Get Crackin’

Egg on Face

Menu’s from Vancouver’s multi-cultural restaurants contain many exotic dishes – you may even find ‘Egg-on-Face.’

Poached

In Ottawa the term has a much more literal meaning particularly if your name is Melanie Aitken, the Commission of the Competition Bureau. It seems that the National FSBO (for sale by owner) group is up in arms saying that Aitken’s action against the MLS is going to put them out of business.

Fried

According to the National Post’s Garry Marr, Ms. Aitken rejected the changes passed by CREA. “Her plan would allow real estate agents to provide a multitude of a la carte services, including using an agent just to list on MLS.” Now Steven Skelly, VP of National FSBO is crying foul.

Scrambled

“Private sales by owners represent as much as 30% of all transactions in some centers, National FSBO says. Its application suggests the government watchdog’s plan would put them out of business, thus reducing competition instead of creating room for it.”

Wasn’t it just a week ago that nasty Realtors controlled 90% of real estate transactions?

“We are not quite sure what the commissioner is trying to achieve,” said Stephen Skelly, vice-president of operations with Ottawa-based National FSBO. “There is a discussion of a fee-for-service operation and that’s the kind of thing FSBO businesses already provide.”

Sunny Side Up

“There is serious concern in the FSBO community that if the commissioner’s application is successful, it would be very difficult for FSBO businesses to compete with agents who would have full use of the MLS and ‘related trademarks’ and who would have all of the advertising and marketing recourses of CREA and its members. This could ultimately lead to the demise of FSBO businesses and the cost-effective services they provide, and effectively [create] a monopoly situation.”

Quotes Courtesy the National Post

Cracked Egg

Aitken has postured in weeks past that she is all about creating competition. One is left to believe that there is a cracked egg in her basket for now the competition is complaining that her battle with CREA will leave them uncompetitive.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

davers Says:
April 9th, 2010 at 3:50 pm

I still dont understand how allowing MLS access to everyone is going to “break the monopoly”. First of all, I dont think its a monopoly. The group of 100K realtors is without a doubt the easiest way to sell a home, but it isnt the only way.

However allowing people MLS access without having to spend 20K on a realtor allows FSBO people access to a much larger market while still keeping costs low. It will probably hurt sites like buyowner and whatnot, but if its a better product for only slightly more money then it is tough to compete.

Boombust Says:
April 9th, 2010 at 4:20 pm

My poor dear mother (RIP) sold the last FOUR places she owned by herself before she passed away in 1995.

A little sign here. One over there. Done.

April 9th, 2010 at 4:28 pm

@davers
you have probably noticed that there is now a flood of ‘new’ companies offering various menu plans. Pay particular attention to the disclaimers of liability re disclosure of material defects.
In this ‘hot’ market where listings are loading up the system and making it very competitive, it’ll take a lot more than a basic listing on mls and a sign on the lawn. I know, I know – the non refundable costs seem like peanuts but, in the months ahead when the shine is off the apple, with listings sitting for months, I suspect we’ll be hearing different stories in the paper and on TV. This humble peddler’s view is that private sellers/buyers will follow the pattern established south of the 49th, making the courts busy with litigation for non disclosure of material defects.
BTW – my record is that I’m right 50% of the time with my predictions. The other 50% I don’t talk about.

April 9th, 2010 at 4:29 pm

@Boombust
sorry to hear that. Mom’s are originals to each of us.

Samsonite Says:
April 9th, 2010 at 5:37 pm

Mom’s are original to each of us

ain’t that the truth

lets not forget that the beauty of life is……….

the beauty of life

life is wonderful…be u a bull or a bear

i am a bear (i mean, i am a realist)

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