want to leave, we start thinking about how to bring those people back.
“I’m a little concerned when people tend to back out now because their voices are not part of the solution going forward,” Wright said. “In business for yourself, but not in business for yourself, when you leave the association, I think [leaning out] Enter the “own” type box. I think we are really stronger together and we just have to keep proving that.
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