SOURCE: RESAAS Services Inc.

RESAAS Services Inc.

August 07, 2015 06:00 ET

San Francisco Association of REALTORS® Selects RESAAS to Redefine MLS Practices

VANCOUVER, BC--(Marketwired - August 07, 2015) - RESAAS Services Inc. (CSE: RSS), a cloud-based social business platform for the real estate services industry, is pleased to announce that it has signed a five year agreement with the San Francisco Association of REALTORS® (SFAR).

The agreement defines a landmark initiative, providing SFAR's MLS (Multiple Listing Service) with a revolutionary real-time listing sharing solution, giving the 4,200 member REALTORS®, and the MLS itself, instant visibility into listings that are of pre-market status.

"The San Francisco real estate market is on fire, and has been for several years now," said Walt Baczkowski, CEO of SFAR. "A hot seller's market means listings sell fast, often with multiple offers over the asking price. In this situation, many properties change hands before the listings ever hit the MLS. Our concept of a MLS messenger, a method for our members to communicate newly signed listing agreements in minutes with each other, is becoming a reality thanks to the power and reach that the RESAAS platform provides."

Pre-market transactions are notoriously hard to track and measure, and can lead to a large percentage of sales not being recorded in the MLS records. This results in incomplete sales data, making the Comparative Market Analysis (CMAs or "comps") inaccurate. This is the first ever solution to be curated in a partnership form with an MLS, of which the MLS is taking advantage of the RESAAS platform.

"Pre-market listings have become an increasing popular topic of debate, especially in booming seller's markets," said Tom Rossiter, President at RESAAS. "At RESAAS, we always focus on real-world scenarios that the real estate industry is facing, then use our technology to provide complete solutions. In this case, our platform will provide significant value to SFAR, which in turn helps their members become better informed."

This announcement coincides with both the San Francisco Association of REALTORS® and RESAAS attending Inman News' Real Estate Connect, the go-to industry networking event of the year, held in San Francisco August 4th to 7th, 2015.

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 San Francisco Association of REALTORS®
The San Francisco Association of REALTORS® (SFAR) is part of a network of local and state associations of REALTORS®, all of which are affiliated with, and chartered by, the National Association of REALTORS®. SFAR provides services to REALTORS® doing business in San Francisco and the Northern Peninsula. The Association operates the SFAR multiple listing service (SFARMLS) in addition to providing services for members including: publications, education programs and legislative representation. For more information, visit http://my.sfrealtors.com/.

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

Forward-Looking Information:

This press release and the company's website referenced herein may include forward-looking information within the meaning of Canadian securities legislation, concerning the company's technology platform. 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. 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 the forward-looking information because RESAAS can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are 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.

Contact Information

  • On Behalf of RESAAS
    Danielle Sissons
    VP Communications
    RESAAS Services Inc.
    Telephone: (604) 558-2929
    Email: danielle.sissons@resaas.com

    Investor Relations
    Cam Shippit
    RESAAS Services Inc.
    Telephone: (604) 558-2929
    Email: cam.shippit@resaas.com

    On Behalf of San Francisco Association of REALTORS®
    Deborah Grinnell
    Communications Director
    San Francisco Association of REALTORS®
    Telephone: (415) 230-2632
    Email: deborah@sfrealtors.com