*Vaughan, August 21, 2023* – As Ontario gears up for the implementation of the Trust in Real Estate Services Act (TRESA) Phase 2 on December 1, 2023, MultiBID is set to revolutionize the real estate bidding process with a timely solution.
The upcoming TRESA changes, designed to enhance transparency in the real estate market, have garnered mixed reactions. While it offers home sellers the choice to disclose bid details, questions remain on its consistent application. Enter MultiBID, a membership-based platform, designed and built for Realtors that promotes transparent, fair, and efficient property bidding without the stigmas or risks associated with traditional auctions.
Brian Abela, licensed Realtor in Ontario since 2011, licensed auctioneer, and founder of MultiBID, said, “MultiBID was born from countless discussions with international Realtors, aiming to collate the best global real estate practices. With Ontario’s new open offer process, our platform provides a consistent solution, ensuring all parties experience transparency without compromising the rights of home sellers.”
While critics, including the leader of the Green Party of Ontario, have highlighted concerns around the flexibility given to sellers to choose their bidding process, MultiBID’s approach seamlessly aligns with the spirit of the legislation. It offers all sellers and buyers a uniform platform, eliminating the inconsistencies of a variable and ‘blind’ system.
MultiBID is not just another digital platform. Early adopters will benefit from a direct line of communication with Brian Abela himself, ensuring a personal touch to the listing and bidding process. “This is more than just a platform; it’s about building genuine relationships, understanding market needs, and collaboratively shaping the future of property bidding in Ontario,” Abela added.
As the Ontario real estate landscape braces for significant change, MultiBID stands at the forefront, prepared to guide Realtors and home buyers through uncharted waters.
For more details or to schedule an interview with Brian Abela, please contact him by email or direct phone.
Email: [email protected]
Phone: 647-992-7426
**About MultiBID**:
MultiBID is Canada’s only membership-based property bidding platform designed and built for use by Realtors. Founded by Brian Abela, a licensed Realtor and auctioneer with over a decade of experience, MultiBID offers an innovative solution to transparent property bidding, sidestepping the stigmas of traditional auctions, and revamping the transaction process by eliminating buyer generated offers and utilizing a seller based agreement instead.
