National Association of Realtors (NAR) Board President Tracy Kasper resigned Jan. 8, citing a blackmail threat, according to an NAR statement. 

It’s the latest sign of turmoil in the group and comes on the heels of the resignations of former board president Kenny Parcell in August 2023, following sexual harassment allegations, and former CEO Bob Goldberg, who exited NAR in November 2023 after initially planning to depart at the end of this year.

According to the NAR statement, Kasper received a threat to “disclose a past personal, non-financial matter unless she compromised her position at NAR.”

Kasper refused and reported the blackmail attempt to law enforcement, the statement said.

“As president and a long-time member of NAR, I always have put the interests of NAR first,” Kasper said in the statement. 

“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,” she said.

NAR said that its president-elect, Kevin Sears, would become board president immediately.

Kasper’s resignation also follows a Dec. 27, 2023, article in The New York Times that reported NAR was in “real danger” of insolvency after losing a legal battle on broker commissions that resulted in a $1.8 billion judgment against the group and several real-estate brokerage codefendants.