The Calgary Real Estate Board is a non-profit, voluntary membership organization with more than 5,500 licensed brokers and associates. The Calgary Real Estate Board was formed to serve the needs of professionals in the real estate business. Their primary function is the maintenance of the MLS (Multiple Listing Service). The MLS is an important tool used in the buying and selling of real estate.
Originating in the early 1920s, The Calgary Real Estate Board was registered in March 1929 in accordance to the Statutes of Alberta. Throughout the 1930's and until the early 1940's the group was fairly dormant, when Mr. Kennett Lyle a real estate professional took an interest in revitalizing the board to help serve the needs of the real estate professionals. At that present time, there were no other professional groups for real estate agents. One of the earlier Presidents, Mr. Clair J. Cote, Sr. was elected as chairman and Lyle as secretary. The board also put together 5 committee members to rewrite the organization's constitution. They also set a membership fee schedule, $5 for active members and $2 for an associate membership.
Although the MLS is their primary mission, the Calgary Real Estate Board also serves to provide the public and agents with up to date info on buying and selling real estate. They accomplish this mainly through their free weekly publication Real Estate News. Another publication used to reach out to their members and the public is their monthly magazine, Home to Home, which contains a series of tips, helps and articles to better inform their readers on the current real estate market.
The Calgary Real Estate Board lists on their MLS more than 90% of the properties available in the Calgary and surrounding areas. This wide coverage allows the seller greater exposure and the buyers more choices, conveniently located in one state-of-the-art system. Because they represent over 260 member offices, The Calgary Real Estate Board can quickly pair up buyers and sellers.
Another mission of the Calgary Real Estate Board is to apprise members of current trends in the real estate market and overall economy. One of these recent trends, as mentioned by The Calgary Real Estate Board, is the potential drop in selling prices for the upcoming year. The board has indicated that this recent trend will cause a drop of as much as $10,000 on an average selling price. This could ignite the market that has remained slightly stagnant the past 6 months. However, the Calgary Real Estate Board does not expect this drop to last too long. Their predictions for a 10% increase in home prices are expected to occur in early 2010.
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