FAQs

Hyyve charges a 30% commission on the successful bid amount received from the real estate agent, and the homeowner receives the other 70% of the bid amount. (EX. if the successful agent bid was $5000, Hyyve takes $1500, and the homeowner receives the other $3500).

The bid is only what the agent agrees to pay to represent the homeowner for the listing. This 0.65% is coming from a similar marketplace in the US, we don’t warrant sums, its a free marketplace. (This is not guaranteed and is based on US competitor data).

One of the biggest misconceptions about the real estate industry is that all agents provide the same level of service, and commission rates are the only differentiating factor. In reality, agents vary in expertise, strategies, and overall value, which is why Hyyve allows sellers to compare agents based on more than price, allowing high-performing agents to shine.

No. Homeowners should be connected with the best agent based on value, not just commission. Hyyve will create a more transparent and efficient process for everyone, ensuring that homesellers get the right combination of expertise, service, and cost that fits their needs.

Hyyve is working to solve inefficiencies and a lack of transparency in the real estate agent selection process by creating a competitive marketplace where agents can bid to represent sellers. This ensures that homeowners get the best value while agents get access to high-quality leads without excessive marketing costs.

Hyyve is the first step in connecting homesellers with the right real estate agent. Once this is done, the agent will then list the property on platforms like Realtor.ca and Sigma. We are calling it pre-listing - diagram on this page https://hyyve.ca/for-home-sellers/

They could! It is ultimately up to the agent to decide what they would like to offer to the homeowner in terms of their bid and service offerings, creating a more competitive environment that benefits both parties.

The biggest challenge I see for real estate in 2025 is uncertainty and inconsistency in geopolitics. That is why it’s more important than ever to hire a strong agent that will ensure the customer gets the most of money in the shortest time possible for their homes.

Hyyve is a Canadian marketplace that transforms the way homeowners connect with real estate agents. Through Hyyve, homeowners looking to sell their property can post their listing details and receive bids from qualified real estate agents competing for the opportunity to represent them. This transparent bidding process allows agents to offer upfront payments (held in trust) to secure the homeowner’s listing, recognizing its value. Once the winning agent is selected, the agent gains the right to sell the property while the homeowner benefits from receiving payment (held in trust) once the home is sold!

A listing is a property actively marketed for sale, often featured on the Multiple Listing Service (MLS) as an advertisement to attract buyers. Traditionally, real estate agents do not pay for listings—but Hyyve is revolutionizing the Canadian real estate market by enabling agents to bid for your listing, competing for the right to sell your home. A home sale occurs when a buyer and seller agree on a purchase price, resulting in the transfer of ownership. With Hyyve, you will receive payment for your listing and profit again when your home is sold!

Hyyve is currently in its pre-launch phase in Toronto, focused on building a robust database of real estate agents and conducting a thorough screening process. Agents can register now to secure their spot for approval before Toronto registration closes. Click here to register.
Homeowners will be able to post their listings for bids starting in Spring 2025. Join our waitlist today to be among the first to know and enjoy a 20% discount on Hyyve’s success fees. Click here to join the waitlist.

Hyyve is set to launch in Toronto, Ontario, in Spring 2025 and is now accepting no-obligation registrations for real estate agents. Click here to register. Homeowners can also join our exclusive waitlist to be the first to access the platform. Click here to join.
Following the Toronto launch, Hyyve will expand to Canada’s 10 largest cities, including Montreal, Calgary, Ottawa, Edmonton, Winnipeg, Mississauga, Vancouver, Brampton, and Hamilton.

Real estate agents can register with Hyyve and complete the approval process at no cost and with no obligation. Registration allows agents to view available listings in their area that are open for bidding. To actively place bids on listings, agents will need to subscribe to a paid plan.

Homeowners pay Hyyve a 30% commission on the successful bid they accept from a real estate agent during the bidding process for their home listing. Beyond this, Hyyve does not charge any additional fees to homeowners. Join our waitlist today to receive a 20% discount when Hyyve launches in Toronto in Spring 2025.

