Several groups which represent real estate agents in British Columbia will not be amalgamating despite strong support.
Six real estate boards were proposing an amalgamation with British Columbia Real Estate Association (BCREA) under a ‘Realtors of BC’ banner and at a meeting Tuesday more than 67 per cent of members agreed.
However, of the six boards - BC Northern, Fraser Valley, Kamloops & District, Okanagan Mainline, Greater Vancouver and South Okanagan – three failed to meet the required voting threshold, stalling the plan.
"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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