In a surprise move Thursday, the Quebec Federation of Real Estate Boards decided to end its membership in the national umbrella group CREA, effective Dec. 31.
While a dispute over increasing membership fees is a key concern, Montreal Realtors, among others in the province, have also objected to CREA’s vehement opposition to the fee-for-service model.
“After taking into consideration all of the relevant issues in this case,” writes the federation, in an email to its thousands of members, “QFREB have decided to maintain a provincial association that includes all the province’s real estate boards.”
Last year, the Greater Montreal Real Estate board said it would consider leaving CREA if, among other things, the association continued its campaign against the fee-for-service model federal adjudicators have now ruled as legal.
That prevents CREA from blocking real estate agents from agreeing to list properties for a set fee which are in fact being sold by the seller.
CREA continues to advocate for the full-service model most of its member support.
Still, many Quebec real estate professionals have argued the writing is on the wall and by embracing the fee-for-service model,
Realtors hold onto some piece of the pie, albeit a smaller one.
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