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- How the New Mortgage Rules May Affect Home Prices, Sales
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- Introducing the 2011 Awards of Excellence in Housing WINNERS
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- Karen Kinsley Reappointed as CMHC President
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- Notice: CHBA-ER Annual General Meeting, Wednesday, January 11, 2012
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- Planned Residential Construction Up 34 % in 2010
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- Premier Redford Calls Election
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- St. Albert LRT Route Unveiled
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- Warning Issued to Edmonton Concrete Company
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News & Events
CREA Members Ratify Deal to Reshape Home Selling
October 25, 2010
The Canadian Real Estate Association on Sunday approved a settlement with the Competition Bureau that paves the way for a dramatic restructuring of how residential property is bought and sold in this country.
By a measure of 97%, representatives from close to 100 boards across Canada with nearly 100,000 Realtor members, voted in St. John’s to ratify the negotiated settlement CREA reached last month with Melanie Aitken the Commissioner of Competition.
Among the key conditions of the agreement, which has still yet to be made public, is a provision allowing real estate agents to offer a host of different services via the Multiple Listing Service. The MLS is responsible for about 90% of the transactions in Canada and had been the subject of anti-competitive charges by the Bureau. Full Story.
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