BrokerageIndustry News

Texas real estate groups plan merger

Combined association would have 10,000 Realtor members

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Two local Realtor associations in Texas want to join forces to form what would become one of the largest such groups in the country. The Greater Dallas Association of Realtors and the Northeast Tarrant County Association of Realtors are discussing a merger, which could become effective in January 2005, if members approve the plan in a vote later this year. Directors of both associations in March approved accelerated planning for the merger, and talks among the groups' leaders began last year. Both associations have multiple-listing services through North Texas Real Estate Information Systems, which serves about 16,000 MLS subscribers, 3,000 real estate offices and 18 Realtor associations throughout a large swathe of North Texas that includes the Dallas-Fort Worth area. The Dallas association is "very pleased to be in talks with NETC about creating this new association. Their philosophy of service delivery to members and their innovative approach to discovering how to be the solution...