Industry NewsTechnology

Real estate’s paperless present

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When a prospective buyer emerged for his client's condo in northern Kentucky, the first problem real estate agent Mike Dunn faced was tracking him down in the Australian Outback. The next problem: How to get the deal done? Timing was critical -- his client was also buying another unit in the same complex, so his client's purchase was contingent on the sale of his existing unit. The seller of the unit his client wanted to purchase happened to be in rural Michigan -- not quite as remote as the Outback, but definitely not local. So Dunn, a senior sales executive for Huff Realty markets, went paperless. Dunn, 53, was among a group of agents at his real estate firm who had received training on an online transaction platform built by Cincinnati-based DotLoop. While he considers himself more tech-savvy than some agents, he said he is by no means a tech expert. DotLoop provides an online platform for preparing, sharing and signing documents with various parties in a real estate tran...