Canadians in the housing market will pay less in realty commissions and fees if the federal Competition Bureau has its way. Read more here.
In a landmark investigation, the bureau has concluded the Canadian Real Estate Association has anti-competitive rules and must change its ways, according to documents obtained by the Toronto Star.
Details of a settlement have yet to be decided, but the bureau’s findings are expected to have a profound impact on the real estate industry – by permitting more innovative discount brokers into the market while allowing sellers to list their properties less expensively on the Multiple Listing Service.
Its about time, MLS has had a lock on real estate commissions for far too long. Lets see some competition!
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