Editor’s note: The earlier Inman News report about a planned merger contained errors. The merger under consideration is for two San Francisco area Realtor associations.
Two San Francisco Bay Area Realtor associations are exploring the possibility of a merger.
The Bay East Association of Realtors and Contra Costa Association of Realtors, which have a combined membership of about 8,000 Realtors and affiliates, on Monday announced that they will conduct a "due diligence analysis to determine the feasibility and scope of a merger" over the next few months.
Board of directors for the two groups will then determine whether to pursue a merger, and "members of both decisions will make the final decision," according to the Monday announcement.
Bay East and CCAR were among the founding members of the Northern California Real Estate Exchange (NCREX), a plan to consolidate a group of Northern California MLSs that also included REInfolink, East Bay Regional Data, Central Valley MLS and the San Francisco Association of Realtors MLS.
That original plan ran into snags, though RE InfoLink and Central Valley MLS — also founding members of NCREX completed an MLS merger to form MLSListings.com, which has about 18,000 subscribers.
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