SOURCE: RESAAS Services Inc.

RESAAS Services Inc.

May 26, 2016 09:30 ET

Austin Board of REALTORS® and RESAAS Partner to Provide Central Texas REALTORS® With Pre-Market Listings Platform

VANCOUVER, BC--(Marketwired - May 26, 2016) - RESAAS Services Inc. (CSE: RSS)(OTCQX: RSASF), a cloud-based social business platform for the real estate services industry, announced today a five-year agreement with the Austin Board of REALTORS® (ABoR), a 12,000 member organization serving the Central Texas region. This partnership will allow Central Texas REALTORS® to immediately communicate and share listings in a centralized social platform known as RealTimeMLS.

Through RealTimeMLS, Austin Board of REALTORS® members can now share listings with all 12,000 ABoR MLS subscribers within minutes from their phone.

"It's not uncommon for Austin-area homes to sell within hours of a listing agreement being signed, creating a need for Central Texas REALTORS® to be able to share listings from within the field and in real time," said Aaron Farmer, 2016 President of the Austin Board of REALTORS®. "RealTimeMLS allows pre-market data to be captured in a single, trustworthy platform that utilizes listings data in an ethical manner. This partnership further paves the way for evolution of MLS technologies as well as the use of complete, accurate listings data in the industry."

"Coming soon" or "pre-market" transactions can put agents and their clients at risk of violating both legal and ethical standards for real estate transactions if not managed properly. RealTimeMLS has been developed around the needs of modern agents, primarily to both complement the needs of agents working in aggressive markets and to ensure real estate associations continue to capture a complete picture of all housing market activity in their area. This new solution provided by the RESAAS platform allows MLSs to track data in an easier and more efficient manner.

"In these hot markets, agents need reliable, real-time technologies that allow them to work at the speed of the market. Having a resource like RealTimeMLS prevents agents from taking their work offline and using un-regulated methods," said Tom Rossiter, President of RESAAS. "The Austin Board of REALTORS® is an industry leader in listings data technology, with deep data analysis and testing with their members. We look forward to helping them further enhance the availability of listings data and bring additional value to their members."

About RESAAS Services Inc.

RESAAS, a cloud-based social business platform for the real estate services industry, is designed specifically for the real estate professional to connect and communicate in real-time. Known as real estate broadcasts, RESAAS' powerful reblasts® engine automatically generates all of your real estate workflow into invaluable social content that is instantly pushed out to the RESAAS platform and other social networks. Visit www.resaas.com.

About the Austin Board of REALTORS®

The Austin Board of REALTORS® (ABoR) builds connections through the use of technology, education and advocacy to strengthen the careers of its 12,000 MLS members and improve the lives of Central Texas families. We empower Austin REALTORS® to connect their clients to the region's most complete, accurate and up-to-date listings data.

For more information, contact the ABoR Department of Public Affairs at marketing@abor.com or 512-454-7636.

The CSE has not reviewed, nor approved or disapproved the content of this press release.

Forward-Looking Information:

This press release and the RESAAS website referenced herein contain forward-looking information within the meaning of Canadian securities legislation, including but not limited to statements regarding the company's technology platform. The forward-looking information is based on certain key expectations and assumptions made by RESAAS' management, including future plans for the design and development of the company's technology platform.

Forward-looking information is subject to risks, uncertainties and other factors, many of which are outside of the company's control that could cause actual results to differ materially from the results discussed in the forward-looking information. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on such information because RESAAS can give no assurance that it will prove to be correct. The Forward-looking information contained in this press release is made as of the date of this press release. RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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