Hyyve is a first-of-its-kind platform in Canada, offering homeowners a unique opportunity to benefit from a competitive bidding process among real estate agents. Agents not only bid on the listing but also present comprehensive proposals that may include reduced commission rates or added perks like staging and painting services.
Thanks to Hyyve’s competitive environment, homeowners can expect to receive upfront (held in trust) payment for their listing and save on transaction costs through lower commissions. In countries where similar marketplaces exist, research shows that listings can earn up to 0.65% of the expected home sale price, while agents often reduce their commission rates and offer additional services.
Join our waitlist today to enjoy a 20% discount on Hyyve’s success fees when the platform launches in Spring 2025.

The Multiple Listing Service (MLS) is a database created by real estate agents to showcase properties for sale within a specific region. A homeowner’s listing is what gets published there, serving as the foundation for marketing the property. Without a listing, agents have nothing to advertise, and without advertisements, there’s no potential home sale—and no commissions. That’s why a homeowner’s listing holds real value, and on Hyyve, that value is recognized and rewarded!

Hyyve verifies homeowners using a third-party facial recognition application, matching their government-issued photo ID with official government records of land ownership and title. This ensures the homeowner is legitimate and authorized to sell the property listed on Hyyve. Once verified, the homeowner and the selected real estate agent sign a standard Listing Agreement specific to their region.
The funds paid by the agent for the listing are held securely in trust by Hyyve until the home is sold, or the contract has expired. This precaution safeguards both parties. After the home is sold (or the contract has expired) the funds (minus Hyyve's success fees) are released to the homeowner.

Hyyve maintains a high standard for agents in its community. Only licensed, accredited agents with clean records, positive reviews, and a track record of professionalism and responsiveness are allowed to participate in the Hyyve marketplace. Verified issues reported by homeowners may result in the agent being removed from the platform. Additionally, homeowners have full access to view each agent’s licenses and accreditations for added transparency and trust.

Yes, once a homeowner chooses an agent for their listing, both parties sign a standard Listing Agreement tailored to their region. Before this step, Hyyve performs comprehensive pre-bid and pre-listing verifications to ensure both the homeowner and agent are prepared and eligible to proceed with the transaction. For added security, Hyyve holds the bid amount in trust until the home is sold (or the contract expires) after which the funds are released to the homeowner, minus Hyyve's success fees.

Homeowners provide detailed information to help agents make a clear assessment of their property. This includes photos, a walk-through video, the number of bedrooms, bathrooms, and kitchens, as well as the type of home (e.g., detached, semi-detached, walkout, bungalow). They can also include details about features like pools, hot tubs, renovations, major upgrades (e.g., roof, furnace, appliances) along with their completion year, parking availability, garage type, shared driveways, neighborhood details, address, and any available surveys or plans. Additionally, disclosures such as the presence of knob-and-tube wiring or illegal rental suites should also be shared.

Once a homeowner submits details about their property, Hyyve alerts local agents that a new listing is open for bids. Agents have 48 hours to review the provided information (see FAQ: “What information does the homeowner provide to bidding agents?”) before the bidding process begins.
At the end of the bidding period, the winning agent funds their bid, and both the homeowner and agent sign a standard Listing Agreement tailored to their region. Hyyve securely holds the bid funds in trust until the agent sells the home (or the contract expires). After the agent confirms legitimacy of the transaction after a walk-through, the bid remains binding, and Hyyve places the bid amount in trust to be paid out at time of home sale.

No, Hyyve does not share, sell, or distribute any data collected through this website or the Hyyve Marketplace. All information is securely protected in accordance with Hyyve’s Privacy Policy and Canada’s PIPEDA regulations.

No, all bids are completely confidential and accessible only to the homeowner. Agent information is securely protected in accordance with Hyyve’s Privacy Policy and Canada’s PIPEDA regulations.

