Last month, the Canadian Real Estate Association (CREA) announced there wouldn’t be a vote on the future of REALTOR.ca as a wholly owned, for-profit subsidiary of CREA at our 2024 Open Forum and Annual General Meeting (AGM). Rather, during the Open Forum portion, we will conduct an engagement exercise to collect feedback on the progress of the business case to date.
When complete, the business case will outline three main areas:
- Governance: by-laws, articles of incorporation, shareholder agreement, etc.
- Financial analysis: revenues, costs, risks, 10-year model, etc.
- Operating model: transition plan, shared services, proposed new model, etc.
The REALTOR.ca Task Force has completed its review of the proposed governance structure and we encourage you to review the executive summary and corresponding documents that can be found at CREA.ca/REALTORinc. These draft documents outline the structure that would ensure REALTORS® remain 100% owners of REALTOR.ca via their membership with CREA.
This is just the beginning of our consultation process with the entire REALTOR® community to ensure we get this work right. We want to hear from you and encourage your engagement as we move forward this spring and summer.
In the meantime, a set of Frequently Asked Questions have been made available at CREA.ca/REALTORinc and will continue to be updated as we move forward.
If you have any questions, please contact CREA’s Member Experience Centre by email at support@CREA.ca or by calling 1-888-237-7945.
