calgary real estate board
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.
Orignating in the early 1920s, The Calgary Real Estate Board was registered in March 1929 in accordance to the Statutes of Alberta. The organization was relatively inactive until 1943, 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 the time there was no other professional organization representing the needs of realtors in the Calgary area. One of the earlier Presidents, Mr. Clair J. Cote, Sr. was elected as chairman and Lyle as secretary. They also elected 5 members to chair a committee to re-write the constitution and by-laws. They also set a membership fee schedule, for active members and 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. One venue they use is their weekly publication, Real Estate News. This magazine combined with their monthly ‘Home to Home’ publication provides the general public with an extensive overview of the real estate market along with many in-depth and educational articles.
Over 90% of available property is listed in the Calgary Real Estate Board’s MLS for the Calgary and neighboring 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.
The Calgary Real Estate Board also keeps an eye on trends and related economic concerns for its members. 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 ,000 on an average selling price. This drop could be an economic boost for the sagging real estate market, as buyers will realize discounts. 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.