Dan Morrison
other
On December 6, we’ll hold a Special General Meeting for you to vote on whether your Board should amalgamate with BCREA and nine other real estate boards in the province. To pass, two-thirds of members at that meeting will need to vote in favour.
For the amalgamation to go forward, a minimum of four real estate boards with a collective membership of 15,000 or more would need to vote in favour along with BCREA. Since REBGV represents nearly 13,000 of the approximately 20,000 REALTORS® in the province, this amalgamation cannot occur without our participation.
The vote was initially scheduled for the end of June, however, the leadership across the province recognized that more time is needed to consult with you. We think it’s essential that you have a deep understanding of this proposal before you’re asked to vote.
The government is also modernizing the Societies Act, which governs not-for-profit associations in BC. The new Act will take effect in November and will impact how we must approach an amalgamation. We felt more comfortable waiting for the updated legislation to take effect before holding a member vote.
This is a large and complex initiative. We want to work with you to gain a common understanding of what an amalgamation would mean for you and the structure of organized real estate in BC.
We’ve long advocated for improvements to the structure of organized real estate in BC. If successful, this initiative would allow us to create a more efficient operating structure for our profession.
For more information on this proposal, click here to read a backgrounder document that contains some of your most frequently asked questions.
We’ll host several more member meetings leading up to the vote and we’ll provide regular updates in our communications and on www.rebgv.ca. We’ve also created a dedicated website for this initiative at www.realtorsofbc.ca.
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