National Association of Realtors CEO resigns earlier than anticipated following federal lawsuit defeat.

• At the end of the month, the National Association of Realtors' CEO, Bob Goldberg, will resign.
• Goldberg had previously said he would retire at the end of 2024.
• The federal jury has ruled that the association is responsible for artificially increasing home sales commissions.

The National Association of Realtors announced on Thursday that CEO Bob Goldberg will resign earlier than anticipated due to the organization's ongoing struggles with a federal lawsuit and a harassment scandal.

The NAR was found liable for conspiring to inflate commissions from home sales and ordered to pay $1.78 billion in damages, following a federal jury's decision.

The jury's verdict has the potential to disrupt real estate agents' practices to increase commissions as home prices increase. The trade group intends to challenge the decision and request lower damages.

Goldberg's decision to step down was not influenced by the lawsuit mentioned by the association.

In August, The New York Times published a story about sexual harassment claims against Kenny Parcell, the president of the NAR, who resigned two days later.

Starting Nov. 30, Goldberg will be replaced by Nykia Wright, who is currently serving as interim CEO while the association searches for a permanent replacement.

Goldberg announced his plans to retire from NAR at the end of 2024, after spending three decades with the association. However, he will continue to serve as an executive consultant during the transition period.

He announced his decision to retire earlier than planned in a release on Thursday.