BrokerageIndustry News

Canadian Realtors end spat with regulators

Consent agreement protects MLS-only listings, flat-fee brokers
Published on Oct 25, 2010

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

The Canadian Real Estate Association ended a 3 1/2-year battle with regulators Sunday by ratifying a consent agreement that the Competition Bureau of Canada says will prohibit CREA's member boards and associations from imposing anticompetitive rules on flat-fee, limited-service brokerages.

The Competition Bureau served CREA with a court order in March 2007, after Canada's equivalent of the National Association of Realtors published a set of rule interpretations that barred the "mere posting" of listings in multiple listing services without the provision of other services.

That, and other CREA rules -- such as requirements that a listing Realtor act as an agent for the seller throughout the entire period of a listing agreement, and receive and