We consider the reflection equation of the N =3 Cremmer-Gervais R-matrix. The reflection equation is shown to be equivalent to 38 equations which do not depend on the parameter of the R-matrix, q. Solving those 38 equations, the solution space is found to be the union of two types of spaces, each of which is parametrized by the algebraic variety P 1 (C) × P 1 (C) × P 2 (C) and C × P 1 (C) × P 2 (C).