Industry News

Realtor board adopts Smart Card technology

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The Long Island Board of Realtors has issued identification cards embedded with "Smart Card" technology to all of its members for use with a National Association of Realtors-sponsored lockbox technology. The board uses lockboxes manufactured by SentriLock LLC, a company that is majority-owned by the Realtor association, and the SentriCards serve as photo identification and a secure electronic "key" to open lockboxes placed on for-sale homes. About 100 Realtor associations, which represent about 105,000 agents, are signed up to use Sentrilock's Realtor Lockbox system. The Long Island Board has about 28,000 members. The SentriCards are credit-card-sized and contain an embedded chip with security data for the lockbox system. The chip is immune to magnetic fields and is built with "tamper detection logic and circuitry" and use encryption technology to guard against copying and alteration, according to an announcement by the National Association of Realtors. "These secure photo ID cards wi...