By Kathy Bevan
Some key members of the national Industry Leaders Group – which includes Canada’s largest real estate companies – are exploring the possibility of creating a national IDX broker data exchange system to share MLS listings with each others’ websites. Royal LePage, Century 21 Canada and Re/Max Ontario-Atlantic Canada are leading the discussions, which have involved CREA, local boards and brokerages, as well as conversations with Coldwell Banker Canada and Re/Max of Western Canada.
“Presuming this moves ahead, it will be a permission-based model whereby we’ll go out to our network’s members and ask, would you like to participate?” says Phil Soper, president and CEO of Brookfield Real Estate Services, Royal LePage’s parent company. “If the broker opts in, we’ll manage the process and on royallepage.ca you’ll see that broker’s listings plus all the listings of other brokerages in that trading area which are participating in the local IDX. It’s simply a roll-up of local IDXs.”
Soper says the concept being discussed is a natural evolution of the reciprocity decisions already being made by brokerages and boards across the country. Soper cites as an example the IDX data exchange system pioneered by the London and St. Thomas Real Estate Board several years ago. “Our brokers have been doing this for years, with a great deal of satisfaction, through their local IDX,” says Soper. “That’s what we’re talking about here – a national IDX.”
He says that sharing of corporate listings won’t be limited to the largest real estate firms. “It was always envisioned to be available for anyone who wanted to participate,” he says, adding that “a lot of people have had input outside of the largest national companies – we’ve simply been a steering group.”
The next steps involve further discussions with CREA. The group is hoping that they can populate their shared listings service by using the existing data feeds that local boards send to CREA to appear on the national association’s Realtor.ca website. Another option would be to work with individual boards across the country. The shared listings service would be based on the MLS rules already in place at the local board level and would not entail any additional cost to participants.
Regarding negotiations currently underway between CREA and the Competition Bureau to resolve the bureau’s concerns about MLS access rules, Soper says any shared listings system the real estate companies develop will be in full compliance with whatever resolution is finally reached.
“If the Competition Bureau’s actions result in some fundamental changes to the way organized real estate operates in Canada, we are organized real estate, so we will comply and change, along with everyone else in the industry,” he says.
Posted: 2009-12-16 08:21:34
Want to sell condo Toronto? If yes then you are at the right place. At Canada, especially in Toronto your search for a perfect real estate broker to find out best Toronto Condo for Sale can’t end at a better place. I Marco Momeni, assures you best value for your condo and unmatched customer service at most competitive cost. I can even help you make your condo more attractive so that we can finish the whole transaction and selling procedure in least possible time. Selling a condominium in Toronto is a very herculean task. And if you want to try to sell condo Toronto all by yourself then the whole process will be nightmarish. So let me handle your Toronto condo for sale, I guarantee you best value at most affordable price. I even have the experience to take care of all the legal procedures such as preparation of agreement papers and various other necessary things which are required at the time of condo selling. We are committed to strike the best deal for your Toronto condo for sale by finding out the most suitable person or family who can pay you correct amount. I can achieve this by utilizing mine as well as your network of family, friends, neighbors, office colleague etc. I even strive hard enough to popularize your Toronto condo for sale by using internet, print and visual medium, and various other advanced advertising and marketing techniques. As I have years of experience selling, buying and renting properties in Canada and especially in Toronto, We know in great detail about the important factors that makes difference in sealing a deal. Using all these knowledge, I give my clients many inputs and advices about staging their property which makes them more attractive and gets them better return on that.