SOREB member monthly fees would increase $21.66/month. OMREB member monthly fees would not change.
Here is a break-down of the additional services/resources SOREB members would receive if the boards merged:
More Board Support: includes in-house no cost training, enhanced communication services, additional market statistics analysis, annual events, regularly scheduled member and broker engagement sessions, and additional member support including management of vendor relationships and a direct billing option with no credit card fees.
Autoprop: Currently SOREB runs a lower version of AUTOPROP with fewer capabilities and features, so all members would be upgraded to the higher version.
Sentrilock: Currently SOREB members pay Sentrilock fees separate from their board fees in US dollars. Sentrilock fees would be included in board fees at the lower rate currently paid by OMREB members. (SOREB members would receive credit for Sentrilock fees already paid.)
Member Services Portal: a one-stop shop for member-related information with self-serve functionality and data security. Members can update their own profiles, pay dues, register a payment method for automatic payments, view and register for educational courses, track professional development hours and print tax receipts.
Tech Helpline: On-call support tailored to the needs of real estate professionals. Help for technical issues, advice, setting up devices, trouble-shooting and more. (No service limits.)
Home Price Index: an alternative measure of real estate prices that offers a clearer picture of market trends over traditional tools like median or average prices. Provides REALTORS® an additional data-point in the form of a benchmark price indicator to help them analyze and interpret market statistics.
Professional Standards Coordinator: in-house resource for members for rule interpretation and application, and guidance on navigating difficult situations. Also responds to complaints from members and the public, seeking informal solutions or forwarding to the appropriate body (Professional Conduct Committee or regulator) for formal resolution if required.
Professional Conduct Committee: adjudicates member to member complaints via a formal, trained committee of local peers. Offers more timely resolutions by peers who are up to speed on local issues.
Member Life Insurance: group life insurance with members qualifying for coverage after one year of continuous membership, providing they are under age 70, have paid their dues and are members in good standing and residents of BC. (Existing SOREB members would be immediately eligible upon joining the new merged entity.)