REALTORS® of BC amalgamation will not proceed

At a Special General Meeting in Abbotsford on Tuesday, December 6, Fraser Valley members voted on a proposal to amalgamate our Board with five other real estate boards and BCREA to form REALTORS® of BC.

Of the 1,117 votes cast, 63% voted in favour. Under our board’s By-laws, a threshold of 75% was required to approve the motion, therefore the motion was defeated.

Of the six boards who voted today, three voted in favour of amalgamation and three did not meet the required voting threshold, meaning the proposal did not achieve critical mass – four boards with 15,000 plus members combined – to move forward with REALTORS® of BC.

Here are those results from today:

ORGANIZATION Vote Needed Vote Results
BC Northern Real Estate Board 75% 89%
Fraser Valley Real Estate Board 75% 63%
Kamloops and District Real Estate Board 75% 70%
Okanagan-Mainline Real Estate Board 67% 56%
South Okanagan Real Estate Board 75% 79%
Real Estate Board of Greater Vancouver 67% 69%

Thank you to members for the impressive turnout today.