Realtor.ca to Feature Real-Time Offer Tracking Through Partnership with Aussie PropTech Openn

The Australian PropTech company Openn has signed a pilot agreement with two major North American real estate groups.

Thanks to an agreement with the Canadian Real Estate Association (CREA), the listings of participating agents on the leading Canadian real estate portal Realtor.ca will get real-time offer tracking via Openn's 'Offers' product. Users will be able to see how many buyers they are competing with, track negotiations, make bids and get notified of other bids in real-time.

“Multiple offer scenarios have become increasingly commonplace in today’s real estate environment. Canadian property buyers and sellers seek greater confidence in the process, while Canadian REALTORS® seek tools to enable and more easily manage these situations. We’re very excited about the potential of this pilot to address both,” said Michael Bourque, CREA's Chief Executive Officer.

Duncan Anderson, Executive Director of Openn and President of Openn North America, said: “Through
six-plus years of development, execution, and innovation in the Australian market, we have proven that
both the real estate professional and consumer benefit greatly from enhanced transparency. We are
thrilled by the opportunity to partner with CREA to introduce Openn Offers to the Canadian marketplace.”

Openn is an Australian, publicly-listed PropTech company founded in 2016 that specialises in offering a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency while CREA is the agent body that owns and operates the leading Realtor.ca portal in Canada.

The Openn team were busy on a recent trip to North America having also signed an agreement to provide their technology to the Triangle MLS, the largest such organization in North Carolina with 16,000 agent members.