After a decade main the commerce group’s authorized crew — together with by sexual harassment scandals and quite a few anti-trust fee lawsuits — Johnson is leaving.
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Katie Johnson, the pinnacle of the Nationwide Affiliation of Realtors’ authorized crew, is departing from the 1.5-million-member commerce group after almost 20 years, NAR informed Inman Tuesday.
After Inman inquired concerning a rumor that Johnson had simply been fired, an NAR spokesperson informed Inman minutes later that was “not correct.”
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Katie Johnson
“Katie Johnson is stepping down as Chief Legal Officer and Chief Member Experience Officer after 17 years of dedicated service to NAR,” the spokesperson mentioned in a press release.
“Having joined NAR in 2007, Katie has spent the majority of her profession dedicated to fulfilling NAR’s mission to make homeownership a actuality for all People. We’re grateful for her service.
“As we make this transition, our priority is ensuring business continuity and remaining laser focused on shepherding NAR through this time of significant industry change.”
Inman has requested why Johnson is stepping down, when she is stepping down and who will substitute her. We are going to replace this story if and when responses are acquired.
Johnson’s exit comes simply over a month after NAR named Nykia Wright its first feminine CEO.
In 2014, Katie Raynolds Johnson, then the group’s affiliate counsel, turned NAR’s normal counsel and the successor to NAR’s longtime authorized champion Laurie Janik after Janik’s retirement. She was promoted because the commerce group was embroiled in litigation with NeighborCity.com operator American Residence Realty Community. Now, she leaves as NAR offers with an impending antitrust investigation by the U.S. Division of Justice.
Johnson turned NAR’s chief authorized officer in March 2023, in response to her LinkedIn profile. She led the affiliation’s authorized division by years of turmoil, notably within the final 5 years when a number of antitrust lawsuits and sexual harassment scandals rocked the group.
Throughout Johnson’s tenure, NAR suffered a surprising defeat at trial in a case generally known as Sitzer | Burnett, during which a jury discovered NAR and main actual property franchisors had conspired to inflate dealer commissions and awarded a category of Missouri homesellers billions in damages. NAR’s authorized crew negotiated a $418 million deal in March to settle that case and different related instances nationwide.
That settlement, which has not but acquired ultimate court docket approval, earned blended reactions from the commerce group’s members. Shortly earlier than that improvement, NAR had repeatedly mentioned it might enchantment the decision.
In November, at NAR’s annual convention, the commerce group held a authorized replace that includes Johnson and colleagues Lesley Muchow, NAR’s normal counsel, and Charlie Lee, NAR’s senior counsel.
Then-NAR President Tracy Kasper launched the three and mentioned of them,”That is the epitome of grace underneath fireplace. That is the epitome of consultants that we’ve in our home; these watching out for us all of those years. They’ve labored tirelessly for us.”
In accordance with NAR’s nonprofit tax filings, NAR paid Johnson $375,185 in compensation in 2014 for working a median of 37.5 hours per week. In 2022, the most recent yr out there, Johnson acquired $1.021 million for working a median 50 hours per week. Within the 9 years between 2014 and 2022, Johnson pulled in a complete of $6,227,762 in compensation from NAR.
Katie Johnson’s Whole Compensation 2014-2022
2014
$375,185
2015
$440,163
2016
$497,435
2017
$579,225
2018
$692,747
2019
$766,398
2020
$891,977
2021
$963,164
2022
$1,021,468
Whole:
$6,227,762
Supply: NAR’s Kind 990s through ProPublica
Johnson, the daughter of two Realtors, earned her legislation diploma in 2005 and spent almost two years at Chicago legislation agency Gardiner Koch Weisberg & Wrona earlier than coming to NAR as affiliate counsel in October 2007.
Editor’s notice: This story has been up to date.
Electronic mail Andrea V. Brambila.
