Stocktube video
26/02/2014

Resaas

View full size
Additional Information
Market: CNSX
Sector: Software
EPIC: RSS

RESAAS Services Inc. is a technology company engaged in the design, development and commercialization of an integrated online platform of technologies to service the real estate industry, including realtors and property searchers. The technology platform will include tools and components geared at realtors and property searchers.

RESAAS shares move up 20% in a week on continued growth of its social network

21st Jan 2013, 9:40 am by Carrie White
RESAAS is a real estate social network for real estate professionals, mortgage specialists, home buyers and sellers, designed to enable real-time updating of property listings as well as the ability to sync with social media sites such as Facebook and Twitter. RESAAS is a real estate social network for real estate professionals, mortgage specialists, home buyers and sellers, designed to enable real-time updating of property listings as well as the ability to sync with social media sites such as Facebook and Twitter.

Real estate social network RESAAS Services (CNSX:RSS) has seen a 20-per-cent jump in its share price in the past week as investors gear up for growth in 2013.

The social network for real estate professionals, mortgage specialists, home buyers and sellers is designed to enable real-time updating of property listings as well as the ability to sync with social media sites such as Facebook (NASDAQ:FB) and Twitter.

Shares shot up over 16 per cent on January 18 alone, just two days after the company announced a new deal with Southern California real estate firm Star Real Estate South County to join its platform.

Star Real Estate has been providing residential real estate services for Southern California neighbourhoods for more than 34 years, with agents trained in issues such as foreclosures and short sale real estate. 

The website, StarSouthCounty.com, also provides services to potential home buyers. 

Under the terms of the deal, all Star agents will receive their own corporate branded agent pages on RESAAS. The firm will also have a Star Real Estate South County News Page in order to broadcast information and remain in constant contact with members of Star Real Estate that are part of RESAAS' social network.

Real-time updates are one aspect of what sets RESAAS part from sites such as the Canadian Real Estate Association's Multiple Listing Service (MLS) website, where it can take a number of days for new listings to appear.

The company achieved a number of milestones in 2012, including a deal to work with The Residential Group Realty (TRG Realty) of Vancouver. TRG Realty, a real estate agency, started in April 2006, and has become one of the fastest growing companies in the Real Estate Board of Greater Vancouver. 

RESAAS noted that the five owners of TRG have more than 98 years of combined involvement in real estate sales in the Vancouver area. 

The company also recently added IT industry expert Pierre Chadi to its advisory board. Chadi is a senior executive with over 25 years of enterprise sales experience in the IT industry covering hardware, software, business solutions and professional consulting in Montreal, Ottawa and Toronto. 

More recently, he was Eastern Canada director of enterprise and public sales at Microsoft

Also last year, RESAAS was a winner at the Microsoft IMPACT Awards, an annual awards ceremony acknowledging innovation and excellence in Microsoft Partners.

The company was named the winner of the Windows Azure Platform Partner of the Year category, which specifically recognizes exceptional software in the cloud.

Since selecting Azure as its hosting provider in late 2011, RESAAS said it has experienced “tremendous growth”.

The company also welcomed Summit Realty Group to the its platform in 2012, a full-service, commission brokerage specializing in residential real estate throughout the U.S. 

Under the terms of the partnership, Summit Realty agents have their own corporate branded agent pages on RESAAS, and the firm will also feature a Summit Realty News page.

In one of its most notable achievements last year, RESAAS received approval to include its real estate Q&A app in Microsoft's Window's 8 App Store. 

The company's platform is also available for Apple's (NASDAQ:AAPL) iPhone and for Google's (NASDAQ:GOOG) Android operating system for smartphones.

Listed on the Canadian National Stock Exchange since early 2011, RESAAS has said it intends to apply to inter-list its common shares for trading on a stock exchange in the United States.

The company’s shares closed at 78 cents on January 18.

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here