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Unformatted text preview: ve off competition from for-sale-by-owner sites – called FSBOs – and other third-party sites on the Internet, when
information is supposed to flow freely?
MLS has reached such a critical mass it is impossible, or simply not smart, to sell your home any other way. Sell it privately or through
another web site and there is a greater likelihood of missing out on potential buyers willing to pay a higher price.
The MLS has grown in dominance from having just $1-billion in sales in 1960. Sales through the system climbed to $7-billion by 1976, and by 1986
had soared to $30-billion. Last year, close to $131.9-billion of residential sales were listed through MLS.
The federal Competition Bureau has an open file looking into whether the MLS system has rules that violate the Competition Act. At on e point,
Stephen Moranis, the former owner of Realtysellers (Ontario) Ltd. Sued the Toronto Real Estate Board (TREB) and Canadian Real Estate
Association, alleging the two organizations were forcing the company to...
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- Fall '14
- The Land