Too many people
in the middle.
We built CLOSR because the traditional real estate transaction carries too much friction and too many unnecessary intermediaries — and Alberta’s own market infrastructure already supports doing it differently.
A home sale has a few decisions that need a professional — and a lot of coordination that doesn’t.
Drafting a listing, matching a buyer, tracking an offer, and keeping a record of who agreed to what: none of that requires a license, and none of it should cost a percentage of someone’s home. Title transfer, deposit funds and legal advice do require a license — so we didn’t try to remove them. We built software for the first category and partnered with a licensed brokerage for the second.
CLOSR keeps the equity Albertans have built. Not by taking a shortcut around regulation, but by only asking a licensed professional to do the parts that actually require one.
The arrangement, in full.
Paladin Realty Brokerage Ltd.
RECA BR‑0042891. Supplies the regulated MLS data stream and advises CLOSR on compliance. They do not list, negotiate or close anything, and are never a party to a deal made on CLOSR.
Technology platform, not an agent
CLOSR builds and operates the software: listings, matching, offers, e-sign and the transaction record. It never acts as an agent and gives no real estate advice.
Software isn’t “trading in real estate”
Drafting a listing, matching a buyer and tracking an offer are administrative functions, not the licensed activity RECA regulates. Where a question needs licensed judgment, Paladin advises — strictly as a compliance resource.
Deposit, title and closing
Each party’s own lawyer, chosen by them and not CLOSR, handles deposit funds, title transfer and closing independently.
Verification before contact
Buyers verify ID and mortgage pre-approval before they can message a seller or submit an offer. Sellers see that status before any name is exchanged.
Electronic signature
Accepted offers are signed electronically, binding under Alberta’s Electronic Transactions Act.
One append-only transaction record
Every listing, match, offer and condition lives in a single record. Added to, never quietly edited after the fact.
Never held by CLOSR or Paladin
Deposit funds are held by each party’s own lawyer. CLOSR and Paladin are not involved in handling client money at any point.
Who is building it.
Shehryar
Strategy, go-to-market, and the daily work of getting CLOSR built and live in Calgary.
Ahmed Iqbal
Builds and owns the full CLOSR platform, end to end.
Calvin Hughes, Paladin Realty
RECA BR‑0042891. Regulatory and compliance advisor to CLOSR, not a party to any transaction.
The ones people actually ask.
Yes. Software that drafts listings, matches buyers and tracks offers isn’t “trading in real estate,” so it doesn’t require a brokerage. Paladin Realty Brokerage Ltd. (RECA BR‑0042891) supplies the MLS data stream and advises on compliance, but isn’t a party to any transaction.
CLOSR is free for buyers and sellers. Revenue comes from professional access fees: mortgage brokers, inspectors and lawyers who use the platform pay for that access — not a commission on your sale.
It builds and operates the software layer of a real estate transaction, all in one record: listings, buyer verification, messaging, offers, conditions and e-signing.
Nothing changes about how CLOSR works. The transaction still runs through the same platform and record; any commission for their realtor is between them and the party who brought that realtor in.
CLOSR operates in Alberta, Canada. It is currently live in Calgary and expanding across the province.
Built in Calgary, for Alberta.
Questions about the arrangement? We will answer them plainly.