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The National Association of Realtors (NAR) announced the elimination of 61 positions in an overhaul by the association as being part of a “a months-long strategy to reduce costs, streamline operations, and reposition itself to offer robust solutions and support for its members and consumers.”

In a statement, the Chicago-based NAR said this overhaul “41 positions and eliminate 20 open roles that were redundant or that could be integrated elsewhere in the organization, for a total of 61 positions affected.” The impacted departments within NAR that will see the loss of employees include Creative and Content Strategy, Digital Strategy, Public Relations and Communications, Meetings and Events, Member Development, Human Resources, Member Engagement, Member Experience, Research, Finance and IT. NAR did not provide a timeline on when the positioned were being terminated.

NAR added it was also reducing expenses in some areas and reallocating budget dollars toward its Advocacy, Research, Data and Education functions, with the goal of providing “members access to more useful and critical resources.”

“The industry is changing, and it is our responsibility to lead and change with it,” said CEO Nykia Wright. “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.”

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