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."