The report suggests that the Chinese site has listings data when local agents do but there is a lag of a few days before this is public on realtor.ca. It also says that the site connects with local real estate agents and takes a commission for the introduction.
The Real Estate Board of Greater Vancouver told the Sun that it was aware of the site and is reviewing it. Although it is currently unclear whether Vanfun.com is operated by a licensed realtor, REBGV warned that buyers should not use unlicensed operators.
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Real estate buyers in Shanghai are being given a jump on Vancouverites by getting an early view of MLS listings. That’s according to a report from the Vancouver Sun which says that Vanfun.com lists properties in Chinese ahead of their appearance on the MLS public site in Canada.