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NAR Report Winter Meetings San Diego, 2015

posted Nov 24, 2015, 8:19 AM by Joyce Evans
President’s National Round Table Mergers, Consolidations and
Chapters Medium Size Boards 510 – 1,999 members.

Jeff Campbell
REALTOR® Volunteer

This is the third time I have attended this meeting and the second time I have been asked to moderate. The first time moderating, I was requested to lead Alternate Revenue Sources. I found these size of boards were most likely to be considering mergers based on attendance at the other merger tables. The following are concepts and comments brought up by 30 association presidents from around the nation:

Board of Choice is the genesis of merger issues
More agents are selling homes 50-100 miles away from their home office.
Date Sharing is important
Existing contracts with MLS’s delay mergers
Better Data, more data, Being Fresh and Next Gen and Leadership Regionalized MLS’s, increased opportunities, combine resources are reasons to merge
Some associations work with each other to do community bus tours
Some feel RPR creates pressure to be a national MLS
It is important to honor others feelings
Some don’t want to merge because of sentimentality or timing is not good
Merge happens when the pain factor is high
It is important to know what a merge looks like
Know your numbers, remove threats, gather consensus understand geography and regionalization prior to considering a merge
Know the gain or loss of state and national votes
Strategize to utilize shared staff
Maine has a state-wide MLS
Know the fear-base and see where measurable differences may lie.

Although a bit randomized, I encouraged people to put things on the table and allowed them to talk about them. Some were pre, active and post merge and there were no comments regarding regrets.