Real Estate Board Amalgamation Does Not Pass Despite Member Support
Vancouver, BC – December 12, 2016. At Special General Meetings held at six real estate boards
on Tuesday, more than 67% of REALTORS® voted yes to a proposal to amalgamate with the
British Columbia Real Estate Association to form REALTORS® of BC.
However, while three of the boards voted in favour of amalgamation, three boards didn't reach
the required voting threshold. Therefore, the proposal did not achieve critical mass to move
forward. Here are the results from the participating boards:
| ||Vote Needed ||Vote Results |
|BC Northern Real Estate Board ||75% ||89% |
|Fraser Valley Real Estate Board ||75% ||63% |
|Kamloops and District Real Estate Association ||75% ||70% |
|Okanagan Mainline Real Estate Board ||67% ||56% |
|Real Estate Board of Greater Vancouver ||67% ||69% |
|South Okanagan Real Estate Board ||75% ||79% |
"While we are disappointed with the outcome, it's clear that many REALTORS® supported this
initiative," says Deanna Horn, President, British Columbia Real Estate Association. "Organized
real estate is changing and we need to continue evolving to support our members, the
profession and our customers. We want to work closely with all of our member boards on what
the future could look like and how we can address the challenges we are collectively facing."
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BCREA is the professional association for over 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.
To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
For more information, please contact:
|Damian Stathonikos |
|Director of Communications and Public Affairs |
|Direct: 778.990.1320 |
|Email: [email protected] |
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