PIPEDA stands for the Personal Information Protection and Electronic Documents Act, which is a federal law in Canada that governs how organizations handle personal information:
Scope - PIPEDA applies to private-sector organizations, non-profit organizations, and federal government organizations. It also applies to the personal information of employees of federally-regulated businesses.
Purpose - PIPEDA’s purpose is to balance the right of individuals to have their personal information protected with the need of organizations to collect, use, and disclose personal information.
Principles - PIPEDA includes 10 fair information principles in Schedule 1. One of these principles is that organizations must identify and document their purposes for collecting personal information. They must also tell their customers why they need their personal information before or at the time of collection.
Exemptions - There are some exceptions to PIPEDA, but organizations that handle personal information that crosses provincial or national borders must comply. This includes federally-regulated organizations like banks, airlines, airports, and telecommunications companies.
Related laws - PIPEDA applies alongside the Alberta Personal Information Protection Act (PIPA) and the British Columbia Personal Information Protection Act (PIPA)

For homeowners, Hyyve charges a 30% commission on the successful bid amount received from the real estate agent. There are no other fees for homeowners. If you join our waitlist before launch, you can save 20% on Hyyve’s success fees when the platform goes live in Spring 2025.
For real estate agents, registering on Hyyve is free and provides access to view available listings. However, to actively bid on listings, agents must subscribe to a paid plan based on Hyyve’s dynamic pricing model.
What is dynamic pricing?
Dynamic pricing adjusts subscription costs based on several factors, such as the demand for listings in your area, the number of agents registered in the region, and the volume of available listings. This ensures that subscription fees are aligned with market activity and the value of opportunities within your location.
Agents can generally expect subscription fees to range from a few hundred dollars per month, depending on market conditions. Specific pricing details will be provided during the registration and onboarding process.

After the homeowner posts details on their home then Hyyve notifies the agents in the area that a listing is available for bid. Hyyve gives the agents 48 hours to review the homeowner information (see FAQ “What does the homeowner present to the bidding agents?”) before the bidding starts. The successful bid then gets funded by the agent. The parties enter into a standard Listing Agreement for the area and Hyyve holds the money in escrow until the agent completes a walk-through to verify the legitimacy of the transaction. Barring a scam, the bid becomes binding, and Hyyve releases the listing bid funds (minus Hyyve's success fee) to the homeowner once the home is sold.

The name Hyyve is inspired by the concept of a hyyve—a dynamic hub, a collaborative environment where multiple agents (like bees in a hive) work together, competing and contributing value. Just as a hyyve functions efficiently through teamwork and productivity, Hyyve fosters a competitive marketplace where real estate agents bid for the opportunity to represent homeowners, ensuring sellers get the best possible service, value and results. The unique spelling adds a modern, tech-driven touch, reflecting our innovative approach to real estate.

Hyyve launched its agent-side platform in December 2024, and the home seller side has been soft launched with a seller waitlist. We are actively onboarding sellers and refining the platform. A full homeowner-side (demand-side) launch is anticipated by spring 2025, with all key features fully operational to provide homeowners with a seamless pre-listing experience, helping them prepare their property before securing an agent who will presumably list the property on the MLS. Once an agent is selected through Hyyve, the process is handled entirely by the agent, and Hyyve is no longer involved, Hyyve is pre-listing.

We selected a spring 2025 launch for two key reasons: first, it allows time to build and strengthen the agent side of the marketplace, ensuring a robust selection of qualified agents; second, spring is the high season for real estate, making it the perfect time to launch. In the meantime, sellers are encouraged to join the waitlist at no cost and with no obligation, so they can take advantage of Hyyve’s partnerships (i.e. mortgages) and maximize the value of their listings. Early registration also allows homeowners to collaborate with Hyyve to position their listing effectively, ensuring maximum agent engagement and ultimately maximizing the final sale value. Sellers are encouraged to register 6-months in advance of their intended property listing date at no cost and with no obligation.

The Hyyve team is made up of experienced startup professionals who specialize in identifying value chains that can be transformed. In the case of Hyyve, we recognized that the listing is the foundation of the entire real estate transaction. Without the listing, there’s no way to post on the Multiple Listing Service (MLS), no opportunity to market the property, no chance to earn commissions, and ultimately, no way to sell the home. We believe this makes the listing inherently valuable and something that should be monetized and controlled by the home seller.

