Canada’s real estate community has reacted swiftly to CREA’s proposed policy restricting the use of “exclusive listings.” Whether it’s enacted is now up to the association’s membership. 

Following a tsunami of comments and strong reactions from the industry, a spokesperson for CREA says the board has decided to put the proposed Realtor Cooperation Policy to a vote for its more than 150,000 members. 

The policy, which was slated to come into effect next year, would have required realtors to place their listings on their local MLS within three days of public marketing. CREA says the new policy seeks to reinforce cooperation among realtors.

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