BrokerageIndustry News

Canada’s gov’t pushes for MLS changes

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Canadian Realtors are restricting consumer choice and limiting the scope of alternative business models, the Competition Bureau of Canada has reportedly concluded after wrapping up a two-year investigation and issuing proposed remedies to a trade association.The Bureau wants the Canadian Real Estate Association (CREA) -- Canada's version of the National Association of Realtors -- to drop a rule that prevents Realtors from placing for-sale listings in the national Multiple Listing Service (MLS) system without providing other services, CREA President Dale Ripplinger said in an Oct. 29 letter to members.Ripplinger said Canadian regulators also want CREA to drop a rule that prohibits listing the seller's name and contact information in the public remarks section of the MLS or on, the Canadian equivalent of bureau reportedly also wants CREA to drop a rule requiring that the listing Realtor receive and present all offers and counteroffers to the seller.If CREA does...