Hyyve empowers agents to upload detailed bids and showcase their value by presenting comprehensive sales plans, credentials, expertise, past performance, and additional services—along with the bid amount they’re offering to secure the listing for the traditional sales process. We champion agents by providing them with the tools they need to stand out, including the option to include specific terms in their bid, such as commissions on the sale of chattels, perks like staging, or even the opportunity to enter into a Buyer’s Representation Agreement with the seller as an add-on to their bid. This add-on makes sense in many cases, as sellers often become buyers after selling their home, creating an additional opportunity for agents to continue representing them in their next transaction.

For sellers, Hyyve offers a unique opportunity to find the best overall agent and sales strategy for their property. They gain access to a large pool of qualified agents, the ability to review detailed agent bids, and the assurance that agents are fully committed, as they have skin in the game by paying upfront to win the listing. Sellers also benefit from transparency, with access to information on agents’ regulatory standing, licensing status, past performance, and reviews. Unlike relying solely on referrals or neighborhood familiarity, sellers can evaluate agents based on objective criteria, such as whether the agent has an existing buyer interested in their area, a unique sales approach, or a large, well-resourced marketing team.

This competitive environment fosters better overall value for sellers—leading to stronger bids, better representation, and upfront cash (held in trust) that signals agents’ confidence in their ability to deliver results. Ultimately, Hyyve increases the seller’s chances of selling their home at the best possible price and with favorable terms.

Hyyve earns 30% of the winning agent’s bid. For example, if an agent bids $1,000, Hyyve takes $300. Importantly, both Hyyve and the home seller are only paid when the seller either completes their listing agreement obligations or when the property is sold. If the seller breaches the listing agreement—such as by failing to facilitate showings as required—the agent is refunded, ensuring that agents are protected against non-compliance by the seller. This structure ensures fairness for both parties and encourages all participants to follow through on their commitments.

Advantage For Realtors:

• Access to High-Quality Leads: Realtors bid on real, active upcoming listings instead of spending time and money on cold calls, ads, or other lead generation methods that typically have low conversion rates (often under 3%). With Hyyve, the conversion rate is near 100%—if the agent wins the bid, they secure the listing.
• Transparency and Fair Competition: Hyyve provides a level playing field where agents can showcase their value beyond just offering a low commission. They can present comprehensive sales strategies, expertise, and unique perks that differentiate them from other agents.
• Customizable Bids: Agents have the flexibility to craft tailored bids, offering more than just competitive rates. They can include specific services such as staging, commissions on chattels, or even entering into a Buyer’s Representation Agreement with the seller as part of their bid, knowing the seller may soon be in the market to purchase a new home. Additionally, some agents may already have a buyer actively searching for a home in the seller’s neighborhood. Highlighting this in their bid provides a compelling advantage and a faster path to a successful sale.
• Guaranteed Payment Protection: Since Hyyve holds the winning bid fee in trust, agents are assured that their bid funds are secured. Additionally, if the seller breaches the listing agreement (e.g., by not facilitating showings), agents are refunded, minimizing their financial risk.
• Reduced Marketing Costs: Instead of spending marketing dollars on speculative efforts like online ads or direct mail, agents can invest in targeted, high-probability listings through Hyyve. This results in a more efficient allocation of resources and potentially higher ROI.

Advantages For Sellers:

• Increased Agent Competition: Sellers benefit from an open marketplace where agents actively compete for their listing. This competition often results in better bids, improved service offerings, and additional perks (e.g., staging or enhanced marketing) that directly benefit the seller.
• Upfront Cash for Listings: The seller receives money upfront (held in trust) for granting the right to represent their property (less Hyyve's success fee). This is a novel way for homeowners to monetize their listing while ensuring agents are truly committed.
• Full Control Over Agent Selection: Sellers can evaluate multiple agents based on various criteria, such as past performance, licensing status, expertise, marketing plans, and even regulatory compliance. This allows sellers to make an informed decision rather than relying on referrals or familiarity.
• Better Representation and Results: Since agents have skin in the game, they are more motivated to provide excellent service and achieve the best possible sale outcome for the seller.

