Canadian Competition Watchdog Sues Real Estate Group

Law360, New York (May 27, 2011, 7:27 PM EDT) -- Canada's antitrust regulators launched a lawsuit Friday accusing the Toronto Real Estate Board, the largest real estate board in Canada, of using restrictive property listing policies to stifle competition and innovation by denying consumers access to information on the Internet.

The Competition Bureau filed an application with the Competition Tribunal claiming that the TREB has imposed restrictions on the use of listings from its multiple listing service system in an effort to exclude innovative brokers from using the Internet to compete with the trade organization's member...
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