Industry NewsTechnology

Technology driving streamlined realty deals

Transaction management system adoption speeds up
Published on May 6, 2004

Karen Drebes knows the ins and outs of real estate transactions and their complexities. She juggles about 30 transactions on any given day from her Scottsdale, Ariz., office. Drebes is a virtual assistant to seven real estate agents in different states, most of whom she's never met in person. She manages their deals from listing contract to closing using Web-based transaction management systems, which coordinate each piece of the transaction and enable the realty agent, broker, lender, home buyer or seller and individual vendors to communicate and view documents online at any time. Adoption of online transaction management has increased significantly over the last year, according to vendors. More brokers and agents have realized the time and cost savings these systems provide enable them to close more sales and maintain a competitive edge. Since Drebes handles all the back-end transaction tasks, agents have more time to concentrate on buyers and sellers. "I sit in front of the compute...

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