The non conformer's Canadian Weblog

February 8, 2010

Competition Bureau seeks to smash ‘anti-competitive’ CREA rules on MLS

 

Real Estate and Homes for Sale   . Search for Homes.  What is my home worth? How much can I afford?   Top Property models, Types. Top home locations. https://thenonconformer.wordpress.com/2009/03/17/common-sales-lies-canadian-real-estate-market-blossoms-misleading/

One day in 2002, a self-professed computer nerd named Glenn Kelman scratched his head. Why was it, he wondered, that he could get more information about a $20 book for sale at Amazon.com than he could for a $500,000 home listed on the national Multiple Listing Service? http://www.theglobeandmail.com/report-on-business/the-battle-to-unlock-the-housing-market/article1450088/

The federal Competition Bureau says it will challenge the restrictive rules that govern the multiple listing service (MLS) system used by most Canadian home sellers to list their properties.
http://www.theglobeandmail.com/report-on-business/competition-bureau-seeks-to-smash-anti-competitive-crea-rules-on-mls/article1460083/

The Competition Bureau is asking the Competition Tribunal to strike down rules imposed by the association on people wanting to use the MLS system, which require them to use additional services they might not want.  Melanie Aitken, the competition commissioner, said that if the rules were struck down, “there will be downward pressure on real estate fees in Canada.” The Competition Bureau said that, under the Canadian Real Estate Association’s rules, agents are not allowed to offer consumers the option of paying them to just list a home on the MLS system.  Instead, they must buy a pre-determined set of additional services, such as the presentation of offers and the negotiation of a final deal, the bureau said.  “The bureau is focused on striking down these anti-competitive rules, so that real estate agents wishing to offer innovative services can do so, and consumers can benefit from greater choice,” Aitken said in a statement.

 
I had worked for AE LePage Realtors and shortly had quit when I had found out about their much too common scams, false, immoral, restrictive trade practises they are involved in.
 
1: They tend to consciously encourage new persons to join the firms and systematically lay them off.. they use the new employees for new real estate sales contacts, and local managers tend to pass on all the sale inquires to established existing sales personnel and the rookies get no financial benefit from their own hard work, input..
 
2: On their weekly homes for sale open homes visits by the staff, they only visit their own listings and discourage sales at any of the competitors listings.. they try to encourage their staff to only buy and sell their own listings. Hoping to double the commissions earnings.
 
3 And they also often clearly do lie to  their customers about the actual type of sales presentations they will do for them too. Newspaper ads are the most effective approach but they are too cheap to pay for too many of them..
 
The future of real estate is mobile. So, get off your desktops and get out there. By 2013, the mobile web will be bigger than the desktop web and that’s where all the information will be streaming in? Many Realtors today fear their replacement is just one computer click away, since 30 percent of persons will use their computer first to do a likley home search,  and new players like Google, RPR and the mobile platform are about to rock the sales boat, but some people still do prefer a personal touch by a supposedly professional realtor especially from Re/Max..
 
 Now a home should be generally a good investment, and when you buy a home you should make sure that you have not overpaid for the home, or bought a poor investment, even one that will not appreciate much in value next.
 
 

 https://thenonconformer.wordpress.com/2009/03/17/common-sales-lies-canadian-real-estate-market-blossoms-misleading/

https://thenonconformer.wordpress.com/2009/12/17/the-canadian-way-of-doing-business/

https://thenonconformer.wordpress.com/2009/10/03/insuring-adequate-consumer-protection/

https://thenonconformer.wordpress.com/2009/05/21/why-many-businesses-fail/

Home Price Indices (Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas) http://www.data360.org/graph_group.aspx?Graph_Group_Id=1208

When you are buying a home you need to know what makes it a good value, a good buy

1 The area the home is located in: including the proximity to high schools, public schools, hospitals, churches, shopping centers, metro

2: The specific home model: some homes are more popular over others and have a higher resale values.. the most popular ones are Bungalows, two stories, split levels with at least 3 bedrooms, a two car garage and finished family room, fireplace..

When you are trying to sell a home remember most realtors do not sell, or advertise your home, they hope someone else does, they merely take a listing from you and tend not to do you much good.. it does not costs anything more but always ask a local Real estate manager such as Re/Max to give you the name of his or her  two    best selling Realtors.. and hire the send best one who will work hard now, Insure that in writing he or she guarantees to advertise regularly your home in a local newspaper for that is likely where it will attract the best buyers too.

 

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