SPECIAL REPORT: Interview with Eric Bryant of Openn | Open Bidding Breakdown

Episode 16 of the Master Keys Real Estate Podcast podcast, hosted by Master Keys, titled "SPECIAL REPORT: Interview with Eric Bryant of Openn | Open Bidding Breakdown" was published on April 20, 2022 and runs 67 minutes.

April 20, 2022 ·67m · Master Keys Real Estate Podcast

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Episode Description

In this special episode, Neal and Chandler sit down with Eric Bryant, director of operations North America for Openn. Eric is tasked with bringing the open bidding system currently implemented in Australia to the North American market (USA and Canada). The three discuss the ins and outs of the new system, how it will be implemented, and how it will affect the current market, among other things. Tune in now for this fantastic interview! Show Notes:

00:47 - Introduction to Eric Bryant and Openn

4:32 - How does bid tracking work?

6:30 - How will Openn change the current system?

10:42 - What information on offers is made public?

13:30 - How does Openn make money?

15:10 - Why is this technology emerging now?

19:45 - Will data be shared with any government agency?

22:30 - What can the new data do to assist sellers/buyers

29:25 - Reactions from Realtors

33:55 - How do you get into the Openn system?

36:20 - When will Openn be implemented in Canada?

42:31 - How will the experience be different than what we have now

49:55 - Are there protections for consumers?

52:24 - How is the system working in Australia?

56:20 - Does this on average result in a higher or lower strike price?

The Master Keys Podcast is hosted by Neal Andreino and Chandler Haliburton, two top real estate agents in Nova Scotia, Canada. Neal and Chandler have each built sizable portfolios of investment properties and leverage their expertise to inform their clients as well as viewers. The podcast covers all things real estate from the first steps as a beginner all the way to expert skills for experienced investors.

Please contact us with any questions or suggestions at [email protected]

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