VANCOUVER, BC, Nov. 6, 2023 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), a leading provider of technology solutions for the Real Estate Industry, has teamed up with VectorSolv to bring AmTrust Financial-backed home warranties to RESAAS Agents and their clients. This partnership aims to enhance the services surrounding real estate transactions and provide additional value to RESAAS Agents and their clients.
Through the collaboration with VectorSolv, RESAAS will introduce a unique home warranty plan that leverages Artificial Intelligence (AI) and Data Analytics. This innovative solution will be tailored specifically to the vast audience of real estate agents and their clients who utilize RESAAS’ platform.
The CEO of RESAAS, Tom Rossiter, expressed his excitement about the partnership, stating, “RESAAS is proud to begin working with VectorSolv and AmTrust, together providing a leading home warranty solution to our more-than 600,000 RESAAS Agents.” This venture will enable RESAAS Agents to generate attractive non-transactional revenue through referral fees for each client referred to a home warranty. Subscribers of RESAAS’ “Ultimate” tier will receive even higher referral fees, incentivizing their participation.
AmTrust Financial, a renowned provider of warranty solutions across various industries worldwide, saw the potential to develop a specialized home warranty plan specifically for RESAAS. Bruce Saulnier, President of AmTrust Warranty & Speciality Risk, emphasized their commitment to innovation and value creation. He stated, “AmTrust is committed to innovation and offering niche products where we can add significant value.”
The partnership with VectorSolv and AmTrust adds to RESAAS’ growing list of ancillary service partners, which includes HUB International Insurance and Rocket Mortgage Canada. By collaborating with these industry leaders, RESAAS aims to provide comprehensive and cutting-edge solutions to its expansive user base.
As part of the agreement, RESAAS will generate revenue from a royalty on all sales of home warranty policies sold through this partnership. The three-year agreement, signed on August 3, 2023, marks an exciting new chapter for RESAAS and its commitment to enhancing the real estate industry through innovative technology and strategic partnerships.
Q: What is RESAAS?
A: RESAAS is a global technology platform for the real estate industry, providing real-time industry communication, business opportunities, and capturing unique real estate data.
Q: Who is AmTrust Financial?
A: AmTrust Financial is a multinational insurance holding company offering property and casualty products, including extended warranty and service contract coverage.
Q: How will RESAAS Agents benefit from this partnership?
A: RESAAS Agents will earn referral fees for clients referred to a home warranty, allowing them to generate non-transactional revenue. Subscribers of RESAAS’ “Ultimate” tier will receive higher referral fees.
Q: What role does VectorSolv play in this partnership?
A: VectorSolv is enabling RESAAS to deliver a first-of-its-kind home warranty plan through the use of Artificial Intelligence (AI) and Data Analytics.
Q: How does this partnership align with RESAAS’ vision?
A: This partnership aligns with RESAAS’ commitment to expanding its services and delivering additional value to RESAAS Agents and their clients. It reflects RESAAS’ dedication to innovation and enhancing the real estate industry.