NAR president steps down alleging blackmail threat

The president of the embattled National Association of Realtors, Tracy Kasper, announced on Monday she would step down alleging blackmail, according to the association.

The president of the embattled National Association of Realtors, Tracy Kasper, announced on Monday she would step down, alleging blackmail, according to a statement from the association. Kasper – who has led the nation’s largest professional trade organization, with 1.5 million members, since August when she took over for the former president who resigned amid allegations of sexual harassment – informed NAR’s leadership team that she recently received a threat to disclose a past personal, non-financial matter unless she compromised her position at NAR, the statement said. Kasper refused to do so and instead reported the threat to law enforcement and decided it was best for the organization that she step down, according to the association. This story is developing and will be updated.