BrokerageIndustry News

2 Chicago-area real estate boards eye merger

Merger would create largest Realtor association in Illinois
Published on May 24, 2011

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by CareyBot

The boards of two suburban Chicago-area Realtor associations have agreed to a merger that would make the Mainstreet Organization of Realtors (MORe) the biggest in Illinois and the fourth largest in the U.S.

If members of MORe and the Realtor Association of Northwest Chicagoland (RANWC) sign off on the merger agreement, MORe would absorb RANWC and grow to 16,000 members, extending its reach from DuPage County and most of suburban Cook County into Lake County and northwest Cook.

MORe CEO Pam Krieter would oversee the merged association, with RANWC CEO Peggy Kayser assuming the role of chief programs director.

The merger is expected to produce cost savings and economies of scale that would help MORe hold the line on local dues in a time of declining membership, without