Openn Integration and Growth Metrics
US PILOT PROGRAM
OPTIMAL CHANNELS TO MARKET
openn
COMPLETE
US ROLL-OUT TIMETABLE
Engineering work now complete on
the initial US pilot release
Appointment of Mr Eric Bryant
as Director of Operations for Openn
North America
ESTABLISHING PARTNERSHIPS WITH KEY PARTICIPANTS IN THE TRANSACTION CYCLE:
BUYERS +
SELLERS
TECHNOLOGY
PROVIDERS
Finalised legal framework for
pilot states
SELLERS
AGENTS
Binding agreements executed
openn
with brokerages for pilot program
Launched US-specific
platform environment
MLS
Finalise pricing methodology
I
•
•
BUYERS
AGENTS
•
Discussions well progressed
with a key provider to 7 MLS
Assessing opportunities
for alignment with other
participants
Discussions progressed
with 2 major MLS
Developing focused marketing
strategy in pilot states
Q12022
First pilot sales, starting
with Connecticut and Massachusetts
Integrations with key Multiple
Listing Services
Develop commercial roll-out plan
Q2/Q3 2022
Commercial launch
PARTNERSHIP AGREEMENTS EXECUTED
Binding Letters of Intent with Century 21 All Points Realty in Connecticut and
RE/MAX Revolution in Massachusetts. Each brokerage will allocate 4-10 realtors to
train and test the Openn platform in their respective markets.
Both brokerages will assist with commercialisation strategy and assist in raising
market awareness of the platform.
Initial term of 6 months - may be extended or closed early following a minimum trial
of 60 days
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