An announcement was made on June 24 to the members of the Kingston and Area Real Estate Association (KAREA), Ottawa Real Estate Board (OREB), Renfrew County Real Estate Board (RCREB), and Rideau-St. Lawrence Real Estate Board (RSLREB) regarding the exploration of regional integration.
The announcement outlines that the four boards are in the process of exploring integration in order to create value, improve services, and assist members in staying competitive and delivering exceptional client service.
It is mentioned in the announcement that integration is being considered as a means to form a stronger and more capable organization that can effectively navigate industry changes and take advantage of opportunities for the benefit of its members.
Various methods to achieve this goal are discussed, including expanding shared services, merging with existing boards, or forming a new corporation through amalgamation.
The announcement emphasizes that any decision regarding integration will be subject to a vote by all members of the participating boards. A task force consisting of representatives from each board has been established to ensure thorough examination of options and governance before presenting them to the members.
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