Openn US Pilot Program: Century 21 and RE/MAX broker agreements

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Nov 25, 2021

Openn US Pilot Program: Century 21 and RE/MAX broker agreements

Openn has entered into binding agreements with two real estate brokerage firms to participate in the Company’s Pilot Program in the United States, Century 21 and RE/MAX.

Duncan Anderson, President Openn North America Inc.

Australian-listed property technology company, Openn Negotiation Limited (‘Openn’), has entered into binding agreements with two real estate brokerage firms to participate in the Company’s Pilot Program in the United States.

Through its wholly owned subsidiary, Openn North America Inc. (‘Openn North America’), Openn has entered into an agreement with Century 21 All Points Realty in Connecticut for their participation in the Pilot Program and to prepare for the Openn Platform’s entry into that market.

Openn North America has also entered into an agreement with RE/MAX Revolution in Massachusetts, for their participation in the Pilot Program and subsequent market entry of the Openn Platform into that state.

Duncan Anderson, President Openn North America Inc, said: “The Pilot Program is intended to test and evaluate the potential market demand for the Openn Platform, in pilot states specifically, and in the US market more generally.

“Openn has established a strong relationship with the Century 21 All Points Realty team, including leveraging their advice over the past year, and culminating in the release of the US-specific pilot environment last week.

“The signing of these agreements is just one further step on the path to North American commercialisation, and reflective of the good work done by our North American Director of Operations, Eric Bryant and the Openn US team to implement the plan. There is more for us to do, but this step consolidates important relationships in key North-East US markets and aligns with the strategy for successful market entry into the US and in Canada.”

Kelly Petersen, Owner and Broker of Century 21 All Points Realty, on the reasons for participating in the Pilot Program, said: “The real estate industry needs transparency and today’s market has brought it to the forefront. Openn allows us the opportunity to provide that transparency and efficiency to our clients.”

Mike DelRose Jr, Director of Marketing at RE/MAX Revolution in Boston, added: “We are always exploring opportunities that will potentially benefit the homebuyer, the seller and the agent community. The Openn platform provides efficiency and transparency to the offer process, which can be a difficult part of the real estate transaction to navigate. We are happy to align ourselves with organisations that are looking to make transactions more transparent and easier to understand."