RSP pushes the rea-estate market to become truly peer-to-peer. The transition from a centralized system to a decentralized one must be smooth to mitigate implementation risks. The integrity of the Protocol can allow two parties to make a deal without the intermediation of a third party, or to use a third party when necessary.
RSP Protocol eliminates third-party brokers, lawyers and banks by adding them to the network or assuming their functions such as listings, document flow and payments. Standard registration of the title of deeds with notarized documents could take up to 60 days. An RSP transaction can take less than 10 minutes.
RSP has the potential to greatly reduce transaction fees by eliminating third-party intermediaries and overhead costs for exchanging assets (up to 30% of property price). The RSP trading fee is 2% (a reduction of up to 15-fold compared to a traditional real estate transaction), which can be further reduced as the network grows.
Blocking false sale
If a real-estate agent deliberately enters information that is different from facts or information to attract customers or registers a non-existent bait sale, the sale is a false sale. The mutual monitoring system can be established between users who manage information by connecting with each other.
Ownership and transaction data is accessible to all peers on the network. It is stored in the distributed web and hashes are recorded to the blockchain. The distributed consensus is achieved via a proof-of-stake algorithm: buyers and sellers are empowered with control of their information and have more confidence in conducting transactions.
Attention. There is a risk that unverified members are not actually members of the team
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