Today, the National Association of Realtors® (NAR) announced it is revamping its internal structure in a move aimed at creating a more cost-effective organization. This will impact a total of 61 roles.
NAR revealed staffing changes that are part of a larger strategy to streamline operations, reduce expenses, and reallocate some of the budget to Advocacy, Research, Data, and Education functions.
Where the Cuts Are Happening
According to the release, NAR will be eliminating 41 existing positions and 20 open roles, affecting a range of departments, including:
- Creative and Content Strategy
- Digital Strategy
- Public Relations and Communications
- Meetings and Events
- Member Development
- Human Resources
- Member Engagement
- Member Experience
- Research
- Finance
- IT
Nykia Wright, CEO of NAR, summed up the rationale behind these staffing changes:
“The industry is changing, and it is our responsibility to lead and change with it. As we continue managing our finances to meet the challenges of today and tomorrow, we need to invest in the best people, adopt the right processes, and apply the most advanced, cost-effective technology while remaining prudent financial stewards of the enterprise.”
New Leadership Moves
NAR has been steadily reshaping its leadership team, with several promotions and key hires aimed at reinforcing its core initiatives. Recent updates include:
- Matthew Cenedella – Named Chief Financial Officer
- Jonathan Waclawski – Promoted to General Counsel & Senior VP, Legal
- Jarrod Grasso – Hired as Senior VP, Industry Relations
- Sherry Chris – Appointed Special Advisor of Brokerages
- Sharon White – Named Chief Human Resources Officer
- Shannon McGahn – Elevated to Executive VP & Chief Advocacy Officer
- Mark Birschbach – Promoted to Executive VP, Strategic Business, Innovation & Technology
These changes are aimed to align with NAR’s focus on redefining the member experience, strengthening relationships with brokerages and associations, and making governance more agile and forward-thinking, according to the release.
Stay tuned for updates as we learn more.
