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RESAAS Pay: The Real Estate Industry’s First KYC and AML Compliant Broker-to-Broker Payment System

Tom Rossiter by Tom Rossiter
June 7, 2022
in CXO Thoughts, Executive Voice, Real Estate
Tom Rossiter

Tom Rossiter, President and CEO at RESAAS

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RESAAS is where real estate and technology come together to provide agents all over the world with all the connections and tools they need to succeed. Every agent has daily cumbersome tasks. RESAAS, unlike any other platform, tackles each and every one of these by providing a one-stop-shop for everything from; learning about market trends, to generating new referral business, to posting new listings – and now payments.

RESAAS is constantly innovating, bringing REALTORS® the latest technology to drive more business. This year has been no different, marked by the launch of RESAAS Pay, the industry’s first KYC and AML compliant Broker-to-Broker Payment System.

RESAAS Pay is a groundbreaking payment system for the Real Estate Industry. It brings transparent, secure and rapid payments to RESAAS agents globally. RESAAS has already rolled it out to over 500,000 real estate agents.

Referrals are widely considered to be the highest quality of lead in real estate. RESAAS provides a global, broker-agnostic ecosystem for all agents to exchange referral business.,

RESAAS Pay streamlines the payment by facilitating a peer-to-peer payment between Brokerages when the transaction closes.

The new payment infrastructure augments RESAAS’ existing award-winning referral platform, which is established across the real estate industry as the best-in-class medium for facilitating Brokerage-agnostic referrals between Agents.

With this latest development, RESAAS has removed the need for what has traditionally been a pain-point in the industry by enabling Brokerages to track their Agents’ connections and referrals end-to-end. As the first payment system to be fully compliant with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, RESAAS Pay introduces an innovative solution that meets money transmission regulations and enables cross-border and multi-currency transactions.

RESAAS Pay delivers the final step in fully digitizing the entire real estate referral experience. The industry has long anticipated a more efficient method for sending and receiving referral fee commissions online through their Brokerages. With the launch of RESAAS Pay, RESAAS Agents are now instantly able to do so.

Being the first to acquire the regulatory approvals needed to deploy this transaction solution makes RESAAS uniquely positioned, not only as a vehicle through which funds can move, but as a fundamental connector in matching agents together within the Real Estate industry.

Learn more at www.resaas.com

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Tom Rossiter
Tom Rossiter
President and CEO at RESAAS

Tom Rossiter is President & CEO of RESAAS, the World's largest real estate technology platform. RESAAS connects 500,000 real estate agents globally, powering technology for some of real estate's biggest brands.

Tom is a thought leader on international real estate trends, most recently voted one of Vancouver’s Forty Under 40.

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