Canadian Real Estate Association
| Headquarters | Ottawa, Ontario |
|---|---|
President | Pauline Aunger |
| Website |
crea |
The Canadian Real Estate Association (CREA) is a Canadian single-industry trade association that represents over 100,000 real estate brokers, agents and salespeople, working through approximately 100 real estate boards and associations across Canada.[1] Its president is Pauline Aunger.[2] The association was established in 1954.[3]
CREA’s members are known as "realtors", which means they are members of their provincial real estate association or members of both their local real estate board and CREA, depending on the province. As well, they abide by the ethical standards laid out in the Realtor Code.[4]
A real estate agent may become a member of a local board within the CREA, which confers the agent with membership in the CREA.[5] Local boards are represented by a provincial association within the CREA.[5] The local boards operate the multiple listing service for their market.[5] There are 101 real estate boards in Canada.[3]
Both the Multiple Listing Service or MLS trademark and the Realtor trademark are owned by Realtor Canada Inc, a subsidiary of CREA.[6] Local real estate Boards or Associations operate a local data base under a licensing agreement with the national association. CREA also operates the realtor.ca (previously MLS.ca and ICX.ca) web site.
Property owners who do not want to fully engage the services of a Realtor, can hire one to only list their property on the MLS system. In these instances, the property owner is responsible for ensuring the listing information is accurate and agrees to handle all other details of the transaction directly.[7] The seller may have to pay a commission to the buyer's real estate agent, if the buyer uses one.[8] Approximately 90% of real estate transactions in Canada in 2009 were conducted via the MLS.[3]
History
- 1943 - founded as Canadian Association of Real Estate Boards[9]
- 1944 - Realtor trademark adopted for use by its members[10]
- 1951 - Photo Co-op System (precursor to MLS) introduced
See also
- National Association of Realtors
- Real estate broker
- Real estate trends
- List of real estate topics
- REM (Real Estate Magazine)
Notes
- ↑ International Consortium of Real Estate Associations.
- ↑ Real Estate Magazine 2015.
- 1 2 3 Ladurantaye 2010.
- ↑ Canadian Real Estate Association.
- 1 2 3 Arbuckle & Bartel 2004, p. 422.
- ↑ Canadian Intellectual Property Office & 2015 TMA665978.
- ↑ Government of Canada & Competition Bureau 2010.
- ↑ McMahon 2015.
- ↑ Canadian Real Estate Association: History.
- ↑ First use in Canada claimed as early as 1921. CIPO trademark registration TMA665978.
References
- Arbuckle, Gavin; Bartel, Henry (2004). Readings in Canadian Real Estate (4th ed.). Captus Press. ISBN 1553220625.
- Ladurantaye, Steve (10 February 2010). "What's at stake in Competition Bureau's MLS fight". The Globe and Mail. Retrieved 1 May 2015.
- McMahon, Tasmin (1 May 2015). "Competition tribunal's ruling a blow for low-fee brokers". The Globe and Mail. Retrieved 1 May 2015.
- "The Realtor Code". Canadian Real Estate Association. Retrieved 2015-05-01.
- "History". Canadian Real Estate Association. Retrieved 2006-09-21.
- "Canadian Real Estate Association". International Consortium of Real Estate Associations. Retrieved 1 May 2015.
- "Pauline Aunger 2015 CREA president, new Board of Directors announced". Real Estate Magazine. 13 April 2015. Retrieved 1 May 2015.
External links
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