Mr. Tom Rossiter reports
RESAAS EXPANDS ON NEW AGREEMENT WITH RE/MAX
Resaas Services Inc. has provided additional information on its new agreement with RE/MAX LLC, one of the world's leading real estate franchisors.
Under the terms of the three-year, automatically renewing agreement, effective March 18, 2025, Resaas generates revenue from multiple channels, comprising 1) set-up fee, 2) recurring monthly licence fees, and 3) variable transaction fees. As of the date of this press release, the set-up fee has been paid in full, with billing for monthly licence fees commenced. The recurring monthly licence fee will result in an approximately 50-per-cent increase in revenue to the company. The company expects to generate potentially significant additional revenues from the variable transaction fee, although the quantum is dependent on future transaction volume.
An official launch announcement, containing specific details, will be made jointly by both companies at the end of April, 2025.
This updated press release has been released in response to a request for additional information by the Canadian Investment Regulatory Organization (CIRO), such that prospective investors are suitably aware of the significance of this agreement to the company.
About Resaas Services Inc.
Resaas is an award-winning technology company serving the global residential and commercial real estate industry.
Over 600,000 residential real estate agents in 160 countries use Resaas to obtain unique real estate data, access to qualified international referrals and coming-soon listings. Commercial real estate's largest brokerages and institutions leverage Resaas as a data exchange to securely distribute their own data with designated third parties.
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