In the first of what many real estate industry experts expect to be a growing number of REALTOR Association mergers, two Chicago area boards are taking a serious look at merging. According to ChicagolandRealEstateForum.com, both boards have approved the deal:
The Board of Directors for both the Mainstreet Organization of REALTORS® (MORe) and the REALTOR® Association of Northwest Chicagoland (RANWC) have voted unanimously for the merger of the two groups and now just need their members to approve it in July.
The new group would include 16,000 members serving 185 communities in Cook, DuPage and Lake Counties. It would be the largest association of realty agents in Illinois.
The economies of scale for MLS mergers are particularly attractive in a time period where membership is declining, technology can be deployed in a very scalable way, and support staff can be more efficiently managed in a larger setting. Real Estate industry Watch has confirmed a number of MLS’s are currently considering the option to merge with nearby boards.