Merger of 3 RE boards

Robin Lucy, the new chair of the Jeffco Realtor Association, would like to see the merger of three area boards completed by early next year.

Vote on whether you favor merging the boards at the end of this blog

There has been a lot of behind-the-scenes buzz among top officials in the world of Denver-area real estate this month regarding merging three real estate associations- the Denver Board of Realtors, North Metro Realtors Association and Jefferson County Association of Realtors. If it happens, it would create the largest Realtor-association in the state.

On Monday, Robin Lucy, who last week was inducted as the new chairman of the Jefferson County Association of Realtors, effective Oct. 1, has gone public with the information.

A press statement released on Monday noted that at Lucy’s acceptance speech last Thursday, he spoke about efforts to unify the three Realtor associations. Combined, the three boards would have  in the neighborhood of 5,000 members.

The vision for the new association includes having a “central and highly visible Realtor campus with strategically located service centers needs-based flex space throughout the area and a commitment to lower infrastructure costs,” according to the release.  Lucy’s goal is to have the JCAR membership vote in late November and a completed, unified association by late January 2011. Lucy, on Tuesday morning, said that he does not officially become the chairman of the board until Oct. 1, so he cannot go into details about the merger at this time. He did say the boards plan to release a joint statement at some point.

Lambert keeping members in the loop

Earlier, Barbara Lambert, CEO of the Denver Board of Realtors, sent out a memorandum to members, explaining that the during the past eight months, the seven metro-area Realtor associations, with the assistance of the National Association of Realtors, had been exploring unification options.

Lambert, in the memorandum she sent to members, noted that  “we are pleased to tell you,” that the the three board – Denver, Jefferson and North Metro – are working to unify into one board, which with about 5,000 members, creating the largest in Colorado. However, Lambert emphasized it is not a done deal, as “several significant issued need to be addressed before we can join forces.” And the “top priority” of the association is to “ensure that our members will directly benefit,” from unification.

“Even though the three local associations involved have unique histories and differences in culture, they have always shared a common set of objectives – to meet the needs of members in supporting their businesses and in advancing the profession,” Lambert wrote in the memorandum. “Once the three associations have completed their due diligence, the proposal to unify will be voted upon by members of each association, as required. In the coming weeks we will provide additional information about the unification, its benefits and how you can become involved in helping to craft the new organization.”

It there is a unified organization, Lambert said in the memorandum that association leadership believes it would mean:

  • A broader and deeper range of marketing tools to meet real estate business needs.
  • Expanded educational opportunities.
  • A commitment to innovation, ensuring your next-generation technology solutions.
  • Expedited resolution for mediation and arbitration.
  • Stronger advocacy and influence in political affairs.
  • More involvement and greater resources for community outreach.
  • Economies of scale, helping control costs and improve budgets.
  • Enhanced member services.

Lambert, in the memorandum, notes that unification of Realtor associations are becoming more common nationwide. For example, two associations in the Miami, Fla., area recently merged.

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Contact John Rebchook at JRCHOOK@gmail.com

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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Comments

  1. Merging all the Realtor boards in Denver would be a great idea. By having one unified organization, Denver area real estate professionals would have more collective bargaining power and the ability to provide much greater benefits to all its members. Currently, there is so much duplication of resources – a clear waste of money. The Houston Board of Realtors http://www.har.com/ is a great example of what we could become.

      • I interpret this: “Denver area real estate professionals would have more collective bargaining power” as moving closer to a monopoly and therefore as a potential house seller and house buyer, I see a reduced chance of RealWhores® fees being reduced.

        • David, Honey, you sound like you might have had trouble getting into 5th grade. I have this lovely idea; sell your house as a For Sale By Owner. Then you won’t have to deal with a Realtor. It is a win – win situation. Are you really that dim?

          P.S. I like your new picture.

          • @Heavens,
            I did not say that that I wanted to do a FSBO.
            I am saying that I want lower fees from the REAL ESTATE INDUSTRY.
            Lower agent fees and title search fees and mortgage origination fees.
            Don’t care about appraisal and inspection fees as I think they are priced correctly (and maybe even a little low).
            But, when you look at all the vigorish associated with selling and buying a house, then the RealWhore® fees are the largest item. And, that is what needs to be reduced. A lot.

            I have no idea how to control my avatar (picture) here.

  2. @Dave Barnes,
    Collective bargaining power in terms of benefits for Realtors; health insurance, networking, marketing opportunities, etc. It would also mean greater benefits for the consumer; education, agent ratings by consumers, and more.

        • Oh, really?
          Amazon sells the same books as Barnes&Noble brick store at a LOWER price.

          DISINTERMEDIATION. http://en.wikipedia.org/wiki/Disintermediation

          I will not be happy until the car dealers lose their protected status and RealWhores® are working for hourly rates.

          If you are a RealWHore®, I will gladly pay you $150/hour for your services. I will not be happy paying a commission based upon transaction price.

          • @DaveBarnes
            Amazon provides low prices based on volume no brick & mortar store (sans WalMart) can compete against. Visit Tattered Cover & ask them about Amazon – you’ll get an earful.

            If you want that same mega-corporate mentality & business model applied to home sales, it could happen easily enough given the current administration’s leanings, but then what would you have to bitch about?

          • Yes, David, but, without the service, convenience and information provided by what you call an intermediary. People often steal the time and advice from a merchant to gain the information necessary to make a buying decision. And, then, buy the product through an internet price cutter at a reduced cost to save money. Thus, leaving the merchant nothing for his time, information and advice. It is a dishonest practice.

            A warning to all that would do business with this sort of person – get your money in advance before you provide service. They will steal your time and advice. Abe Lincoln had a sign in his office that stated, “A lawyer’s time and advice are his stock in trade.” And you know lawyers; they don’t give time or advice away. Neither should a merchant.

            And, as for your balls, they surely are larger than your brain! TaTa

  3. If they merge the boards the new board will be able to justify a high membership fee and will effectively have a monopoly on the state. THIS WOULD RAISE OUR COST OF DOING BUSINESS
    THERE WOULD BE NO SAVINGS PASSED ON TO THE REALTORS IN LOWER MEMBERSHIP FEES.

  4. It looks like the other Associations were included with the talks.Why have the decided not to join in on this?

    How would have a central office with satelite offices make it cheaper than running the 3 offices that now exist?

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