For Sellers:

Hyyve attracts a wide range of sellers, particularly those who are:

• Sellers Concerned About Real Estate Costs: Many sellers find the real estate process expensive and are looking for ways to offset costs. With Hyyve, sellers can monetize their listing by receiving upfront cash (held in trust) from the winning agent’s bid, which can be used to help contribute to various expenses. These could include closing costs, small renovations, legal fees, moving expenses, or even furnishing a new baby’s room in their next home. For sellers seeking financial relief during a costly process, Hyyve offers a unique opportunity to help contribute to those expenses.
• Sellers Seeking Maximum Value: Hyyve appeals to sellers who want to maximize their home sale by finding the best agent through competitive bidding. They’ll appreciate agents who offer additional services, such as staging, enhanced marketing, and custom incentives, while also providing upfront cash through the bid.
• Tech-Savvy and Younger Sellers: Younger or tech-savvy homeowners who are comfortable using online platforms to make informed data-driven decisions will appreciate Hyyve’s transparency, control, and competitive bidding environment. These sellers value convenience and want a clear comparison of agents’ offerings without relying solely on personal referrals.
• Sellers Without Established Networks: Sellers who don’t have a network of trusted referrals—such as first-time sellers or those moving to a new area—will benefit from Hyyve’s pool of pre-vetted agents and the ability to objectively evaluate multiple bids based on various criteria (experience, past performance, credentials, etc.).
• Skeptical of Traditional Agent Selection Methods: A referral doesn’t necessarily mean the referred agent is the best fit for the job. The best agent is the one who brings the most overall value—whether through a superior marketing strategy, specialized local knowledge, or creative incentives. Some sellers may be skeptical of choosing agents purely based on personal referrals or local reputation, as these don’t always reflect an agent’s ability to deliver optimal results. Hyyve offers a more transparent and data-driven approach, allowing sellers to make informed decisions based on measurable factors like past sales performance, licensing status, reviews, and even unique bid terms. This ensures that sellers can identify and select the agent who provides the greatest value for their specific situation.

For Realtors:

Hyyve attracts agents who are:

• Growth-Oriented and Hungry for New Opportunities: Realtors looking to scale their business and expand their client base will be drawn to Hyyve’s model, which allows them to secure listings by directly competing for opportunities. Agents who are confident in their value and sales process will see this as a chance to differentiate themselves and win listings without relying on speculative lead generation.
• Experienced Agents with Strong Value Propositions: Agents with a proven track record, unique sales strategies, or a well-established marketing team will be highly competitive on Hyyve. They can leverage their expertise by offering creative bids, additional perks, or specialized services to stand out from the competition.
• Agents Frustrated by Traditional Lead Generation: Realtors who are tired of spending significant time and money on ads, cold calls, and other forms of speculative marketing (which often have low conversion rates) will find Hyyve appealing. It provides a direct path to listings with high conversion potential—if they win the bid, they secure the listing.
• Newer Agents Seeking Fair Competition: New or mid-level agents who may not yet have an extensive referral network but are eager to compete based on the strength of their bid and service offering will see Hyyve as a fairer, more transparent way to win listings. By presenting well-thought-out sales plans and creative bids, they can directly compete with more established agents.

Based on our research in other countries, we expect bids on Hyyve listings to reach up to 0.65% of the home’s value. However, Hyyve does not interfere with or set any guidelines for bidding—agents are free to bid however they choose. It’s a completely open marketplace with no imposed bid expectations.

Agents who want to place bids must subscribe to Hyyve, and the subscription operates on a dynamic pricing model. On average, agents can expect to pay a few hundred dollars per month to be part of Hyyve. This dynamic pricing ensures a balanced marketplace—enough listings to attract agents but not so many agents that competition becomes oversaturated. The subscription cost fluctuates based on real-time market demand and supply. For example, joining in December, a slower season, would be less expensive than joining during the peak spring selling season. Additionally, because subscription costs are tied to market activity, agents can strategically join during periods of lower competition to maximize value and secure more listings at a lower upfront cost.

The model is designed to significantly improve an agent’s lead conversion rate, increase their listing volume, and bring their conversion rate close to 100%—if they win the bid, they secure the listing. It functions similarly to any other business model, where there’s a clear relationship between Cost of Goods Sold (in this case, the bid amount) and revenue (the commission earned from the sale). Since agents only pay for guaranteed leads, Hyyve offers a measurable ROI that far surpasses traditional lead generation methods like ads and cold calls, which typically have very low conversion rates. Traditional methods often rely on a “spray and pray” approach, whereas Hyyve provides targeted, high-probability opportunities.

