The Financial Post reported the situation Friday, quoting Montreal Real Estate Board (GMREB) President Patrick Juaneda. The average Montreal-area broker is paying membership fees of more than $2,000 this year to industry associations including CREA.
That’s made it increasingly difficult to compete with for-sale-by owner companies or those that offer a la carte services to sellers looking to cut costs.
“What we want here in Quebec – and we assume it’s the same thing at other real estate boards in Canada – is for the CREA to provide us with a la carte services,” said Juaneda to the Financial Post. “We have too much duplication of services. Why recreate what already exists?”
“This is a reality that’s existed for 10 years and it’s just grown and grown. It’s becoming too expensive; our members are fed up.”
CREA fees have grown 121% over the last 10 years, according to the Montreal board, and will grow 41% between 2010 and 2013, from $220 to $310.
CREA spokesman Pierre Leduc told the Financial Post that the fee increases were necessary in order to “keep up to date with the tech tools consumers and Realtors use.”
He denied there was any widespread concern by Realtor members about the dues, which a majority of members approved.
“As you can imagine, with over 100,000 members and 103 member boards and associations, CREA is always talking with them about various issues, how to meet evolving needs, ect.,” he told the Financial Post via email. “But I’m not aware of any specific concerns related to the dues increase – as I said, almost 80% of the delegates approved it.”
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