Following a lengthy investigation, the Competition Bureau announced in early November that they believed some of CREA’s rules limit the options that real estate agents might otherwise provide consumers in marketing their homes if the rules didn’t exist. At the time, CREA indicated that they were interested in working towards a settlement and apparently; discussions have been ongoing since that time. In a Globe and Mail open forumtoday, CREA President Dale Ripplinger claimed that the two parties were “close” to reaching an agreement that would settle the dispute, and expressed that he was “surprised” by the bureau’s announcement that the case would head to a Competition Tribunal for resolution.
An overview of the issues identified buy the bureau as problematic can be found here.The Competition Bureau's release on this matter is here. CREA's response to the Competition Bureau's move is here.
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Norm Fisher
Royal LePage Vidorra
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