Ultimately, Hyyve doesn’t increase costs overall—it reallocates existing marketing budgets from low-conversion activities into a more efficient, high-conversion platform. By increasing the number of listings that agents can secure and by providing a clear and measurable path to ROI, Hyyve helps agents grow their business with confidence. With more listings and better conversion rates, agents can boost their annual compensation significantly, making Hyyve a smarter, more profitable investment.

While we don’t typically label ourselves as "industry disruptors," Hyyve is certainly transforming how real estate transactions begin by introducing a more transparent, competitive, and value-driven approach to the agent-seller relationship. Traditional real estate relies heavily on personal networks, referrals, and speculative lead generation methods like ads and cold calls, which often yield low conversion rates and inconsistent outcomes. Hyyve reimagines this process by turning listings into a marketplace where agents bid for the right to represent sellers, offering sellers a clear, data-driven way to choose the best agent for their needs.

Rather than disrupting for the sake of change, our goal is to modernize the industry by creating a win-win for both agents and sellers. Sellers benefit from upfront cash (held in trust), better agent competition, and increased transparency, while agents gain access to high-conversion listings and a measurable path to ROI—eliminating the inefficiencies of traditional lead generation.

In that sense, while we may be seen as "disruptors" from the outside, our true mission is to innovate, improve outcomes, and create a more efficient real estate ecosystem that benefits all parties involved. Hyyve not only provides a transparent marketplace but also gives agents the opportunity to showcase their full value by presenting detailed sales plans, credentials, and unique services.

That’s a valid concern, but Hyyve is specifically designed to encourage sellers to consider overall value rather than just price. Our platform gives agents the opportunity to differentiate themselves by showcasing their experience, expertise, past performance, and the unique services they offer—things that go beyond simply bidding high or offering a low commission. Despite the homeowner receiving upfront money for their listing, the real financial goal is, of course, the successful sale of the home itself. Sellers are motivated to select the agent who can deliver the best overall outcome, including achieving the highest possible sale price and favorable terms, not just the highest bid.

Additionally, the seller is required to enter into a formal listing agreement that must be followed, including being a willing participant in the sale of the home. Sellers cannot simply take the Hyyve bid and walk away from the process. If they breach the listing agreement—such as by refusing to facilitate showings or otherwise hindering the sale—they forfeit their right to receive the Hyyve bid funds. This ensures sellers remain focused on the sale rather than just the upfront listing payment. In addition, sellers agree to Hyyve’s terms and conditions, which include a commitment to cooperating in the sales process. These safeguards prevent sellers from obstructing the sale and ensure that both parties—agent and seller—are fully aligned in their goal of successfully selling the property.

We believe that while price may initially catch a seller’s attention, it’s not the only factor they’ll use to make a decision. Sellers have access to comprehensive agent profiles, including credentials, reviews, sales history, and any regulatory issues. This allows them to make an informed decision based on measurable factors, such as whether the agent has a strong track record in the local market, provides added services like staging or marketing support, or offers creative terms that make them stand out.

Regarding agents bidding high to secure more listings, while it’s possible that some agents might place large bids to build their client list quickly, it’s important to note that agents must still deliver on their promises. Winning the bid doesn’t guarantee success—agents need to perform well to earn their commission and maintain a positive reputation. Additionally, since Hyyve holds agents accountable by showcasing past performance and reviews, agents who overbid but underperform will quickly lose credibility in future bidding rounds. We would recommend that very high listing bids be accompanied by a longer-term listing agreement to give the agent the best possible chance to complete the sale. However, a longer listing agreement may deter some sellers, who might instead favour a shorter-term agreement with a lower bid. This creates a natural balance where sellers weigh both the bid amount and the listing term, ensuring they choose an agent who provides the best overall value for their situation.

