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TORONTO – Canada’s largest real estate board must give its realtor members access to more home sales data, which they could share with the public online, the Competition Tribunal said Friday.
The tribunal said the Toronto Real Estate Board must include in its home sales data feed information it currently does not disclose, including sales figures, pending sales and broker commissions. Member realtors can also request access to archived data.
In its decision, the tribunal said realtor members would be allowed to post that information on their websites, as long as users are required to register to access it. Sellers would be permitted to opt out of having their addresses and listings posted online.
TREB has been given 60 days to make the changes. In a statement Saturday, CEO John DiMichele said TREB is examining the tribunal’s order with its legal counsel before making any public comments as the matter is before the courts.
The Competition Bureau said Friday the competition commissioner has been served with a notice of appeal by TREB, alleging that the tribunal erred when it ruled in favour of the bureau earlier this year…

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