Real Estate 2025: RICK LUGG

In January, Lugg became Virginia Realtors’ new head, succeeding Terrie Suit, who retired last fall. Martin Johnson, the organization’s chief external affairs officer, served as interim CEO.

Virginia Realtors represents nearly 35,000 Realtors and is billed as the state’s largest trade association. Lugg joined the organization in 2009 and was most recently its chief financial officer and chief operating officer, after working in management roles at Circuit City. As COO and CFO, Lugg was behind Virginia Realtors’ rebranding and website redesign in 2017, and he helped steward the association during the height of the 2009 financial crisis. He received Virginia Business’ Virginia CFO Award for small nonprofits/government agencies in 2019.

Lugg also was a programmer analyst in the Air Force and earned a bachelor’s degree from Troy University and an MBA from the University of Richmond. He serves as a small

business mentor for the Richmond chapter of SCORE.

Virginia Realtors sends out monthly home sales reports for the state. This year, sales have been “sluggish,” according to the association’s May report, although sales prices are still rising.

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