Ultimately, Hyyve fosters a competitive environment where price is just one component of the bid. The combination of transparent agent data, performance history, and added value ensures that sellers are more likely to choose agents who provide the best balance of price and expertise—not solely on bid amount. We expect that over time, the platform will naturally reward agents who offer the best overall service, creating a fair and balanced marketplace. Because Hyyve operates as an open and free market, it will find its own equilibrium, where bids reflect not just competition on price, but also the quality of service, creativity in sales strategies, and agents' confidence in their ability to deliver successful outcomes. This structure allows agents to showcase their full value, positioning themselves as trusted partners who can provide superior service and maximize results for sellers.

What happens if the home doesn’t sell?
If the home doesn’t sell, the homeowner keeps the bid amount only if they have fully honored their obligations under the listing agreement & Hyyve’s terms and conditions. The agreements include terms such as facilitating showings, cooperating with the agent, and making reasonable efforts to sell the property. If the seller breaches the listing agreement by failing to cooperate (e.g., refusing showings or not participating in the sales process), they forfeit the bid cash, and the agent is refunded. This ensures that sellers remain motivated to sell and committed to the process.

What if the seller wants to fire the agent who won the bid?
The seller cannot unilaterally terminate the agent without cause. Since both parties sign a legally binding listing agreement, termination would only occur under specific conditions, such as agent non-performance or a mutual agreement to end the contract. If the seller chooses to terminate without cause, they forfeit the right to get the bid cash, and it is refunded to the agent. Hyyve holds the bid amount in trust, making it easy to issue a refund to the agent if the seller breaches the agreement or unfairly terminates the relationship. This safeguard protects agents from sellers attempting to unfairly pocket the bid without following through on their obligations to sell the property.

How does Hyyve prevent repeated listings for cash grabs?
To prevent sellers from repeatedly listing their property just to collect bid amounts, Hyyve enforces strict terms and conditions and the listing agreement. Sellers must meet specific eligibility criteria, such as intent to sell, and compliance with all contractual obligations. Additionally, Hyyve monitors listing activity and patterns. If a seller repeatedly lists without genuine intent to sell, they can be barred from using the platform.

Furthermore, Hyyve provides transparency to agents by showing how many times the property has previously been listed. If the property has been listed multiple times without a successful sale, it serves as a signal to agents that the seller may be problematic, offering a clear “buyer beware” warning. This added layer of information helps agents make better-informed decisions before placing a bid.

This ensures that the marketplace remains fair and legitimate for both agents and sellers while protecting agents from potential bad actors.

Yes, once we have established how to achieve critical mass in the Toronto market—attracting both agents and sellers—we will expand using this proven rollout model, bringing Hyyve to cities across Canada. Beyond geographic expansion, we also have ambitious plans to broaden the scope of our marketplace. Our goal is to create a comprehensive ecosystem that includes all essential services related to home selling and buying, such as mortgages, insurance, movers, renovators, junk removers, and more. By integrating these services into the Hyyve platform, we aim to provide a one-stop shop for homeowners, streamlining the entire process, offering more competitive choices, and simplifying what is traditionally a less granular and fragmented process. In addition to sellers, buyers are now included in our model from two important perspectives, and this may evolve into directly including buyers in the Hyyve platform in the traditional real estate process. For now:

• A Hyyve bidding agent may request, as part of their bid to the seller, that the seller enters into a Buyer’s Representation Agreement, recognizing that sellers often become buyers after selling their home. This allows agents to maintain their relationship with the client beyond the sale and continue to provide value.
• Hyyve also acknowledges that sellers likely become buyers, which is where the integrated marketplace for services such as mortgages, insurance, and moving comes into play. By offering these services, Hyyve helps streamline not only the selling process but also the transition to the seller’s next home purchase.

Hyyve is uniquely positioned for this expansion because we engage with homeowners well before the traditional sales process begins, often up to six months before they list their home. This early interaction provides a critical advantage, allowing us to connect sellers with valuable services during the preparation stages of the sale and beyond. By doing so, we help sellers save money, make more money, and access a broad network of accredited professionals, ultimately making the home selling, buying, and moving experience more seamless, efficient, and rewarding.

No, only seller sees agent bids.

Agents set their bids independently—Hyyve remains hands-off. It’s an open marketplace where agents have complete freedom to design their bid structure and offerings, including setting the validity period for their Hyyve bid.

