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Posted on 04/11/09

Real estate agents keep lock on MLS - for now

Real estate agents won't lose their grip on the listings process as part of the Canadian Real Estate Association's settlement with the Competition Bureau of Canada.The association (CREA) had signalled this week that its Multiple Listings System (MLS) may need to be thrown open to competitors to satisfy the bureau - giving consumers more choices on how to buy and sell homes and lowering costs as discount real estate brokers emerge and cut agents out of the process.

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