- This is the company's sixth pilot in North America
- The move opens Openn to the southeast Florida market
- OPN closed at 18 cents yesterday
Openn Negotiation (ASX: OPN) has announced another North American pilot program, this time opening the company up to several parts of the Florida market.
The pilot agreement with Broward, Palm Beaches and St. Lucie Realtors Inc., also known a BeachesMLS, will see Openn open to South Florida and the Treasure Coast.
Executive director, CTO, and president of Openn North America, Duncan Anderson, said it is the sixth pilot agreement the OPN has signed:
“We are truly grateful to the Beaches MLS team for their support and guidance. Their message to Openn is consistent with feedback from across the USA and Canada. Consumers demand transparency and there is a material unmet market need for agent-to-agent collaboration tools.
“Openn resolves both, and our market entry is well timed. Partnering with BeachesMLS involves systems integration, product validation with member agents and planning for commercial launch.
“This is now our 6th pilot program with partner organisations and brings total member access to around 256,000 agents.”
CEO of BeachesMLS, Dionna Hall, also said the move will seamlessly bring together the desire for interaction and technology:
“There is a new wave of buyers and sellers that are hyper-connected and want to be involved in the entire transaction. This tool also strengthens the relationship with realtors and their customers, allowing another level of transparency.
“As a result, this industry trend gives all parties a streamlined process that displays all offers so deals can move quicker.”
Openn said the pilot will initially operate for a period of six months, and that it will work with BeachMLS through the pilot program to explore a longer-term agreement for ongoing collaboration with a view to expanding the roll out of Openn Offers to the BeachesMLS region and integration into BeachesMLS MLS system platforms; Corelogic/Matrix andFBS/Flex.
The Pilot Agreement otherwise contains various provisions considered customary for an agreement of this nature, including warranty, liability, intellectual property, publicity and confidentiality provisions.
At this stage, an accurate estimate of revenue generated from the Pilot is not able to be assessed as there are no commercial terms in place. There are no financial commitments, implications or licencing arrangements under the Pilot Agreement and there is no consideration payable.