Tagged : CREA 
There are currently 1 blog entries matching this tag.
Competition Bureau misguided about MLS
Monday, May 3rd, 2010 at 10:02pm. 1372 Views, 5 Comments.
Competition Bureau misguided about Canadian MLS
(April 30 2010) Buying a home is a lot different than buying an airline ticket. Yet if you read the complaint by the Competition Bureau against the Canadian Real Estate Association (CREA), you would think it is that simple to buy or sell a home in Canada, by just using the Internet for support. Unfortunately, it is not that easy.
According to the Bureau, CREA and its member real estate boards effectively control the market in Canada, since 90 per cent of all residential home sales are completed using the Multiple Listing Service (MLS) systems, and consumers thus have no real choice in paying commissions, which, according to the bureau, is usually five per cent of the sale price. It is further claimed that the…
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