CREA CLARIFIES MEDIA INACCURACIES

OTTAWA (November 3) – The Canadian Real Estate Association (CREA) today released the following statement in response to the various media reports regarding the proposed resolution between CREA and the Competition Bureau:

“The media has inaccurately reported that a proposed resolution between CREA and the Competition Bureau would result in members of the public being able to access the MLS® System to list their homes for sale without involvement of a REALTOR® member of CREA. This is incorrect. The MLS® system is a system for REALTOR® members of CREA. It would not be appropriate for CREA (or, in CREA's view, for the Competition Bureau) to comment further on ongoing settlement discussions. If a settlement is reached, that will become a matter of public record."