logo-loader

RESAAS starts trading on OTCQX in the US

Published: 10:13 01 Oct 2014 EDT

resaas_mobile350_542c0c54832f1

Real estate-focused social networking platform RESAAS (CSE:RSS) (OTCQX:RSASF) has qualified to trade in the US on the OTCQX marketplace. 

The company began trading yesterday on OTCQX under the symbol "RSASF". 

"RESAAS's innovative web and mobile social media platform helps real estate agents worldwide network, gain referrals and grow their businesses," said president and chief executive officer of OTC Markets Group, R. Cromwell Coulson.

"We are proud to welcome RESAAS to the family of established U.S. and international companies on OTCQX and look forward to working with the company for years to come."  

RESAAS provides a social media platform for real estate agents to showcase their listings, answer questions from potential homebuyers, communicate ideas on their market to followers online, as well as refer and network with each other. It is designed to sync with other social networks such as Facebook (NASDAQ:FB), Twitter (NYSE:TWTR) and LinkedIn (NYSE:LNKD), allowing listings and photos to be shared, and industry news to be posted, all of which helps generate leads for the agent.

The business has gone international quickly, with the company having built its own proprietary translation website in order to allow the platform to reach a truly global audience. It first translated the platform into Spanish in March, and has since added French, Turkish and most recently, Portuguese. It has plans to release another 20 languages over the the short term.

The company's main goal is to generate more business for real estate agents through its referral network. RESAAS' international expansion has no doubt been fueled in part by its partnership with some of the largest organizations in the real estate industry, the biggest being RE/MAX with 95,000 agents in over 100 countries, which has accelerated interest from overseas.

RESAAS has added over 80 large brokerages in Canada and the U.S. since opening for business in February 2013, as well as signed on several real estate associations and franchises, including the groundbreaking deal with RE/MAX.

Last month, the company launched a marketplace for its social networking users, offering a collection of real estate products and services to purchase at a discounted price.

RESAAS said Tuesday that Troy Gould PC will serve as its Principal American Liaison, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

1 hour, 6 minutes ago