BC Real Estate Association Amalgamation Proposal Falls Flat
Prince George, B.C. – The proposal to amalgamate all 6 real estate boards in B.C. and create one board to be called Realtors of BC has been rejected.
In order for the proposal to move ahead, at least four of the existing boards, would have had to vote in favour of the move. Not all members were sold on the idea.
While the BC Northern Board, which includes realtors in Prince George, voted 89% in favour, it was only one of three to agree to the amalgamation.
The proposal fell short of the necessary approval in Kamloops, the Okanagan and the Fraser Valley.
“It’s true that I’m disappointed in the outcome of the REALTORS® of BC vote” says BCREA President Deanna Horn, ” This was a historic moment for our profession in BC, one that could have set the course to build a different future. However, our members have spoken and, collectively, we are not ready to proceed with REALTORS® of BC at this time.”
She says while the various Boards will continue to operate as they do now, it will not be ‘status quo’ “The industry is facing a number of challenges that must be addressed” says Horn, “We must now find ways to work together and
address these challenges.”
The challenges include:
- inefficiencies and duplication that costs members;
- regulatory changes
- damage to the profession’s reputation over the past six months.
Horn says the BCREA is now planning to develop a new strategic plan for the organization but will continue to provide services such as economic analysis, advocacy and education.