By Sohini Bhattacharya The real estate industry has been ripe for change for the past few decades. While virtually every other industry has seen sweeping impacts of technological determinism, Canadian real estate has been slow on the uptake, says William C. Strange, professor of economic analysis and policy at the Rotman School of Management. McGee has three patents to prove it. Agents with verified licenses and brokerage affiliations can sign up to Nobul as easily as creating a profile on any online app. There are no upfront costs, hidden fees or subscriptions required to gain immediate access to active buyers and sellers. They then compete and bid down on offers by listing the services they commit to provide to the buyer or seller. To facilitate transparency, the app also lists services that agents will not be providing. Nobul charges a basis point 0. However, the referral fee is charged only if an agent closes the deal.

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