BrokerageIndustry News

Canadian MLS rules challenged

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Canadian regulators say rules that govern the use of multiple listing services still limit competition from flat-fee service providers, despite changes to the rules approved this month by the Canadian Real Estate Association. The Competition Bureau of Canada says it will continue its challenge of the rules before the Competition Tribunal, a quasi-judicial body that decides disputes over issues ranging from mergers to restrictive trade practices. In a complaint filed Feb. 8, Canadian Commissioner of Competition Melanie Aitken said Canadian brokers are "expressly prohibited by (CREA's) MLS restrictions" from providing MLS-only listing services. CREA -- Canada's version of the National Association of Realtors -- denied that and other allegations, but made several changes to rules singled out in the commissioner's complaint. The changes were approved by 87 percent of CREA members in a March 22 vote at the group's annual meeting, CREA said in its response...