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 parameterized by the algebraic variety P(1)(C) x P(1)(C) x P(2)(C) and C x P(1)(C) x P(2)(C).