AABOR/CABOR Merger Update

Richard Sweda

To our members,

Over the last few months leaders from the Akron Area Board of REALTORS® and the Cleveland Area Board of REALTORS® have been exploring a merger of the two organizations. Here is an update of our progress:

What has happened so far?

We began in January by educating ourselves about consolidations at a workshop guided by Jerry Matthews, a nationally known merger consultant endorsed by NAR. The workshop provided a base of understanding possible directions and gave us a “road map” of the process.

In February we identified the different issues that must be resolved to combine the organizations and established committees to address them. Since then each committee has met at least once and their work is expected to continue through the summer.

What will happen next?

The next step will be to craft solutions into a plan that works for both associations. If and when the merger plan is approved by both Boards of Directors it will go to each Board’s respective memberships for a vote. Finally, the merger needs to be approved by the National Association of REALTORS® and filed with the Ohio Secretary of State.

How will members benefit from a merger?

  • Cost control in administration
  • Elimination of duplication and overlapping markets
  • Better communication
  • Increased value to members through networking, services and influence
  • Increase in quality of programs
  • Strengthened legislative advocacy position
  • Enhanced cooperation among broker members
  • Streamlined member services
  • Stronger presence on the state and national levels
  • Stronger voice in public awareness
  • Enhanced consumer experience
  • Strengthen the network of commercial practitioners
  • Increased opportunity for leadership development

What are people saying about the merger?

The significant support we have already received for this merger has demonstrated that our members not only understand the value of their REALTOR® membership, but they are excited about the short- and long-term opportunities for growth and expanded resources available through a larger professional association.

We have made significant progress to be sure, but there is still much work to be done. Watch for more updates as the merger develops.

Sincerely,

Richard M. Sweda

Chairman of the Board

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