Good question. There is a single PropToken smart contract for each property, and a Certified Partner company may hold more than one property under its name.
Let's take INBA as an example of Certified Partner. INBA spots a deal on the local market and Blocksquare enables them to sell it through a PropToken Generation Event (PTGE) rather then a traditional sale, where they would need to match it with one interested buyer. After the PTGE is successful completed, Blocksquare issues a loan to INBA, the property title is transferred to INBA's name, with Blocksquare securing the loan with a mortgage and aditional legal agreements ensuring the title remains secure and protects the end user – PropToken holder.
INBA's incentive is to create and scale its business attracting new clients, earning trust by showing their expertise in finding good real estate investment deals on local markets, Blocksquare's incentive is to be a trustworthy and recognized brand, giving peace of mind to real estate investors.
The title structure in the eyes of authorities is therefore very traditional, but Blocksquare as a system provides users the possibility to own just a portion of the property and earn generated rent based on that %, something currently not possible. They may also freely transact these shares on our decentralized exchange, so real estate investments through PropTokens have higher liquidity potential.