Market Overview

AREAA Global Selects RESAAS to Power Referrals to 17,000 members

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VANCOUVER, May 27, 2020 /CNW/ - RESAAS Services Inc. (TSX-V: RSS, OTCQB: RSASF), a technology platform for the real estate industry, is pleased to announce that AREAA Global has selected RESAAS to power its referral business among all 17,000 members.

AREAA Global is a for-profit subsidiary of the Asian Real Estate Association of America (AREAA), the largest Asian organization in North America. Their mission is to promote sustainable homeownership opportunities in Asian American communities.

AREAA's goal is to enable its network of agents to locate business opportunities where the return on investment (ROI) will be higher than if the agents were to act on their own. This 1-year renewable agreement, signed on May 25, 2020, enables AREAA members to send, receive and manage their referral business globally in real-time.

"AREAA has a large global footprint, and generates a significant amount of business opportunities for our members, in particular from Asia coming into the United States," said Carmen Chong, CEO of AREAA Global. "The RESAAS Platform will allow AREAA to deliver a proven referral solution for our members. AREAA has been searching for a way to connect our growing network of members. We are excited to align our Association with RESAAS, enabling both organizations to grow membership numbers, referral data and revenue together."

The RESAAS platform will be white-labeled for AREAA Global, and branded specifically to align with AREAA's value proposition.

AREAA members who upgrade to the $30 USD/month Premium subscription will enjoy privileged access to referral opportunities. AREAA will heighten awareness and support of the RESAAS Premium product to its members. Revenue generated from this Agreement will be shared with AREAA. It is expected that the most active of AREAA's members will select RESAAS Premium.

"We are excited to work with AREAA, fueling their expansion into new markets globally by providing data collected on global activity, relocation patterns, housing demand and migration trends," said Tom Rossiter, CEO of RESAAS. "By using the RESAAS referral engine, AREAA will reach its goal of enabling its network of agents to locate business opportunities where the ROI will be higher than if the agents were to act on their own. AREAA's endorsement of the RESAAS Premium product perfectly aligns the mutual interests of AREAA, its members and RESAAS."

About RESAAS Services Inc.
RESAAS is a technology platform that enables real estate brokerages, franchises and associations to bring real-time communication, new business opportunities and unique data to their agents on a global basis.
Visit www.resaas.com for more information.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.'s expectations and projections.

SOURCE RESAAS SERVICES INC.

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