Contrary to what the Competition Bureau may believe CREA has
no monopoly over the real estate industry, because to suggest so would mean that CREA controls price and supply; kind of like the big oil companies with gasoline prices, and banks with their service charges and interest rates.
The Competition Bureau sees REALTORS ® as having
a monopoly over the real estate industry because we developed and maintain MLS ®, albeit for the use of contributing to the prosperity of individuals seeking to carry out real estate transactions with even more confidence and success.
Not exact matches
Toronto
Real Estate Board's longstanding
monopoly over MLS may be at an end after upcoming Competition Tribunal decision.
It is a
monopoly with, in Ontario alone,
over 30,000 private practice competitors, 7,500 in
real estate alone.
That is, the
monopoly will be broken up and we will be forced to turn
over our data to competitors, who will then offer to sell it back to us at rates that are competitive with the
real estate boards who gathered the data in the first place.