Vancouver Condo Real Estate Video Blog #444 - November 16, 2009
The Competition Bureau Opens Up Real Estate For Discounted Commissions
Ian Watt video blogs about how in a landmark investigation, the Canadian Competition Bureau has concluded the Canadian Real Estate Association (CREA) has anticompetitive rules and must change its ways, meaning that real estate fees and commission will open up for discounted real estate practices such as www.CondoGo.com . If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.
Ian Watt: Hi Good Afternoon, It's Ian Watt in
Downtown Vancouver. On this rainy November day. Recently we just got
some information from our Real Estate Board saying that the Competition
Bureau in Canada as really found that the Canadian Real Estate
Association is doing a little bit of unfair practice. Looks like were
going to be able to change everything which allows people that are not
even supplying a service as a realtor to post everything on the MLS.
Before it seem like you have to supply some sort of service but now
it's seems like I'm a realtor, I don't have to do anything, I can
still post in to MLS for a nominal fee. What's gonna happen is were
gonna see a lot of for sell by owners and companies sprouten up that
don't do anything except showcase listings online. I think it's
fantastic the people that is supplying a service the always room for
them and the people that wanna go discount always be room for them that
is fantastic. It's gonna open up fair trade as far as our Real Estate
Commissions are concerned. My name is Ian Watt. And to find out more
about this report from the Competition Bureau. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!