The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to "compromise" her leadership role.
NAR President Tracy Kasper said she had notified the group's leadership team "that she recently received a threat to disclose a past personal, non-financial matter unless she compromised her position at NAR."
President-elect Kevin Sears will immediately step into the post at the group, which represents more than 1.5 million members working in the residential and commercial real estate industries.
and the majority owner of two other real estate companies in the state, according to her NAR bio.
Also, the article was updated to reflect that Kasper wasn't president of the NAR in 2016.
Persons:
Tracy Kasper, Kasper, Kevin Sears, Kenny Parcell, Bob Goldberg, Berkshire Hathaway, Silverhawk, CNBC's Diana Olick, Kasper wasn't
Organizations:
National Association of Realtors, NAR, New York Times, CNBC PRO
Locations:
Berkshire, Boise Valley , Idaho