New tools part of a "proactive response" to trends in the Ontario real estate industry
The Toronto Regional Real Estate Board (TRREB) has announced the launch of SkySlope Forms and SkySlope Offers, which will provide its members with free access to an electronic form, signatures and offer management solutions.
With these new tools, TRREB members and partner board brokerages will be able to facilitate real estate transactions and start an offer on a property listed on TRREB’s MLS System for no extra fees, bringing greater efficiency to daily business operations.
“We’re excited to partner and unveil these SkySlope solutions,” said TRREB CEO John DiMichele. “As the largest real estate board in the world, TRREB has a long history as an early adopter of new technology, positioning it at the forefront of innovation.”
The introduction of SkySlope Offers and SkySlope Forms is part of TRREB’s “proactive response to a history of regulatory and legislative inertia in the Ontario real estate industry,” according to DiMichle, who also noted that the board is committed to helping its 70,000 members “stay compliant while avoiding additional administrative burden on their businesses.”
To streamline real estate transactions, SkySlope Offers will compile every offer on a property into a singular database, displaying and sorting them by multiple data points such as offer price and closing periods. Listing agents can also accept, counter, or decline offers directly within the platform.
“With SkySlope Offers, members and consumers can see the number of offers, approved changes and the overall offer process all in real-time while respecting consumer privacy,” said TRREB president Paul Baron. “This helps to protect our members while providing a consistent experience for homebuyers and sellers all within a level playing field.”
Baron also called the use of SkySlope offers “a win for members and their clients.”
SkySlope Forms, meanwhile, aim to improve the forms environment by eliminating redundant data entry, incorporating pre-mapped digital signature features, as well as offering two-way MLS® integrations and a number of workflow automations.
SkySlope is a software company that provides transaction management solutions to real estate professionals across North America, with secure cloud storage, round-the-clock access, and backup capabilities.
Last week, TRREB released its February home price figures, revealing that Toronto’s home price index sat at under $1.1 million last month. This is a 17.7% decrease year over year, with sales down by 49% compared with February 2022.