Restructuring of the Board

In 1995 a report by the Ad Hoc Futures Committee led to the modification of voting rights and the standing committee system during the term of Wayne Moen. The major changes made in the bylaws dealt with voting rights, structure of the board of directors, and the system of standing committees. Under the new bylaws all members after two years of continuous membership will have the right to vote on all matters. The one exception is that sales representative members may only vote for sales representative directors and agents may only vote for agent directors. Agents and agent designates cannot vote for sales representatives. The board of directors is to be made up of four members each from the agents and the sales representatives. These changes reduced the power of the agent members in the organization.

Another revolutionary change was the reduction in the number of standing committees from sixteen to six. The committees that remain are: the Arbitration and Professional Standards; Audit; Government and Political Action; Industrial, Commercial and Investment; Member Services; and Sales Representatives. These committees continue to perform their traditional duties.

This article is extracted from John Gilpin, Responsible Enterprise: A History of Edmonton Real Estate & the Edmonton Real Estate Board. (Edmonton: Edmonton Real Estate Board, 1997). The Heritage Community Foundation and the Alberta Real Estate Foundation would like to thank John Gilpin and the REALTORS® Association of Edmonton for permission to reproduce this material.