Provided By: National Association of Realtors
WASHINGTON — Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo.
Despite a sluggish economy, commercial practitioners are not only
reporting improvements in the market, but they expect improvements to
continue in the years to come.
National Association of Realtors® Chief Economist Lawrence
Yun joined economists and research experts from leading real estate
firms during a panel discussion about the major forces shaping
commercial real estate markets. The panelists all voiced confidence that
commercial markets are well on the road to recovery.
“Commercial real estate closely follows the economy, usually with an 18 to 24 month lag time,” said Yun. “Realtors®
from across the country are reporting increases in sales transaction
volumes and income, which tells us that things are turning around. We
have not reached pre-recession levels, but the recovery is happening; we
are almost getting back to normal.”
While the first quarter of 2014 saw no growth in Gross Domestic
Product, Yun predicts it’s a temporary setback. “This was delayed
economic activity. What didn’t show up in the first quarter will show up
in the second quarter,” said Yun. However, with the economy improving,
consumers should expect to see interest rates rise. “The economic
monetary stimulus we are benefiting from now cannot continue forever, so
expect to see a long-term, steady rise in interest rates in the coming
years.”
Kevin J. Thorpe, chief economist for Cassidy Turley, expressed a
similar positive view of the market. “We are becoming increasingly
optimistic,” he said. “April was one of the strongest months for job
growth that we’ve seen since the recession, and sales volume is up 11
percent from last year. The data is telling us that this year should be
better than last year.”
The future of commercial real estate in the suburbs was a discussion
topic for the panelists. John Sikaitis, managing director for Local
Markets and Office Research for JLL, discussed the changing dynamics for
office space in the U.S.
“Companies are moving away from the traditional office park,” he
said. “In the next five to seven years, the large office buildings off
the highway will be obsolete. If a property does not have the urban
amenities preferred by young Millennials, including access to transit,
shopping, restaurants, etc., then it is not going to survive without
substantially reducing its rent.”
In line with a growing demand for urban amenities, companies are
beginning to focus on the quality of space over size. “Since the great
recession, large and small offices alike have changed the way they use
real estate,” said Sikaitis. “Businesses are averaging less space per
worker and beginning to focus on how their office space can contribute
to the health and well-being of their employees.”
Features such as air sanitation, circadian rhythm lighting and
layouts that promote movement and fitness are becoming commonplace in
many office spaces, he said. “Cost is no longer the deciding factor for
these tenants; employee retention and creating a healthy work life
balance are at the core of these decisions,” said Sikaitis.
For recaps of forums and the latest news from the conference, visit NAR’s Realtor® Party Live website pages, http://live.blogs.realtor.org/, and on Twitter, https://twitter.com/RPCTE.
The National Association of RealtorsÒ,
“The Voice for Real Estate,” is America’s largest trade association,
representing 1 million members involved in all aspects of the
residential and commercial real estate industries.
Wednesday, June 18, 2014
Wednesday, June 11, 2014
VA Officials Enlist Realtors® to Recruit Home Appraisers
Provided By: National Association of Realtors
WASHINGTON (May 16, 2014) – The Department of Veterans Affairs is taking steps to improve services for active and former military service members who are ready to buy a home, said officials from the VA Home Loan Guaranty program yesterday at an agency briefing for Realtors® during the Realtor® Party Convention & Trade Expo.
The VA Home Loan Guaranty program has guaranteed more than 20 million mortgages to American veterans, with a total loan volume of over one trillion dollars. Realtors® are strong supporters of this vital homeownership tool, which provides beneficiaries with a centralized, affordable and accessible method of purchasing homes.
“The VA would not be able to deliver the program to as many veterans without the help of Realtors®,” said Mark Connors, Air Force veteran and VA’s loan guaranty service lender liaison.
The agency is going through a massive transition to make its loan process more efficient for buyers and housing industry professionals, such as Realtors® and lenders. For example, an automated underwriting system is being evaluated to help make credit risk assessments more seamless.
“Once veterans sign a contract, the VA wants to get them in the home with the least amount of bumps in the road,” said Zaneta Jones, VA supervisory loan specialist.
Jones also talked about the agency’s new full file loan review system, which enables VA to cull and analyze data and identify systemic obstacles that should be reformed.
During the meeting, Realtors® expressed concerns that some of the VA loan requirements, such as pest inspections, disadvantage veterans because they may dissuade sellers from accepting offers that could potentially create additional fees, which cannot be paid by the homebuyer.
