The Jacksonville Area Association of REALTORS® announced Monday, May 18, 2015, that it would merge with Capital Area REALTORS®.
It’s the second such merger in as many months involving Capital Area. The Springfield-based organization announced in March that the West Central Illinois Association of REALTORS® was merging with it April 1.
According to the release issued on Monday, after the merger Capital Area will have 650 members and 750 subscribers to its multiple listing service. The associations’ board approved the merger May 11, and it must be signed off on by the National Association of REALTORS® to become official.
In the release, Capital Area President Mike Buscher, CRB, GRI, said:
“The move to link our two organizations was a mutually desired outcome and leadership teams from both groups worked hand-in-hand for many months on shaping the merger agreement to make sure that this was a good match for both.”
Capital Area and the Jacksonville association had already shared a multiple listing service. Jacksonville board president Robert Chipman said:
“Our two organizations have successfully shared technology services for over a decade so this seemed like a logical next step. By combining the assets of both associations and pooling resources, tools and expertise, we will be better able to provide improved services and support, thus elevating the value of local REALTORS to consumers throughout the Capital Area.”
Chipman will join the Capital Area board.
According to the release, Capital Area REALTORS® participate in roughly 5,000 residential transactions annually with a value of about $500 million. The combined MLS will be at www.seehouses.com.