Current:Home > StocksNational Association of Realtors president resigns amid report of sexual misconduct -Insightful Finance Hub
National Association of Realtors president resigns amid report of sexual misconduct
View
Date:2025-04-13 02:19:38
The president of the National Association of Realtors has resigned only days after the New York Times reported allegations that he sexually harassed several women who worked at the powerful trade group.
Realtor Magazine, which is published by NAR, said Parcell had resigned Monday in wake of the Times's August 26 story, which detailed the experiences of three women who accused the former executive of inappropriate conduct. The women allege Parcell sexually harassed them in a variety of ways, including through "improper touching" and sending "lewd photos and texts," according to the Times.
Neither Chicago-based NAR nor Parcell, a Utah real estate agent, responded to a request for comment. But he denied any wrongdoing in a letter to NAR board members published by real-estate news website RISMedia. "I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions," Parcell said in the letter, according to the site.
Parcell was named president-elect of NAR, a non-profit real estate organization with more than $1 billion in assets, in 2021. The Times' investigation — which incorporates accounts from 29 current and former NAR employees and cites 16 allegations of sexual harassment or abusive conduct against Parcell — also detailed a "deep-rooted system of intimidation" at NAR aimed at silencing workers who complained about such conduct.
New NAR President Tracy Kasper, who stepped in following Parcell's exit, vowed to reform the organization's culture in a statement on Monday.
"I'm incredibly sorry for what's led us here," she said. "We recognize there is lots of concern, anger and disappointment, and we want to acknowledge the people who have come forward."
NAR is forming a presidential advisory group to "make recommendations for ensuring a healthy relationship between staff and members," in addition to encouraging employees to speak up about harassment they may have experienced at the organization, according to Kasper.
- In:
- Sexual Harassment
- Lawsuit
- Real Estate
veryGood! (46)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Bachelor Nation's Joey Graziadei Shares How Fiancée Kelsey Anderson Keeps Him Grounded During DWTS
- Apple's insider leaks reveal the potential for a new AI fix
- What if you could choose how to use your 401(k) match? One company's trying that.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Residents clean up and figure out what’s next after Milton
- Trial opens of Serb gunmen accused of attacking Kosovo police
- Days of Our Lives Star Drake Hogestyn's Cause of Death Revealed
- Stamford Road collision sends motorcyclist flying; driver arrested
- Opinion: As legendary career winds down, Rafael Nadal no longer has to suffer for tennis
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
- Maryland candidates debate abortion rights in widely watched US Senate race
- Knoxville neighborhood urged to evacuate after dynamite found at recycler; foul play not suspected
- This was the average Social Security benefit in 2004, and here's what it is now
- Teen dies suddenly after half marathon in Missouri; family 'overwhelmed' by community's support
- What if you could choose how to use your 401(k) match? One company's trying that.
- Fans of Anne Hathaway and Nicholas Galitzine's Idea of You Need This Update
Recommendation
Tom Holland's New Venture Revealed
Martha Stewart admits to cheating on husband in Netflix doc trailer, says he 'never knew'
The Latest: Hurricanes have jumbled campaign schedules for Harris and Trump
Get Over to Athleta's Online Warehouse Sale for Chic Activewear up to 70% off, Finds Start at $12
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Pregnant Brittany Mahomes Shares Glimpse at Zoo Family Day With Patrick Mahomes and Their Kids
Opinion: It's more than just an NFL lawsuit settlement – Jim Trotter actually won
JPMorgan net income falls as bank sets aside more money to cover potential bad loans