Canadian competition bureau probing MLS rules
The Globe an Mail, Canada’s national newspaper, takes a look at the MLS situation in my home country, Battle over real estate listings spurs probe:
Full-service brokers worry that the service is being diluted by online realtors who list homes on MLS for a $695 fee and then let the home owner handle the rest of the sale. They say merely posting a home for sale on MLS is a misuse of the system, floods the service with listings and violates its regulations.
Many discount agents say full-service brokers are only trying to protect their high commissions.