A Strategic Partnership-FAQs
The Board of Directors is currently exploring a potential strategic partnership with the Hampton Roads REALTORS® Association (HRRA). This evaluation is focused on strengthening member services, expanding resources, and positioning our Association for long-term success.
Throughout this process, our priorities remain clear:
- Preserving our local presence
- Protecting our financial strength
- Maintaining the high level of service our members expect
Any final decision would require approval by the membership in accordance with our Bylaws.
We are committed to keeping you informed and welcome your questions and feedback.
Details will be provided before any vote.
FAQs
1. Why are HRRA and VPAR considering a merger?
The goal is to better serve members by combining resources, expanding services, strengthening advocacy, and creating operational efficiencies across both associations.
2. What are the biggest benefits to members?
Members can expect enhanced services, stronger advocacy at the local and state level, expanded networking opportunities, and potential cost efficiencies over time.
3. Will my dues increase if the merger is approved?
No. In the proposed 2027 budget for the new association, there will be no increase in local dues for either association. The intention is to remain competitive and provide greater value—not to create unnecessary financial burden.
4. Will services or benefits be reduced?
No—this merger is designed to maintain or improve existing services, not eliminate or diminish them.
5. What happens to existing staff?
The approved initial 2027 budget fully staffs both offices.
6. Will local representation be maintained?
Yes. Maintaining strong local representation is a priority to ensure both regions continue to have a voice.
7. How will leadership be structured after the merger?
A transitional board will be appointed initially, followed by elections in accordance with the bylaws to ensure fair representation of members.
8. What happens to current leadership roles?
Current leadership will play a role during the transition, helping guide the merged organization to stability and success.
9. Will this impact my MLS access or rules?
MLS access is not associated with HRRA or VPAR.
10. Will education and events change?
Education offerings are expected to expand, with access to a broader range of classes, speakers, and professional development opportunities.
11. Where will the new association be located?
Both associations currently own their buildings, and we do not anticipate that changing.
12. How will committees be handled?
Committees will likely be restructured to reflect the larger organization, providing more opportunities for member involvement.
13. Will my membership status or designation change?
No. Your REALTOR® membership and designations will remain intact.
14. What happens if the merger is not approved?
Both associations will continue to operate independently as they do today.
15. How will this impact advocacy and lobbying efforts?
A combined association will have a stronger, more unified voice when advocating for REALTOR® interests at the local, state, and national levels.
16. Will there be changes to policies or bylaws?
Yes, new bylaws will be adopted to reflect the merged organization, but they will be designed with fairness and member representation in mind. Members will vote on the final bylaws.
17. How will communication be handled during the transition?
Members will receive regular updates through email, meetings, and official channels to ensure transparency throughout the process.
18. What is the timeline for the merger?
After town halls, the general membership of both associations needs to vote on the merger. If it passes, we would begin a transition period and expect to wrap up this summer.
19. How can members provide input or ask questions?
Members are encouraged to attend town halls, submit questions, and engage with leadership throughout the process.
20. Why should I vote in favor of the merger?
This is an opportunity to strengthen the association’s future—enhancing services, influence, and long-term sustainability for all members.
21. Will the association name change? Yes, the merged organization will have a new name; name changes must be approved by the contiguous boards around HRRA and by NAR.