OTTAWA, Nov. 3, 2011 /CNW/ - The President of the Canadian Real Estate
Association (CREA), Gary Morse, today welcomed the decision of the
Competition Tribunal to grant CREA leave to intervene in the
proceedings the Commissioner of Competition has brought against the
Toronto Real Estate Board (TREB).
"We are pleased that the Tribunal is willing to hear our position in
this matter and look forward to contributing to the Tribunal on
important issues that will affect not only TREB and its members, but
will also have broader implications for other Boards and Associations,"
CREA had applied for leave to intervene August 31, 2011, and the
Tribunal heard arguments on the application on October 18, 2011. The
Commissioner of Competition had opposed CREA's application. All
documents related to the case can be found on the Tribunal's website at
"The important issues under discussion may lead to a Tribunal Order
affecting data sharing over the Internet which directly affects the
interests of all CREA members," continued Morse. "It is important for
us, and our members, to be at the table and part of this discussion."
The Canadian Real Estate Association (CREA) is one of Canada's largest
single-industry trade Associations, representing more than 100,000
REALTORS® working through more than 100 real estate Boards and Associations.
SOURCE Canadian Real Estate Association
For further information:
Pierre Leduc, Media Relations,
The Canadian Real Estate Association