Tessa Hultz out as CEO of LIBOR

Tessa Hultz has resigned her post as CEO of the Long Island Board of Realtors. 

LIBOR’s Board of Directors has appointed Doreen Spagnuolo, the organization’s general counsel, to serve as interim CEO while it conducts a search for Hultz’s successor. 

In a statement posted on the LIBOR website, an announcement said that Hultz was leaving “to take some well-deserved downtime,” but no other reasons were given for her departure. An email sent to LIBN from a LIBOR spokesperson said Hultz’s resignation was “effective immediately.” 

Hultz was tapped as LIBOR CEO in Jan. 2019 following a nationwide search. She filled the void left when LIBOR’s long-time CEO Joe Mottola retired. Mottola had served as the chief executive for both LIBOR and the Multiple Listing Service of Long Island for 43 years. 

Before taking the helm of LIBOR, the well-traveled Hultz had been an executive with several real estate listing services, including the Columbia Board of Realtors in Columbia, Mo., the St. Louis Association of Realtors, the Wichita Area Association of Realtors, the South Central Kansas MLS. She was president of the Triangle Multiple Listing Service and CEO of the Raleigh Regional Association of Realtors before coming to Long Island. 

The West Babylon-based LIBOR has about 30,000 members and is one of the largest trade groups of real estate professionals in the country. It serves as a nonprofit affiliate of OneKey MLS, which was formed in the 2018 merger of the Long Island Multiple Listing Service and Hudson Gateway Multiple Listing Service. OneKey has more than 40,000 real estate brokers and agents as members and serves Long Island, Manhattan and the lower Hudson Valley. 

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