VA staff attorney Erica Lewis said the agency is studying the impact of the fees and may propose alternative regulations to amend the current structure. She also suggested that Realtors® request a waiver from the contracted property’s nearest VA field office to excuse the buyer from a particular fee restriction if the parties believe it is a local requirement.
“The requirements stem from the idea that the loans, and structure of the loans, need to meet the needs of the users; the regulations are very protective,” said Gerald Kifer, a veteran Marine and supervisory appraiser at the VA Central Office. “We want to see them happy. They deserve it. They’ve earned it.”
Kifer also discussed his goals to speed up the appraisal process. “VA is the only agency that is required by law to maintain a panel of appraisers and assign work on a rotational basis,” he said.
Now that demand for the program is increasing, the VA is looking to build up its pool of appraisers so that transactions won’t be held up over scheduling delays. Kifer challenged Realtors® to encourage good appraisers to apply to and join the VA panel.
The VA Home Loan Guaranty program is a unique loan product that enables service members and their spouses to buy a home with no money down and no mortgage insurance payments. It also includes financial assistance for home modifications or to tide over an individual or family during a rough patch.
A Realtor® at the briefing said it best: “If you take the actual cost of the house and compare all the available loan products – conventional, FHA and VA – VA always wins. Once you understand how VA works, you’d be crazy not to take it.”
For recaps of forums and the latest news from the conference, visit NAR’s Realtor® Party Live website pages, http://live.blogs.realtor.org/, and on Twitter, https://twitter.com/RPCTE.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
WASHINGTON (May 16, 2014) – The Department of Veterans Affairs is taking steps to improve services for active and former military service members who are ready to buy a home, said officials from the VA Home Loan Guaranty program yesterday at an agency briefing for Realtors® during the Realtor® Party Convention & Trade Expo.
The VA Home Loan Guaranty program has guaranteed more than 20 million mortgages to American veterans, with a total loan volume of over one trillion dollars. Realtors® are strong supporters of this vital homeownership tool, which provides beneficiaries with a centralized, affordable and accessible method of purchasing homes.
“The VA would not be able to deliver the program to as many veterans without the help of Realtors®,” said Mark Connors, Air Force veteran and VA’s loan guaranty service lender liaison.
The agency is going through a massive transition to make its loan process more efficient for buyers and housing industry professionals, such as Realtors® and lenders. For example, an automated underwriting system is being evaluated to help make credit risk assessments more seamless.
“Once veterans sign a contract, the VA wants to get them in the home with the least amount of bumps in the road,” said Zaneta Jones, VA supervisory loan specialist.
Jones also talked about the agency’s new full file loan review system, which enables VA to cull and analyze data and identify systemic obstacles that should be reformed.
During the meeting, Realtors® expressed concerns that some of the VA loan requirements, such as pest inspections, disadvantage veterans because they may dissuade sellers from accepting offers that could potentially create additional fees, which cannot be paid by the homebuyer.
VA staff attorney Erica Lewis said the agency is studying the impact of the fees and may propose alternative regulations to amend the current structure. She also suggested that Realtors® request a waiver from the contracted property’s nearest VA field office to excuse the buyer from a particular fee restriction if the parties believe it is a local requirement.
“The requirements stem from the idea that the loans, and structure of the loans, need to meet the needs of the users; the regulations are very protective,” said Gerald Kifer, a veteran Marine and supervisory appraiser at the VA Central Office. “We want to see them happy. They deserve it. They’ve earned it.”
Kifer also discussed his goals to speed up the appraisal process. “VA is the only agency that is required by law to maintain a panel of appraisers and assign work on a rotational basis,” he said.
Now that demand for the program is increasing, the VA is looking to build up its pool of appraisers so that transactions won’t be held up over scheduling delays. Kifer challenged Realtors® to encourage good appraisers to apply to and join the VA panel.
The VA Home Loan Guaranty program is a unique loan product that enables service members and their spouses to buy a home with no money down and no mortgage insurance payments. It also includes financial assistance for home modifications or to tide over an individual or family during a rough patch.
A Realtor® at the briefing said it best: “If you take the actual cost of the house and compare all the available loan products – conventional, FHA and VA – VA always wins. Once you understand how VA works, you’d be crazy not to take it.”
For recaps of forums and the latest news from the conference, visit NAR’s Realtor® Party Live website pages, http://live.blogs.realtor.org/, and on Twitter, https://twitter.com/RPCTE.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
Wednesday, June 4, 2014
NAR Member Survey Shows Rise in Realtor® Income and Sales Volume
Provided By: National Association of Realtors
WASHINGTON — Reflecting the 11.5 percent growth in home prices last year, income and sales volume jumped for the third year in a row, according to the 2014 National Association of Realtors® Member Profile. The survey also found an increase in new and younger members to NAR in 2013.
