“There’s a lot to do to support Alberta realtors and our CREB members, but we see a clear path to being able to do so more efficiently and more effectively by doing it together,” said Alan Tennant, president and CEO of CREB.
He said local decision-making will be maintained but operations of the organizations will be amalgamated to create “substantial” savings, and this has been the industry trend over the last several years. Tennant said pushback previously revolved around a system that was already working for the local sector and not wanting to mess with it. He said they have taken a different approach this time out when it comes to engagement and dealing with issues. He said they have incorporated many member concerns into the structure and framework of the consolidation.Article content
The vote will take place in-person and virtually, requiring 50 people for quorum with at least 66 per cent of the vote for a merger for it to go forward.The CREB is one of the largest and oldest real estate boards in Canada, and was formed in 1943. Tennant said a number of its founders had a hand in creating AREA in 1947 and the organizations have worked together throughout the decades along with the Canadian Real Estate Association.