DMAR and SMDRA serve members across an increasingly interconnected Denver metro real estate market. The proposed merger would bring the two organizations together as Greater Denver REALTORS® (GDR), creating one regional association with greater scale, a broader geographic reach, and the ability to coordinate member services, advocacy, education, events, governance, and organizational resources across the metro area.

The objective is to combine the strengths of both associations while creating a more unified organization positioned to serve members throughout the region.

Not yet by the memberships. The DMAR and SMDRA Boards of Directors each met October 27 and approved the proposed merger agreement. The proposal now proceeds to separate membership meetings and votes on November 20, 2026. The merger would become final only after the required membership approvals and completion of the remaining legal and operational steps.

The proposed combined association is Greater Denver REALTORS® (GDR).

The name reflects the expanded regional scope of an organization representing members across the greater Denver metropolitan area.

The target legal effective date is January 1, 2027.

Following the November membership votes, the associations would use late November and December to resolve any remaining conditions, execute final documents, prepare required filings, coordinate the operational transition, and complete applicable CAR and NAR submissions.

Separate DMAR and SMDRA membership meetings are scheduled for:

Friday, November 20, 2026
10:00–11:00 AM MT
Hybrid format

Each association will hold and certify its own membership meeting and vote.

Yes. Eligible voting members will cast their votes electronically.

DMAR and SMDRA will conduct separate votes for their respective memberships. Final ballot language and voting procedures will govern the vote.

The member information will include the merger plan or a summary of the plan, proposed bylaws, and an explanation of the dues structure.

The broader merger packet also includes board transition materials, financial information, and other merger documentation.

Yes. Two hybrid member Q&A town halls are planned for November 10, 2026:

• Morning: DMAR Town Hall Q&A, presented by DMAR leadership
• Afternoon: SMDRA Town Hall Q&A, presented by SMDRA leadership

Members of either association may attend either town hall.

Additional information regarding exact times, in-person locations, and Zoom access will be provided before the events.

The proposed leadership transition provides a defined presidential succession:

• 2027 President: Kate Baldwin-Wenzel, incoming DMAR President
• 2028 President: Troy Williams, incoming SMDRA President
• 2029 President: Cooper Thayer, incoming DMAR President-Elect
• 2030 President: Karen Esquibel, incoming SMDRA President-Elect

The transition plan then returns the association to its normal board-elected leadership process.

For the first year following the merger, Melissa Moldonado and Amy Davies will serve as Co-CEOs of Greater Denver REALTORS®. All current staff will remain in place, and core member services are expected to experience minimal disruption during the transition.

The intent is to provide leadership continuity from both DMAR and SMDRA while the organizations, boards, systems, programs, and governance structures are integrated.

The temporary structure allows identified incoming leaders from both associations to progress through the combined organization before the permanent governance structure takes over. Certain transition-only positions exist specifically to support that integration period.

Every currently elected director will be allowed to complete the term they were elected to serve.

No current elected director is removed early simply to reduce the size of the combined board. Instead, transition-only seats disappear naturally as those existing terms expire.

This produces a gradual board consolidation rather than an immediate restructuring.

The combined board would initially have 40 voting seats in 2027 while all existing elected terms are honored.

It would then decrease as transition-only terms expire:

The permanent 23-member board is reached in 2030.

The proposed permanent board consists of:

• 15 General Directors
• 5 Designated Association Representatives
• 1 YPN Representative
• 1 Affiliate (Industry Partner) Representative
• 1 Appointed Past President / Treasurer

That produces a total of 23 voting seats.

The 15 General Director positions would ultimately be divided into three staggered classes of five directors serving three-year terms. Once the transition is complete, five General Director seats would come up for election each year.

Five permanent board seats are intended to provide representation from designated organizations serving important segments of the REALTOR® community.

The current transition plan identifies representatives for:

• NAHREP
• NAREB
• VAREP
• LGBTQ / Alliance
• AREAA

These directors are also REALTORS®, but serve in a designated representative capacity rather than occupying one of the 15 General Director seats.

No.

Under the proposed structure, the President, President-Elect, Immediate Past President, and temporary transition President-Elect positions are leadership roles held by individuals who already occupy General Director seats. Those titles do not create additional board seats.

The Appointed Past President / Treasurer is the exception and remains a separate permanent voting seat.

The permanent structure contains 15 General Director seats divided into three classes of five.

Each class serves staggered three-year terms. Once the transition is fully normalized, one class of five seats will come up for election each year.

The transition plan phases that structure in between 2028 and 2030 while existing directors complete their current terms.

The intention is to retain the current SMDRA building as part of the combined association's physical presence.

Because the combined membership will cover a large geographic area, Greater Denver REALTORS® also intends to continue evaluating an additional location that can improve accessibility and service across the broader membership footprint.

That is the intention.

The current SMDRA building is expected to remain, while the combined organization continues to explore an additional location that better serves the geographic dispersion of members throughout the Denver metro area.

Specific future location decisions have not yet been finalized.

The merger is intended to combine the resources and strengths of both associations rather than simply eliminate one association's programming.

All current staff are expected to remain in place, and core services are expected to experience minimal disruption during the transition. Detailed integration decisions will continue to be made as the merger progresses.

The broader objective is to create a stronger regional platform for education, professional development, events, advocacy, member engagement, and REALTOR® services.

A combined Greater Denver REALTORS® would represent a larger regional membership through one organization.

The intent is to strengthen coordination on housing, real estate, property rights, economic development, and other issues affecting REALTORS® and property owners across the Denver metro area, while maintaining the ability to engage on issues affecting individual communities within that region.

The intent is to transition the memberships of both organizations into Greater Denver REALTORS® as part of the merger.

Detailed administrative procedures, membership classifications, governing documents, and implementation information will be included in the final merger materials and transition process.

The current timeline provides that the first unified local dues bill, billed in 2027 for the 2028 membership year, would use the DMAR local dues rate, subject to the final adopted dues schedule and any subsequently authorized changes.

The final dues schedule will be part of the merger documentation provided during the approval process.

The goal is to carry forward the strengths, traditions, relationships, and institutional knowledge of both DMAR and SMDRA while building one organization designed to serve the broader Denver metro region.

The merger is intended to combine the contributions of both associations into a stronger regional organization rather than erase their histories.

The merger website will serve as the central location for member information.

Materials available to members will include the merger plan or summary, proposed bylaws, dues information, board transition materials, and other relevant voting documents.

Additional documents can be added to the website as they are finalized.