Post- Briefing Update on the Competition Bureau case

On September 30th, the Canadian Real Estate Association’s (CREA) Board of Directors issued
an announcement that it had approved a settlement with the Competition Bureau.
The proposed agreement:

 Does not give the public direct access to the MLS® system or to REALTOR.ca; the

Membership Pillar has not changed and the MLS® system remains a member to

member service;

 Does not require brokerages to change their business models;

 Does not preclude Boards or CREA from having rules for the efficient operation of an

MLS® System which are not contrary to the Agreement;

 Does not impact the Compensation Pillar; and

 Does not impact the responsibility of members to ensure the accuracy of MLS® listing

content.

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, October 18, 2010 -- Greater Toronto REALTORS® reported 3,012

sales through the Multiple Listing Service® (MLS®) during the first two

weeks of October 2010.