Broker Update, December 11, 2024

GVR’s broker discount on annual BCREA and CREA dues to end in 2025

Earlier this year, the Greater Vancouver REALTORS® (GVR) embarked on an ambitious initiative to modernize and digitally transform our member services. At the heart of this transformation is a sustained focus on our brokerage community.

In 2025, we will introduce a new brokerage service model designed to provide a more focused, personalized, and comprehensive customer service experience for business operators like you.

This new model will help brokerages thrive by ensuring you get the most out of our products, services, and resources.

Discount on BCREA and CREA dues

As part of these modernization efforts, we are also re-evaluating our accounting practices and funding structures. Through this work, we’ve identified a historical inefficiency that requires attention: the annual discount we offer brokerages on Canadian Real Estate Association (CREA) and BC Real Estate Association (BCREA) dues.

Background

We provide a 5 per cent discount on GVR fees and dues to our broker-bill offices that collect and remit funds from the REALTORS® in their office. The money that brokers collect include the annual dues for BCREA ($204 per member a year) and CREA ($310 per member a year), which we pass directly on to those associations.

By applying this discount, some members are effectively subsidizing the cost of other members’ BCREA and CREA dues. This is far from an efficient or optimal accounting practice. In fact, we may be the only real estate board in North America to facilitate such a subsidy.

What this means for you moving forward

After careful consideration, we have decided to discontinue this discount.

As of January 1, 2025, GVR will no longer offer a broker discount on the portion of dues allocated to BCREA and CREA. This change will help ensure a more efficient and fair use of our financial resources.

Please note, however, we will continue to offer a broker discount on GVR dues and fees.

You will see these updates reflected on your brokerage’s billing statements for January 2025.

Looking ahead

You can expect to see new billing discounts and incentives designed for our broker community. These new offerings will be part of our broader efforts to enhance your service experience and provide you with more value. Watch for news about these changes in 2025.

As we move forward with these changes, we appreciate your understanding and support. We are committed to providing you with the tools and resources you need to succeed, and we look forward to sharing more service enhancements throughout the upcoming year.

GVR’s Holiday Mixer is December 19 in Coquitlam

Join us and your fellow colleagues and friends on Thursday, December 19 at the Vancouver Golf Club in Coquitlam for GVR's 2024 Holiday Mixer!

This year our theme is a classic cocktail party with refreshments, a live band, and photobooth! Your $75 ticket includes:

  • A welcome cocktail plus TWO drink tickets and refreshments
  • Live music from the Supersonic Hearts Band
  • Photobooth by Map and Snap Visions

It’ll be a night to remember so get your tickets today!

Event Details

  • Thursday, December 19 at 6:30 pm
  • Vancouver Golf Club, 771 Austin Ave, Coquitlam
  • $75 plus tax (tickets are non-refundable)

Get your tickets here.

Year end reminders for the members in your office

As 2024 winds down, please be aware of and share the following reminders with the members in your office:

The GVR office will be closed from December 24, re-opening on January 2, 2025.

We want to wish you all a safe and joyful holiday season, and the best for a healthy and prosperous new year in 2025!

Greater Vancouver REALTORS® appoints Anja Tremblay as Chief Financial Officer

The Greater Vancouver REALTORS® (GVR) has promoted Anja Tremblay from Vice President of Finance to become the organization's Chief Financial Officer.
In this role, Anja , as part of the executive team will continue to lead and oversee all aspects of GVR’s financial management, planning and analysis, investment and risk management as well as all Administration.

Anja is an experienced and skilled financial analyst with a sharp eye for corporate strategy. Our continued focus on change and innovation within the profession means that we must continually assess new ventures and risks that confront us, and we are in a much stronger position to do that with a financial professional with Anja's background within our executive team.

Anja is a multi-lingual senior finance executive who has worked in the public and private sectors in North America and Europe. She holds a CPA designation, and a bachelor's and master’s degree in business administration.

Prior to joining GVR, Anja was the Vice-President of Finance at a large non-profit organization and held a Controller position at a federal crown corporation. Anja has also worked in the consumer goods, oil and gas industries, and commercial property management.

Please join us in congratulating Anja!