The National Association of Realtors (NAR), a preeminent trade group for commercial and residential real estate professionals, confirmed on Tuesday that Katherine “Katie” Johnson is stepping down from her role as the group’s chief legal officer. Johnson has been a key figure at the NAR for 17 years, initially joining as an associate counsel in 2007 and rising to the position of general counsel in 2014.
In its official statement, the NAR expressed gratitude for Johnson’s years of service. “Katie has spent the bulk of her career committed to fulfilling NAR’s mission to make homeownership a reality for all Americans,” the organization remarked. Her departure coincides with a notably turbulent period for the U.S. housing market and comes on the heels of the NAR reaching a $418 million antitrust settlement earlier this year. This financial repercussion follows accusations of anti-competitive practices within the real estate industry, further compounding the organization’s challenges.
For more information on Katie Johnson’s tenure and the implications of her departure, you can read the full article on Bloomberg Law.