The survey's results are representative of the nation's Realtors®; members of NAR account for about half of the approximately 2 million active real estate licensees in the U.S.* Many non-member licensees are inactive or part time. Realtors® go beyond state licensing requirements by subscribing to NAR's Code of Ethics and Standards of Practice and committing to continuing education. NAR members also have access to professional resources to better serve their clients' needs.
Lawrence Yun , NAR chief economist, said recovery in the housing market since the downturn continues to improve the earnings of real estate professionals. "Fueled mostly by rising home sales and prices, the median gross income of a Realtor® increased to $47,700 in 2013 from $43,500 in 2012, marking a 9.6 percent rise and a sharp gain from $34,900 in 2011," he said. "Although the median number of transactions or commercial deals remained unchanged from last year at 12, this marked a continued return to pre-recession levels after bottoming out at seven transactions in 2008 and 2009."
There are two sides to every real estate transaction — one each for the seller and the buyer. As expected, median gross income and number of transactions generally increases with experience. Last year, NAR members in business for more than 16 years earned $70,200 and made 15 transactions. On the contrary, those with three-to-five years earned less than half that amount ($30,100) and had 10 transactions. Incomes also varied by license type, as members licensed as brokers earned $66,300 in 2013, while the median earnings for sales agents increased $1,000 from the previous year to $35,000.
Last year also brought an influx of new and younger members to NAR. Years of experience in real estate decreased to 12 years from 13 years in 2012; the typical tenure at a firm decreased to six years from seven years; and the age of members decreased to 56 years from 57 years. Three percent of all Realtors ® are under 30 years of age, 16 percent are between ages 30 and 44, and 24 percent are 65 and older.
"Realtors® bring value to buyers and sellers, help build communities, and encourage responsible homeownership behaviors," said NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio. "The fact that the number of members with one year or less of experience rose to 9 percent in 2013 from 5 percent the year before shows that those agents getting into the field are attracted to the many benefits and business opportunities that come with being a Realtor®."
The typical NAR member works 40 hours per week. Women represent 57 percent of all members, accounting for 53 percent of brokers and 62 percent of sales agents. More than three-quarters of all Realtors® cite real estate as their only occupation, and 82 percent (up two percent from last year) are certain they will remain in the business for at least two more years. This share is higher than the previous two years, indicating the optimism that's seen in today's market.
Most members — 57 percent — are licensed as sales agents; 26 percent are brokers, 17 percent broker associates and 3 percent appraisers (some hold more than one license). Thirteen percent of members have one personal assistant, while 3 percent have two or more personal assistants.
Several factors limit potential clients in completing transactions. Members said finding the right property was the biggest challenge (33 percent) followed by obtaining a mortgage (25 percent).
"The survey indicates that inventory shortages, overly restrictive mortgage lending standards and the rise in home prices and interest rates last year had an impact on Realtors®' ability to help their client find the right property," said Yun.
Similar to 2012, eight out of 10 NAR members focus on residential sales and 73 percent have secondary real estate real estate specialties. Of those members with secondary specialties, residential brokerage is the largest at 35 percent. Both residential property management and relocation were next at 17 percent, followed by commercial brokerage at 16 percent. Smaller percentages were also in counseling, land development, auctions and commercial appraisal.
Realtors® continue to rely on repeat business and referrals. Repeat business accounted for a median 21 percent of activity in 2013 and is higher for those with more experience. For members in the business 16 years or more, repeat business was 42 percent of their activity. Referrals accounted for an additional 21 percent of all business.
NAR members understand the importance of a web presence and communicating with their clients through several channels. More than two-thirds have a personal website — operational for a median of eight years — and 91 percent report their firm has an online presence. Sixty-one percent of the respondents use social or professional networking sites — an increase of 5 percent from 2012 — and 12 percent have a blog. Realtors®use a variety of communications methods when interacting with current clients or customers, with 94 percent preferring e-mail, followed by telephone at 90 percent and text messaging at 80 percent.
Compensation structures for Realtors® and firm affiliation remained mostly the same from 2012. Sixty-eight percent of respondents are compensated through a split commission arrangement, 17 percent receive all of the commission and another 4 percent receive a commission plus a share of profits; 11 percent received some other form of compensation. Eighty-two percent of members work as independent contractors for their firms. The vast majority of Realtors®receive no fringe benefits, although 33 percent are covered by errors and omissions insurance. Only 5 percent receive health insurance through their firm.
