April 16, 2013 -- On April 15, the competition Tribunal announced that it has dismissed an Application started by the Commissioner of Competition against the Toronto Real estate Board, and ordered costs owing by the Commissioner of Competition to TREB.
The contest Tribunal stated that its decision is founded on its finding that the Toronto Real Estate Board was obviously not acting anti-competitively.
"The Tribunal's decision was the right decision," asserted Ann Hannah, President of TREB. "TREB and its Members may continue to offer the highest possible quality property service without sacrificing the privacy rights of consumers."
This is a certain call which undeniably permits TREB to carry on with its current Virtual Office Website ( Vow ) policy. These Vows permit clients to access REALTOR Members' secure password-protected web sites showing MLS listing information. TREB is skyrocketing access and competition while safeguarding the privacy rights of shoppers.
Across the hearings, TREB stood up for the privacy rights of clients and will carry on doing so. The result reinforces that protecting privacy isn't anti-competitive.
"TREB struggled with the competition Bureau's actions that would have forced TREB to dismantle the safeguards of the MLS system," expounded Von Palmer, Chief Privacy Officer.
"TREB and its Members have a moral and legal obligation to guard consumers' private information. Privacy matters, so we fought back."
TREB appreciates the efforts and support of The Canadian Real estate Organisation on the matter.
TREB has a commitment to protecting the quality of the MLS system and the better service TREB Members offer their clientele while safeguarding the privacy rights of consumers.
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