REM Breaking News: Competition Tribunal rules against TREB

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The Toronto Real Estate Board (TREB) has engaged in anti-competitive acts that had “a considerable adverse impact on innovation, quality and the range of residential real estate brokerage services that likely would be offered in the GTA” without TREB’s restrictive rules, the Competition Tribunal has found.

During the tribunal hearing last fall, the Competition Bureau said that TREB stymies fair competition by monopolizing the MLS terms of use to the detriment of virtual office websites (VOWs), as well as to TREB’s 42,000 members and to consumers.

 

Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service.

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