Agents set their bids independently—Hyyve remains hands-off, offering a free marketplace where agents create their own bid structures and offerings. The home seller and agent enter into a standard Form listing agreement based on the terms specified in the agent’s bid. Sellers have full control to accept or decline an agent’s bid for their listing. Agents can determine which terms in the Form will apply upon bid acceptance and may include any additional schedules.

Agents set their bids independently, with no interference from Hyyve. This open marketplace gives agents complete freedom to create their own bid structures and offerings. You have full control over selecting the terms from the listing agreement Form that will apply when a bid is awarded.

Applicable taxes will be charged as they fall under Goods & Services.

The agent bid amounts are prepaid when the bid is placed, and to ensure that the winning agent can immediately fund their bid fee, Hyyve performs a credit card authorization at the time of bidding. This process verifies that the agent has sufficient funds available, guaranteeing that if the agent wins, the bid fee is promptly funded into the Hyyve trust account. By securing the bid fee in advance through this authorization, Hyyve ensures that only serious and qualified agents participate, signaling to the homeowner that the winning agent’s commitment is backed by genuine, available funds.

The winning agent’s bid fee is then held in trust by Hyyve, while losing agents receive a refund of their bid amounts or have their credit card authorizations removed. This ensures that agents who do not win are not charged, maintaining fairness throughout the process. Conversely, the homeowner only receives the bid funds (less Hyyve’s 30% commission) after they fulfill their obligations under the listing agreement or when the home is sold. This end-to-end system fosters transparency, reduces financial risks, and ensures that all parties are fully committed to the transaction.

If a $1M listing ends up selling for $900K, the outcome will depend on the specific terms the agent included in their Hyyve bid. Agents have the flexibility to define conditions or discounts as part of their bid. For example, the agent may specify that if the final sale price falls below a certain threshold (like 10% under the original listing price), the bid fee could be reduced by a set percentage or amount.

If such a condition was included and agreed upon in the winning bid, Hyyve would adjust the bid fee accordingly and refund the agent the specified amount. If no specific conditions were outlined, the original bid fee remains as is. This flexibility allows agents to craft bids that reflect various market scenarios and protect themselves while still offering value to the seller.

This is an integral part of the sales process and/or bidding, with Hyyve maintaining a hands-off approach. In this open marketplace, agents have complete flexibility to craft their bid structures and offerings. For example, agents can include specific conditions in their Hyyve bid, stating that if those conditions are met, the listing bid will decrease by X%, and Hyyve will issue a refund of X to the agent accordingly.

If the seller does not fulfill their obligations under the standard Form listing agreement executed through Hyyve and the home remains unsold, the agent will receive a refund.

If the seller does not fulfill their obligations under the standard Form listing agreement made through Hyyve and the home remains unsold, the agent will receive a refund.

Agents set their bids independently—Hyyve doesn't interfere. It's an open marketplace where agents have full freedom to design their bid structure and offerings.

Agents set their bids independently—Hyyve doesn't interfere. It's an open marketplace where agents have full freedom to design their bid structure and offerings.

Agents set their bids independently, asking for a Buyer’s Representation Agreement as part of your bid is possible—Hyyve doesn't interfere. It's an open marketplace where agents have full freedom to design their bid structure and offerings.

Hyyve’s success fee comes exclusively from the funds agents agree to pay to secure the listing before the traditional sales process starts. Hyyve does not earn any revenue from the actual sales process, including the sale of chattels and fixtures. Agents can include their commission on chattels as part of their Hyyve bid.

Agents are eligible for a refund of their prepaid Hyyve bid only if the seller fails to comply with or breaches the standard Form listing agreement, such as by not facilitating showings. Agents have complete control over their bid terms, which can include specific conditions or discounts. For instance, if the home sells for 10% less than the agreed upfront listing price, the Hyyve bid may decrease by X—agents define these conditions.

With Hyyve, you’re effectively using your marketing dollars as you would with traditional methods like advertising or cold calls. However, unlike those methods, which typically have a conversion rate of less than 3%, Hyyve offers a near 100% conversion rate. This means you're paying for a hot lead that is almost guaranteed to result in a listing, maximizing your return on investment.