Industry NewsTechnology

Realtors test new real estate transaction system

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Building upon the electronic real estate forms technology now used by about 180,000 Realtors across the country, a new transaction management system is in its early launch phase. The pioneer users of this system, developed with the support of the National Association of Realtors and the California Association of Realtors, include a national group of individual Realtors, brokerages, Realtor associations and multiple listing services. Real Estate Business Technologies LLC, a subsidiary of the California Association of Realtors, built the new platform, which is closely integrated with ZipForm and WINForms electronic real estate documents. The national association invested $1.2 million in the effort. The initial user group for the new system was formed in October, said Joshua D.J. Sharfman, chief technical officer for the California Association of Realtors. "We have invited a group of real estate practitioners – members who are interested in influencing the specific design and ...