- Home
- ILSTV Stories
- Competition Bureau eyes real estate reform
Competition Bureau eyes real estate reform
- By ILS corp
- Published 11/17/2009
- ILSTV Stories
-
Rating:




The decision could open the market to cheaper listing alternatives or result in lower listing charges on the Multiple Listing Service, or MLS.
An internal memo from Ottawa-based Canadian Real Estate Association to its members said that the federal bureau has told them its rules block competition within the industry, and that it has recommended changes.
The memo, signed by CREA president Dale Ripplinger says that the bureau is concerned that CREA's rules have restricted consumer choice and limited the scope of alternative business models, adding that if the bureau's position is that if CREA does not remove these restrictions, the Commissioner of Competition will initiate an application before the Competition Tribunal.
The investigation follows complaints over how much consumers were paying in commissions to sell their homes, and the services they were charged to use.
CREA represents most of the country's real estate brokers and salespeople, and has more than 96,000 members across the country. Its MLS and Realtor.ca websites are home to most real estate transactions in Canada.
Spread The Word
1 Response to "Competition Bureau eyes real estate reform " 
|
said this on 18 Nov 2009 11:53:46 AM EDT
It's about time. The local real estate boards work very hard to protect themselves and limit competition from new realtors and realtor companies. Their barriers to entry are very real and formidable.
|


Author/Admin)