{"id":1517,"slug":"proptx-innovations-trreb-for-profit-subsidiary-realm","title":"PropTx Innovations Inc. — TRREB's wholly-owned for-profit/taxable MLS subsidiary; REALM front-end merges land-registry and MLS data; ~70,000 members","kind":"reference","scope":"business","status":"current","audiences":["kevin","candid-team"],"topics":["real-estate-mls","ontario-real-estate-market"],"reference_body":"**Claim.** PropTx Innovations Inc. is TRREB's wholly-owned, for-profit/taxable MLS & technology subsidiary. The front-end is REALM, a mobile-first MLP that merges land registry and MLS® data. TRREB self-describes as the largest real estate board in the world with ~70,000 members. Planning began in 2014 to generate non-dues revenue without jeopardising the non-profit status.\n\n**Source.** proptx.ca (promotional); storeys.com (planning history — SS), accessed 2026-06-21.\n\n**Confidence.** Verified for the structure and front-end; single-source for the 2014 planning history.\n\n**Caveats.** \"Largest real estate board in the world\" is TRREB self-marketing; verify against an independent MLS-size source before citing as fact. The for-profit subsidiary structure is consequential — see [[ontario-mls-data-divide-proptx-vs-itso]].\n\n**Implication / use.** The structural fact behind the \"data divide\" narrative. PropTx-as-for-profit-subsidiary is the antagonist in some practitioner sentiment in [[ontario-mls-data-divide-proptx-vs-itso]].","rationale_body":null,"metadata":null,"links":{"outgoing":[{"slug":"research-brief-mls-data-inside-the-box-ontario-june-2026","title":"Research notes (capture-layer): inside the MLS box — what an Ontario member agent's account exposes, what goes unused, and what they're licensed to do with it (June 2026)","kind":"research-notes","scope":"business","link_type":"depends-on"}],"incoming":[{"slug":"research-brief-mls-data-inside-the-box-ontario-june-2026","title":"Research notes (capture-layer): inside the MLS box — what an Ontario member agent's account exposes, what goes unused, and what they're licensed to do with it (June 2026)","kind":"research-notes","scope":"business","link_type":"relates-to"},{"slug":"caveats-mls-data-inside-the-box-untested-clauses-and-self-reported-metrics","title":"Caveats: MLS-data inside-the-box brief (June 2026) — untested clauses, self-reported metrics, contested copyright status","kind":"reference","scope":"business","link_type":"relates-to"},{"slug":"trreb-realm-listtrac-hoodq-skyslope-tools","title":"TRREB / PropTx REALM — bundles ListTrac listing analytics, HoodQ 450+ GTA neighbourhood guides, SkySlope forms","kind":"reference","scope":"business","link_type":"relates-to"},{"slug":"proptx-mls-rules-effective-dec-2-2024","title":"PropTx MLS Rules — operative version effective Dec 2 2024 (primary PDF)","kind":"reference","scope":"business","link_type":"relates-to"},{"slug":"ontario-mls-data-divide-proptx-vs-itso","title":"Ontario MLS data divide — PropTx (TRREB-led) vs ITSO holdouts; Cornerstone (Waterloo Region) on ITSO with Cotality; single-membership agents must search multiple boards; client-facing duplicate listings + double-counted stats","kind":"reference","scope":"business","link_type":"relates-to"}]},"created_at":"2026-06-21T10:45:32.935Z","updated_at":"2026-06-21T10:45:32.935Z"}