Competition watchdog, realtors reach a deal

Tim Shufelt and Theresa Tedesco, Financial Post · Thursday, Sept. 30, 2010

In a development that could drastically change the way Canadians buy and sell their homes, the real estate industry has reached a landmark agreement with federal competition authorities.

The legally binding deal will allow for home sellers to pay for only those services they want from their real estate agents. Previously, under the rules established by the Canadian Real Estate Association (CREA), consumers had to opt for an entire slate of services, a practice the Competition Bureau deemed anticompetitive. Read more of this post