CREA and the Competion Board .. The True Facts

There are so many stories and so much confused chatter, that, with permission of Alyson Fair, Publicist in CREA's Communications Department, I have copied this article so that you have the True Facts.

MEMO TO BOARDS

Summary:

As per our earlier notice regarding various media reports, CREA has been in communication with the Competition Bureau regarding the inquiry by the Commissioner of Competition into certain practices in the residential real estate brokerage industry in Canada.  The Bureau has recently informed us of he Commissioner's conclusions and her intention to bring an application to the Competition Tribunal. 

Talking Points:

1. CREA does not agree with the Commissioner's conclusions, either as a matter of fact or as a matter of law.  CREA believes that the Bureau's concerns are based on a fundamental misunderstanding of the way in which the rules of the MLS(R) system operate.

2.  CREA has always indicated its desire to be responsive to concerns expressed by the Competition Bureau and to engage in productive dialogue with the Bureau. Although CREA believes that the Bureau's concerns about the MLS(R) rules the Bureau is focusing on are unfounded, it is evident that these concerns have become a flashpoint for the Bureau.  The Board of Directors of CREA has determined that it will pursue a consensual resolution with the Bureau, subject to member support.

3.  It would not be appropriate for CREA or members of organized real estate to comment further on ongoing settlement discussions with the Competition Bureau.  If a settlement is reached, that will become a matter of public record.

The trademarks MLS(R), Multiple Listing Service(R) and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

If you have any questions you can call Alyson Fair, Publicist in CREA's Communications Department, who is available to handle any requests, at 613-237-7111, or email her at afair@crea.ca.

So, there are the facts, and it is nice to know the real story and not go by the conclusions of others on what they think is happening.  Lydia Ingles, Sales Rep Century21 Heritage Group Brokerage, Newmarket Ontario L3Y 6N4 416-798-3600 ext 2243

century21.ca/LydiaIngles

Blog Archives

Tags