MEMBER VOTE: PROPOSAL DOES NOT MOVE FORWARD

On Tuesday, December 6, at Special General Meetings held at six real estate boards, REALTORS® showed up in record numbers to vote on whether to participate in the proposed amalgamation of six real estate boards and the BC Real Estate Association into a new single organization, called REALTORS® of BC. Over 67 per cent of REALTORS® from the participating boards voted in favour of the initiative; clearly there is a REALTOR® appetite for change.

However, three boards voted in favour of amalgamation and 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:

ORGANIZATION Vote Needed Vote Results Voter Turnout
BC Northern Real Estate Board 75% 89% 79%
Fraser Valley Real Estate Board 75% 63% 37%
Kamloops and District Real Estate Association 75% 70% 77%
Okanagan Mainline Real Estate Board 67% 56% 65%
Real Estate Board of Greater Vancouver 67% 69% 13%
South Okanagan Real Estate Board 75% 79% 90%