Industry News

Real estate technology co. plans transaction management platform

National Association of Realtors to invest $1.2 million in project

Real Estate Business Technologies (REBT) today announced that it is developing a Realtor-centric transaction management platform for both the real estate industry and other related service providers in the marketplace, and that the National Association of Realtors has agreed to invest $1.2 million in the company in exchange for an equity interest in the venture. The REBT platform will facilitate interactive collaboration between consumers and their Realtors, with each party receiving an electronic copy of the appropriate documents when the real estate transaction is complete. The platform also will have the ability to track document content as well as create and deliver the transaction's document history and then archive the documents electronically at the transaction's close. REBT's transaction management platform will support contact, task and workflow management, and will allow users to delegate tasks to assistants or transaction facilitators. "REBT is capable of successfully d...