Industry NewsTechnology

New Jersey real estate broker goes paperless

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Last April, when real estate agent Carmelo "Mel" Oliveri found out New Jersey had changed a regulation to allow brokers to keep electronic records in place of paper ones, he put himself in gear. Two months after finding out about the change, he founded his own virtual and paperless brokerage, Paramus-based Property Hub Realtors.

"The technology is out there (for brokerages to become paperless). Unfortunately, it's underutilized in the real estate world. Everyone says that's the future of real estate, but the future is here," Oliveri said.

A middle-school teacher turned real estate investor, Oliveri started his career as a real estate agent in 2006 with Exit Realty, later moving to Coldwell Banker and then Re/Max. He had been at Re/Max Real Estate Limited in Oradell, N.J., for a...