Real estate platform Hyyve has officially launched in Toronto, introducing its out-of-the-box approach to matching Realtors with sellers.
With Hyyve, Realtors bid on residential listings, competing with other agents in what’s essentially a bidding war to get clients.
The platform is free for sellers to use, enabling them to receive upfront cash and compare side-by-side proposals from agents competing to earn their listing.
The game-changing model sees agents pay upfront for the right to list a property.
Hyyve only earns a success fee from the winning agent’s bid.
Exclusive launch
Hyyve launches with 500 select, invite-only Realtors and home sellers.
The platform’s advisory board includes former Re/Max Canada president Christopher Alexander, Right at Home Realty co-founder Howard Drukarsh, and Luxe Listings Toronto star Peter Torkan.
Finer details
Sellers can now create MLS-style pre-listings with photos, videos, and property details, which can be enhanced by AI-powered virtual staging from Hyyve’s partner, AI HomeDesign.
Secure ID verification with Stripe also ensures trust for both sellers and agents.
Sellers receive bids that highlight agent credentials, regulator board compliance, ratings, and value propositions, then sign a standard listing agreement with their chosen agent.
The agent’s bid is held in trust until the home sells or the listing expires, with full refunds if the seller breaches the listing agreement.
Through Hyyve’s partnership with iCommission, agents can access commission advances on both signed listings and sales, empowering them to bid upfront without impacting cash flow.
