New chief at Greater Fort Worth Association of Realtors ready for fast-growing housing market 

dfwnewsa | March 16, 2024 | 0 | Fort Worth , Fort Worth News

New chief at Greater Fort Worth Association of Realtors ready for fast-growing housing market 

Suzanne Westrum is the new CEO of the Greater Fort Worth Association of Realtors. (Courtesy photo | Greater Fort Worth Association of Realtors)
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In February, the Greater Fort Worth Association of Realtors named Suzanne Westrum as its new chief executive officer. Westrum brings more than 15 years of experience, most recently as CEO of the Prescott Area Association of Realtors. 

She also brings plenty of knowledge of Texas, originally hailing from San Antonio. Westrum began her career in real estate there, first as communications director and later as vice president of communications and marketing at the San Antonio Board of Realtors. She holds a Bachelor of Arts in English and Communication Arts from St. Mary’s University and a Master of Arts in Public Relations from Webster University, both in San Antonio. 

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In working with Realtors, Westrum, 41, led strategic initiatives, oversaw signature events and helped advance advocacy goals of the organizations; she plans to continue that work here. Along with a focus on strategic direction, she will also promote the value of Realtors, enhance member engagement and provide members with educational opportunities. 

“Advocacy is a big part of what we do as a trade association,” she said. “Making sure that we’re protecting private property rights in the area, that’s something we’ll continue to do. “ 

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Westrum is also big on developing leadership and that will be another focus for her. 

“We’ve got strong leadership here at the association and we want to continue with that, identifying the leaders, kind of building them up and having that strong pipeline of leaders going forward,” she said. 

Key for membership is for the organization to be the best resource for information on what is going on in the industry. 

“I’ve been in the real estate industry since 2012 and it has changed a lot,” she said. “It continues to evolve with technology, so we want to make sure our agents and members are staying up to date on the latest technology so that they can stay relevant for their consumers.” 

The Greater Fort Worth Association of Realtors was established in 1918 and has about 5,000 Realtors and affiliate members. 

“I’m excited to be a part of such a great organization,” Westrum said. “It’s a well respected organization. I’ve always heard of it even working down in San Antonio. I’m very honored to be the person here getting to help move things forward.” 

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Realtor group settles litigation

The National Association of Realtors announced March 15 an agreement that would end litigation of claims related to broker commissions brought on behalf of home sellers. 

The settlement, which is subject to court approval, could mean big changes for homeowners and buyers. It means that the longstanding practice of sellers paying about 6% in fees in commissions to agents might no longer be standard. According to a National Association of Realtors news release, the trade group for U.S. real estate agents would pay about $418 million over about four years. The association, which has about 1.5 million members, continues to deny any wrongdoing in connection with the Multiple Listing Service cooperative compensation model rule that began in the 1990s. 

“NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers. It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. This settlement achieves both of those goals,” said Nykia Wright, interim CEO of NAR, in a statement. 

Real estate deals 

Edgestone Investments LLC has sold a 1,680-square-foot industrial condominium at 13017 Harmon Road, Suite 201, Fort Worth, to Arzou Autohaus LLC. Richard Hitz, vice president of Bradford Commercial Real Estate Services, represented the seller. Nick Fulton of Mercer Co. represented the buyer.

PDMS Design Group Inc. has renewed 8,653 square feet of office space in Arlington Downs Tower, 2225 E. Randol Mill Road, Arlington. Erik Blais, senior vice president of Bradford Commercial Real Estate Services, and Richmond Collinsworth, senior vice president and managing partner, represented the landlord, Bradford ADT Partners LLC, in the direct deal.

Do you have something for the Bob on Business column? Email Bob Francis at bob.francis@fortworthreport.org. Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.

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