I second that. It’s only a matter of time before the remaining three join. Itso is looking like its done, for not keeping up with the times in tech. I know some don’t like treb telling others as they put it, but it’s not treb its the tech that speaks for it self, in this matter.

Or, boards should walk away and go back to ITSO!

This article is acting like TRREB are the hero after decades of refusing to data share.

Even better would be a competition bureau investigation that would FORCE TRREB to share data which would create true competition for services vs forcing everyone to their awful platform that is for profit.

Boards need to be held accountable for this fiasco! Especially those who were apparently told NOT TO SIGN by their lawyers because it was so one sided but chose to anyway. Where’s the risk evaluations? Where’s the due diligence of our professional associations?!

I’ve heard many of the lawyers advised the boards not to sign this VERY one sided contract with PropTx and they all chose to do it anyway!

Cornerstone release a very thorough Q and A after their SGM explaining why they chose not to go with PropTx.

Did these other boards even do a risk assessment? There are so many problems with this system but they are being touted as the hero’s of Ontario real estate. What a joke!

It’s built for city sales and while PropTx will get better, realtors and our clients are the ones suffering.

Apparently there’s a clause in the contract that directors can demand to walk away from the 9 year contract for them not delivering what they’ve promised.

I hope boards do this because we shouldn’t be the Guinea pigs used for building a system that’s apparently better built on the backs of our data that we don’t profit from.

Makes me wonder if the directors of boards actually did any evaluation of the risks.

We’re not. And we were already sharing data… it was the “saviour” TRREB who refused to join everyone else is sharing data.

Our clients and our professionalism is suffering in the name of profits.

Looking like TRREB members get priority help with Realm/PropTx issues…

And they are continuing to expand into the states while they haven’t even successfully on-boarded all of the Ontario boards (missing data, fields, step back in information we can give our clients)

Will be an interesting year ahead.

Hope the competition bureau steps in like others have suggested in these comments.

So true! Why wouldn’t they provide a full service level version of Matrix to their members??

Because it wasn’t about giving them options… was about them pushing everyone to Realm so it “looks so powerful”.

ITSO Matrix just released a bunch of similar upgrades as well as AI, only difference is that Teranet (another monopoly) refused to add the changes they promised ITSO after PropTx lured them over with the promise of big payouts of the for profit margins.

Two monopolies coming together… the Canadian Dream right there.

You’re joking right?! TRREB was the holdout for shared data. They refused to join ITSO because they didn’t like the security or the lack of control.

The money of a for profit was too enticing… why join the rest of the boards in a mutual sharing of data when you can force them to join yours and you can profit off of the data we provide.

Do some research. The bully is not the saviour here!

Contact your board & demand they revoke their contract. There is apparently a clause in the 9 YEAR CONTRACT that allows boards to pull out for the services not being what was promised.

Many boards were advised by their lawyers not to sign this one sided contract in support of the Monopoly & yet they did anyway.

Hold your elected officials responsible for this disaster to Realtor Professionalism & our client’s ability to receive full services from their agent!

We need members to contact the competition bureau because THEY will go after TRREB’s monopoly with the full extent of the law.