T
he National Association of Realtors' (NAR) leadership has been enjoying a luxurious lifestyle, courtesy of the organization's funds. According to an investigation by the New York Times, executives and high-ranking leaders have been receiving perks such as tickets to Broadway shows, first-class flights, and lavish dinners with expensive wine. These benefits are part of a pattern of excessive spending that has raised eyebrows among nonprofit watchdogs.

    Experts say this behavior could potentially violate tax laws, which prohibit nonprofit employees and leaders from using funds for personal gain. "It's highly unusual for volunteer leaders to receive compensation at these levels," said nonprofit lawyer Jeff Tenenbaum. The NAR's former CEO, Bob Goldberg, earned a $1.2 million salary, while elected leadership roles came with six-figure payments and corporate cards.

    The organization's spokesperson, Mantill Williams, defended the spending by stating that it was designed to offset commissions leaders might have earned had they not been occupied by their leadership role. However, two former employees recalled only one instance where the organization tried to crack down on spending, which involved buying too many tickets for a Broadway show.

    The NAR is currently facing a crisis of confidence due to sexual harassment allegations, executive turnover, and antitrust lawsuits over its commission-sharing practices. The organization has agreed to pay $418 million to settle these lawsuits and implement rule changes to prevent members from offering commissions to buyers' agents on multiple listing services.