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.
The agreement specifies that CREA and Boards/ Associations cannot prevent or discriminate
against “mere postings” or against members who offer mere postings. CREA has always
maintained its rules do no such thing. The agreement recognizes that seller contact
information is limited to the member-to-member portion of an MLS® System and
recognizes seller contact information will not be published on REALTOR.ca.
Buying, Selling, Leasing or Investing in real estate is sometimes a complex undertaking. Hiring me, a real estate professional will help save you time and money. steven@maislin.com
