The Realtor associations covering Fort Lauderdale and the Palm Beach area have announced plans to combine into what would be the third largest Realtor association in the country, the groups announced Thursday.
More than 30,000 real estate professionals would be represented under one group if the Realtors Association of the Palm Beaches and the Greater Fort Lauderdale Realtors merger moves forward. Merging the two groups would provide better resources to members as well as to home buyers and sellers, including a consolidated MLS with 40,000 on-market listings, which will make it one of the 10 largest MLSs in the country, according to a press release.
“In today’s hyper-connected consumer world, Realtors need every advantage possible,” said current Greater Fort Lauderdale Realtors CEO Rick Barkett. “By combining our associations, increasing our size, creating regional boards that understand the unique needs of localized markets, offering greater resources, and investing in the newest technology – we are quite literally giving our members every advantage possible.”
The new group will be named the Realtors of the Palm Beaches and Greater Fort Lauderdale. It will be helmed by Dionna Hall, current CEO of the Realtors of the Palm Beaches. The board of directors for each association has already voted to approve the merger, but a membership vote is needed before it is finalized. Hall said a voter will be scheduled within a month.
“Our reimagined association will bring localized services to our members while harnessing our strengths and size to provide cutting edge technology and influential advocacy,” Hall said in a statement. “The organization will place even more emphasis on integrating key technologies.”
The current associations’ six local service centers will remain open and will be operated by the newly merged group. The group will also make new regional boards to help cater to and address local issues affecting real estate professionals.