Real estate agents approve new MLS rules
CREA approved changes for MLS listings
The Canadian Real Estate Association approved changes Monday that will give those who buy or sell their homes on the association's listing service more power to handle portions of the transaction on their own.
In a move to cut off a challenge by the Competition Bureau, the association's members voted at its annual general meeting in Ottawa to loosen its own rules.
Now, a consumer will be able to pay an agent a flat fee – zero is not an option – to list on the MLS, where about 90 percent of all home sales are done. Agents must now pass along a seller's home phone number, if the seller chooses, directly to an interested buyer if asked.
A CREA spokesperson said the changes would be implemented "as soon as it is reasonable at each local board."
(via The Globe & Mail)
