- On May 31, 2018
RESAAS Services Inc., a cloud-based and blockchain technology platform for the real estate industry, is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Toronto-based REIN Group of Companies Inc. (REIN).
The MoU, signed on May 30th 2018, enables REIN to license existing RESAAS technology to create a separate, private platform for real estate investors to discover and share doors (real estate investment properties) within the REIN network. The MoU specifies fees involved, both for custom development and ongoing license fee tiers. With over 155,000 registered avid-investors, 36,500 students and thousands of active investor members, REIN has empowered over 39,000 transactions to date valued at more than $5.08B (CAD) within their membership. REIN remains to be the largest and longest running real estate investment education and advisory firm in Canada.
“The futurization of the real estate investment industry is here,” said Richard Dolan, President of REIN. “According to Google Canada, there are over 1.6B searches online per annum on all things real estate. This suggests an undeniable, unquenchable digital thirst for not just real estate information, rather real estate intelligence. As such, the old means and methods to search, find and secure great opportunities are highly commoditized, dated and unreliable. As we enter The Age of Digitization, investors that seek powerful performance within their portfolio will lean into and depend heavily upon the newly forming landscape of mobile technology, big data, blockchain technology and artificial intelligence so to make smart moves with velocity unapologetically. And with RESAAS, we will be at the bleeding edge of this imminent future of real estate investing.”
REIN has been the preeminent market leader in providing real estate investors proven systems to invest in real estate on their own or alongside friends and family for over 25 years. Having grown to be Canada’s leading thought leader through the development of proprietary research, authoring national best-selling books and producing timely research on specific real estate markets; REIN has earned and remains the most sought after educator on all things investment real estate.
“We are excited to commence working with REIN and enabling their impressive organization to realize their long-time vision,” said RESAAS CEO, Tom Rossiter. “Our award-winning technology platform was built with all corners of the real estate industry in mind. Entering into our first fully white-labeled, licensed relationship to provide innovation in the real estate investor space presents numerous new growth opportunities for both RESAAS and REIN.”
The initiative is planned to be launched in Canada in late 2018 under a new brand, with plans to ready the platform for use in other major real estate markets worldwide early in 2019.