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August 29, 2014

More REALTOR(R) Associations Merge

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More REALTOR(R) Associations Merge

In responding to a drop in membership, more REALTOR® associations are opting to merge with nearby groups to cull resources and create a larger group. The Orange County (N.Y.) Association of REALTORS® voted overwhelmingly to merge with nearby Rockland County Board of REALTORS® and the Westchester Putnam Association of REALTORS®. 

The merged association will be renamed the Hudson Gateway Association of REALTORS®, which will start Jan. 1.

The merge will bring a more united multiple listing service that serves four counties. "The ability to list a home on a multiple listing system with 9,000 members is definitely a benefit going forward," board president Ronald Garafalo told the Times Herald-Record.

The merge comes at a time when the Orange County association has faced a decline in membership. For example, the association had 2,870 members in 2006, which dropped to 1,910 this year. It estimated the membership to drop to 1,700 by 2012. 

Earlier this year, associations in Chicago — the Mainstreet Organization of REALTORS® and the REALTOR® Association of NorthWest Chicagoland — merged, forming the fourth-largest REALTOR® association in the country.

Source: “Realtors Associations Merging,” Times Herald-Record (Nov. 3, 2011)

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