But are private websites only ineffective because they don't have the data?There is no chance for that. In Canada MLS rules. Private websites are around but totally ineffective. In the US there are severals MLS's but nothing like the Canadian MLS.If the TREB does lose, I wonder if there will be zillow like websites coming to Canada.
I think TREB is fighting a losing battle wasting their realtors money. Restricting information in the age of the click won't get you very far. Threatening realtors with suspension if they make data abilable to clients or potential clients is plain stupid.
The MLS has been created, paid for and maintained by realtors, so, yes they have the rights to it, but according to the Competition Bureau, with certain limits. I can see the CB's point of view in trying to open up the MLS for true competition, but unfortunately for them ... the Real Estate boards are better negotiators.
Realtors do pay for the system. But the system itself is just a vault that locks up the data. The actual data itself is public information.