The Pacific Southwest Association of REALTORS® (PSAR) polls closed at 5:00 p.m. yesterday and the merger vote results are in.  The membership of the Pacific Southwest Association of REALTORS® and East San Diego County Association of REALTORS® each voted to approve a two-way merger of the associations. The North San Diego County Association of REALTORS® voted against merging.

Vote Results are as follows:

ASSOCIATION                                 FOR                          AGAINST

Pacific Southwest                                             221                                            33 North County                                                    588                                          614 East County                                                      273                                            14

Look for additional announcements over the next few months as the leaders of PSAR and ESDCAR complete the transition. The merger will accommodate new efficiencies and cost saving measures in an effort to keep membership dues low while potentially adding new services and expanding existing services. The proposed name of the resulting association has not been established and is subject to the approval of the National Association of REALTORS®. We will continue to support your business as we always have.  You will continue to receive services in the same place and you may continue to participate in the association in the same manner. You will receive additional information as services and programs are made available to you in additional locations. Sincerely, Peter Mendiola 2012 President

ESDCAR Releases merger vote results for the ESDCAR membership.  More than 51% of the ESDCAR's members voted to support the merger.

PSAR and NSDCAR to count votes after 5:00 p.m. on February 29th.  See ESDCAR's press release here:

VOTE CONTINUES BUT MERGER APPROVAL ASSURED IN EAST COUNTY

PSAR Members must vote on a Proposed Merger with

NSDCAR and ESDCAR

The Polls are Open Until 5 p.m. on February 29th

Click Here to Vote

PSAR members who renewed membership as of February 10th are eligible to vote.

To find your PSAR user name and Password Click Here or call

PSAR at 619-421-7811 for assistance.

The Merger Agreement

The Merger Agreement was signed yesterday.  The link will bring up a PDF copy.  The vote of the membership will consummate this agreement.  The exhibits are included in the Business Plan.


The Business Plan may be found here.  This the agreement is based on this Business Plan

Endorsement

A number of past and present leaders of PSAR wrote to endorse the decision to merge with NSDCAR and ESDCAR.  Here is what they have to say.

Business Plan Released & Informational Sessions will be held

Business Plan Released

The three associations are releasing the joint business plan for the proposed merger.  The plan is on a PDF and a link to the document is located here

The membership of the three associations must approve the proposal in order to execute the merger, the electronic vote will be held from February 15th at 9:00 am until February 29 at 5:00 pm. To be eligible to vote, 2012 REALTOR® dues must be received by PSAR before February 10 at 5:00 pm. The vote will be held through an online voting tool.  Members will also be able to come to the office to vote online and our service representatives will help anyone who needs help logging in or accessing a computer.

Informational Sessions

PSAR's CEO and or members from the Board of Directors are available to speak at your office meeting to discuss this plan and the opportunities and challenges involved. Please contact administrator@psar.org to set up a meeting. 

Two informational sessions open to the membership will be held.  The first following the PSAR Insider Forum and Marketing Session on February 2nd at 9:00 following the property pitches, and the second at a special Brown Bag Lunch meeting on February 7th at 12:00. 

Consolidation and Expansion

The existing NSDCAR is actually the result of a number of associations merging to create a new association.  NSDCAR consolidated administrative functions and expanded services to all of the members.  This consolidation lowered the overhead and created the opportunity to provide more services for its membership while keeping membership fees low. Each district in the new association still maintains its local identity and holds meetings at its local service center.

The consolidation of of administrative functions like legal, receivables, payables, databases, IT & communications, helps the membership save money that is available for the association to expand services.  One immediate benefit to the members will be the availability of  seven service centers around the county to use when selling or working with buyers from out of the area.  The seven service center locations can be found by following this link.