Settlement talks between Canadian Realtors and regulators over the rules governing Canada’s national Multiple Listing Service (MLS) system have broken down, parties in the dispute said.

The Competition Bureau of Canada says it will file a formal challenge of rules imposed by the Canadian Real Estate Association (CREA) that the Bureau says restrict competition — including prohibitions against real estate agents offering consumers the option to pay a flat fee to list their home on the national MLS system.

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