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Canada: Toronto Real Estate Board ordered to allow realtors to provide home sale information to the public
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This article is under development. You are welcome to contribute to it.If it is ready to be reviewed and fact-checked, Submit for review?Template:Assistant/submit/formCanada: Toronto Real Estate Board ordered to allow realtors to provide home sale information to the publicSubmit for review by changing the {{develop}} tag to {{review}} |
Saturday, December 2, 2017
The Federal Court of Appeal has ruled against the Toronto Real Estate Board (TREB ) on Friday, saying that the board must allow members to provide online sales data to the public. The TREB has vowed to appeal the decision.
The decision was the result of an appeal filed by TREB fighting a decision of the Competition Tribunal. TREB represent 45,000 realtors selling real estate in the Toronto area. Previously the realtors were not permitted to disclose data to the public regarding completed sales of homes, pending sales and realtor commissions.
If upheld by the Supreme Court, the decision would provide a precedent to all real estate boards in Canada to allow their agent to disclose sales information to clients.