MLS: Rules are now loosened

An article publised by Homes-Extra.ca has announced that "members of the Canadian Real Estate Association agreed Monday to loosen rules governing the board’s Multiple Listing Service in a move that could usher in new-found power and savings for prospective homebuyers and sellers involved in real estate transactions."

Article: "CREA is pleased that the amendments have passed,” CREA president Georges Pahud said in a statement Monday.

Roughly 300 real estate professionals voted 87% in favour of proposed amendments to CREA’s rule No. 17, which governs the board’s MLS system, the association’s spokesperson Alyson Fair told QMI from the ballot location inside Ottawa’s Westin Hotel.

Fair could not discuss the amendments in detail since the issue is before a federal tribunal but did confirm the changes make it possible for homeowners to pay a one-time fee to list a property on the MLS - which would ensure maximum exposure - and have prospective buyers contact them directly by phone....(Read More)