Federal Court To Rule On Whether TREB Must Share Sales Data

Last year the Competition Tribunal ruled that the Toronto Real Estate Board prevented competition and stifled digital innovation by prohibiting its realtor members from posting sales data on their websites. TREB has appealed this decision.

"By denying agents the ability to introduce new and innovative real estate brokerage services using the internet, consumers are ultimately denied the benefits of greater competition.
Competition Bureau"

TREB's strict rules stiffel what real estate brokerage services could offer, which denys the consumer from the benifits of increased competion. Increased competion usually provides consumers with lower prices. Should the Federal Court of Appleal find in favour of the Competition bureau, this may further erode the ability of realtors to earn a decent living.

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