Next steps for real estate board amalgamation announced

Monday, August 29th, 2016

Justin da Rosa

Further details have been revealed around British Columbia’s forthcoming real estate board unification.

“To provide all BC real estate boards with sufficient time to fully engage members and ensure they have enough information to make an informed decision, the member vote will be held on Tuesday, December 6, 2016,” the British Columbia Real Estate Association said in its latest member bulletin.

“This will be a historic opportunity to have a say about the future of your profession. Voting will take place at each participating real estate board and will be carried out based on their current bylaws.”

The boards that will participate in the vote are BC Northern Real Estate Board, Fraser Valley Real Estate Board, Kamloops and District Real Estate Association, Okanagan Mainline Real Estate Board, Real Estate Board of Greater Vancouver and South Okanagan Real Estate Board.

For amalgamation to move forward, four real estate boards and a total of 15,000 members and BCREA must vote in favour and, in the event of a “yes” vote, transition preparations would commence immediately.

Licencees from boards across B.C. were polled in late July to ascertain general sentiment around the potential amalgamation.

“Key takeaways included that, of Realtors who completed the poll a high majority, 88 per cent, were aware of the initiative and of those individuals, 75 per cent were in strong support of it,” BCREA said. “However, valuable feedback was provided that half of the members polled reported feeling that they didn’t have enough information to make an educated decision on December 6.

“This requirement for better communication and further information will be an imperative priority for the initiative moving forward to inform and engage with members.”

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