"We did as many smaller boards have done throughout the country and dissolved our local board because of small membership," said Gambill Aldridge of Basin Creek Realty.
Realtor associations have to meet several local and state requirements in order to function.
It was difficult for a board with few members to meet the requirements, which also required for members to serve on many different committees.
"We were one of the smallest in the state of North Carolina," Aldridge
"We hung on for years and tried to keep the board going, but the biggest thing that helped make the decision was time."
As the economy started to struggle, the Realtor Association
"It's not unusual.
The state has probably lost a lot of smaller boards in the last 10 years because of a lot of new administrative requirements that require more work for board members," Aldridge said.
"To keep the association going and membership getting into the 20 people range with all serving on four committees, got difficult."
The Realtor Association
allows licensed real estate agents to network, stay in touch with local real estate issues and receive education on the business.
All members also learn about the code of ethics, Aldridge
"Realtors are a professional organization for people in real estate," he
In 2011, interest rates were only four percent, compared to 18 percent in 1979, Aldridge
"I think employment has improved and local consumer confidence has risen," he