While her career path and accomplishments are impressive by any measure, perhaps the most important thing to know about National Association of REALTORS® (NAR) interim CEO Nykia Wright—right now, in this moment—is that she is no stranger to handling adversity. Having served as a media CEO during a challenging period of upheaval, Wright is comfortable with handling the uncomfortable, and experienced in spearheading transformation.
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Just a word salad of empty platitudes, no substance that would assure members the new administration will change anything. Based on the culture evident in NAR the last decade this is likely another DEI hire with no real world expeience or skills and its no wonder others have noticed and stepped up because they think they can do a better job. NAR, Another example of GO WOKE, GO BROKE.
I have been earning a living in the real estate industry for 45 years. It has always been my understanding that if I listed a property for sale (or rent) that I would invite my collogues to help me and I would share the commission I had negotiated with the owner with them. But I had control during the time period of the listing. This is somewhat like Wall Street syndication where a firm is the lead in a stock offering and invites other firms to help sell or place the shares allocated to the syndicate at the “offering” price. The subordinates do not dictate terms and conditions to the syndicate lead, they either elect to participate or do not participate (their choice). It is a stretch to say that the seller pays the buyer’s broker. Rather, it is the listing broker who pays the buyer’s broker. If you, actively looking at listings for sale want to sell “my listing” I will share with you a portion of what I have negotiated with the seller as my “fee” for handling the transaction start to finish. Did I miss something?