ajaz_eco_204_2012_2013_chapter_16_Market_Power

Ca or as it is marketed these days realtorca crea

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Unformatted text preview: te brokers, agents and salespeople working through 100 real estate Boards and Associations. It’s up to the seller to decide if he or she wants that listing to be made public. If the answer is yes, the data is uploaded to the national site, mls.ca or, as it is marketed these days, realtor.ca. CREA gravitated towards the realtor.ca site because it did not want to confuse cons umers into thinking they were getting full access to the multiple listing service. It also did want to give up the name to major league soccer. What’s the difference between the public system and the private site that the agents guard so closely? For starters, the agen ts-only site has historical data that makes it much easier to get a sense of the value of the home. It also provides commission rates, tells you who the seller is and in most cases has superior search options. “There is still so much more on the private site than the public site and why shouldn’t there be? It’s our site,” one real estate veteran said. How has MLS been able to sta...
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