General inquiries

Before you start using Propy, you need to verify both your email and phone number. If you have any issues with receiving the verification codes via email or phone, please contact us at support@propy.com.

In order to list a property, you need to make sure your account has been activated. Once the account has been confirmed, you need to log in and go to https://propy.com/list-property, or just click on “List Property” at the top right corner of the page. Please keep in mind that every listing needs to have a thorough description and relevant photos. According to our research and statistics, properties with more detailed descriptions and high quality photos attract more potential buyers.

Listing a property for sale comes with no upfront fees. All you need to do is sign up and activate your account, then you’ll be free to list as many properties as you’d like on Propy.

Blockchain is a distributed ledger technology that records and shares every transaction that occurs in the network.

Blockchain improves security throughout the transaction process; it can also secure the ownership records that are generated with every sale.

We create a blockchain entry for each document that has been uploaded and signed on our platform. However, it is only used for document validation and doesn’t contain any personal information.

Blockchain records add an additional layer of security for every document signed and stored on Propy. Thanks to this, you can be sure that no one else can access or change your documents.

Our platform uses an ERC-20 smart contract recording data on the public Ethereum blockchain. Every transaction can be checked on the default blockchain explorer – Etherscan.

Propy can work with any title company, as our adaptive system allows you to invite them to the transaction.

Currently, Propy is integrated with the MLS in large metropolitan areas such as: Bay Area.

There are two ways:
1st: Complete a transaction using Propy’s Transaction Platform.
2nd: Complete Propy’s Crypto Certified Agent™ 6-part webinar training (Add link to webpage or blog).

As a Crypto Certified Agent™, you will receive a badge on your Propy profile and all of your listings.

Transaction tool

Propy’s transaction tool is a blockchain-based solution that allows all stakeholders in a real estate transaction to collaborate online. Through this feature, our platform reduces the closing time and costs significantly, as it removes the need for all parties to be in the same physical location.
Since the platform is adaptive, all jurisdictions are supported and the signed documents are legally binding. You are essentially filling out and signing the same papers as you would have to in a regular real estate transaction.

While listing a property for sale is free of charge, if you would like to use our blockchain-based online transaction tool, the minimum fee is 0.2% of the sale price. In the cases where the buyer was found through our platform, we would like to share equally the seller’s broker commission. There is no fee for the buyer, other than a transaction fee paid in PRO tokens, based on the property’s price.

Yes, the online platform we provide can be utilized worldwide thanks to the fact that it is fully configurable. We can make changes to the transaction flow in order to justify both the requirements of the buyer and the seller, as well as the government regulations. To get more details, you can contact our support team for additional information at support@propy.com.

Our transaction platform allows for all of the parties involved in the deal to work together by uploading and signing all documents directly on Propy. Depending on the details, the sale template can be adjusted, so it’s up to you to decide how many parties you’d like to involve.

In order to start a transaction, you need to upload a listing on Propy first and have the buyer’s agent click on “Ready to purchase”. Then it will trigger a notification and let you start with the invitation step.

No, a transaction can be completed on Propy without the buyer and seller need to create an account. However, they can still participate and sign documents on the platform, as long as you request their signature during the document configuration step.

Yes, Propy’s platform supports international transactions and works worldwide. We have a dedicated Chinese version available within mainland China and we are also GDPR compliant for transaction with all EU countries.

Decentralized property registry

Propy’s blockchain-based land registry allows people to record the proof of ownership of their properties on a decentralized registry. Thanks to this feature, the document is securely backed up in an encrypted environment and is available 24/7 worldwide, in case the original is lost and/or destroyed.

All you need to do is to send us a scanned copy of your proof of ownership and make sure that you have at least 200 PRO tokens in your account balance. You can send the document to support@propy.com and let us know that you would like to have the deed backed up. We will notify you once it is done and provide you with the TxID, so you can check it out in our blockchain explorer.

While we are working towards that goal with several different governments, Propy’s registry is still not recognized as an official proof of ownership by all governments. So, while you can protect your documents, you can’t make changes to government records based on what’s recorded on Propy’s blockchain registry.

PRO Tokens

PRO tokens are the fuel for Propy’s transaction platform and are used to make sure that all documents are recorded on the blockchain. As a user, you can use them to either promote your property to the featured section or record a deed on blockchain.

PRO tokens are used to unlock the smart contracts.

PRO tokens are used to unlock smart contracts. You can also use them to promote your listings.

PRO tokens can be withdrawn after completing the first transaction with Propy.

Referral

When you create an account, you will be assigned a referral link. Click “My Profile” and then click “Referral Link”.

You have a referral link on your account dashboard. When you share this link with others and they create an account using that link, you will receive $100 USD in PRO tokens. The latter are directly added to your Propy account.

PRO tokens will be added to your account within 24hours from the time the referred individual creates an account.