NAR members are well-educated (50 percent hold a bachelor's degree or higher), own a home (86 percent), invest in at least one residential investment property (39 percent), and bring a wide range of expertise, skills and experience to the profession. Only 6 percent began their career in real estate, with the majority having previous full-time careers in management, business or financial (19 percent) or sales and retail (15 percent). Forty-one percent of those fluent in other languages speak Spanish and 96 percent are registered to vote.
Respondents worked for a firm typically with one office and had been with that firm for six years. Fifty-seven percent of members are affiliated with an independent firm, and 38 percent are with a franchised company; 5 percent are other. Nine percent of Realtors®report their firm was bought by or merged with another firm during the past two years, down for the second consecutive year and from 11 percent in the 2012 study.
The 2014 National Association of Realtors® Member Profile is based on a survey of 95,340 members, which generated 6,462 usable responses, representing an adjusted response rate of 6.8 percent. Survey responses were weighted to be representative of state-level NAR membership. Income and transaction data are for 2013, while other data represent member characteristics in early 2014. The study can be ordered by calling 800-874-6500, or online at www.realtor.org/prodser.nsf/Research. The profile costs $14.95 for NAR members and $149.95 for nonmembers.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
WASHINGTON — Reflecting the 11.5 percent growth in home prices last year, income and sales volume jumped for the third year in a row, according to the 2014 National Association of Realtors® Member Profile. The survey also found an increase in new and younger members to NAR in 2013.
The survey's results are representative of the nation's Realtors®; members of NAR account for about half of the approximately 2 million active real estate licensees in the U.S.* Many non-member licensees are inactive or part time. Realtors® go beyond state licensing requirements by subscribing to NAR's Code of Ethics and Standards of Practice and committing to continuing education. NAR members also have access to professional resources to better serve their clients' needs.
Lawrence Yun , NAR chief economist, said recovery in the housing market since the downturn continues to improve the earnings of real estate professionals. "Fueled mostly by rising home sales and prices, the median gross income of a Realtor® increased to $47,700 in 2013 from $43,500 in 2012, marking a 9.6 percent rise and a sharp gain from $34,900 in 2011," he said. "Although the median number of transactions or commercial deals remained unchanged from last year at 12, this marked a continued return to pre-recession levels after bottoming out at seven transactions in 2008 and 2009."
There are two sides to every real estate transaction — one each for the seller and the buyer. As expected, median gross income and number of transactions generally increases with experience. Last year, NAR members in business for more than 16 years earned $70,200 and made 15 transactions. On the contrary, those with three-to-five years earned less than half that amount ($30,100) and had 10 transactions. Incomes also varied by license type, as members licensed as brokers earned $66,300 in 2013, while the median earnings for sales agents increased $1,000 from the previous year to $35,000.
Last year also brought an influx of new and younger members to NAR. Years of experience in real estate decreased to 12 years from 13 years in 2012; the typical tenure at a firm decreased to six years from seven years; and the age of members decreased to 56 years from 57 years. Three percent of all Realtors ® are under 30 years of age, 16 percent are between ages 30 and 44, and 24 percent are 65 and older.
"Realtors® bring value to buyers and sellers, help build communities, and encourage responsible homeownership behaviors," said NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio. "The fact that the number of members with one year or less of experience rose to 9 percent in 2013 from 5 percent the year before shows that those agents getting into the field are attracted to the many benefits and business opportunities that come with being a Realtor®."
The typical NAR member works 40 hours per week. Women represent 57 percent of all members, accounting for 53 percent of brokers and 62 percent of sales agents. More than three-quarters of all Realtors® cite real estate as their only occupation, and 82 percent (up two percent from last year) are certain they will remain in the business for at least two more years. This share is higher than the previous two years, indicating the optimism that's seen in today's market.
Most members — 57 percent — are licensed as sales agents; 26 percent are brokers, 17 percent broker associates and 3 percent appraisers (some hold more than one license). Thirteen percent of members have one personal assistant, while 3 percent have two or more personal assistants.
Several factors limit potential clients in completing transactions. Members said finding the right property was the biggest challenge (33 percent) followed by obtaining a mortgage (25 percent).
"The survey indicates that inventory shortages, overly restrictive mortgage lending standards and the rise in home prices and interest rates last year had an impact on Realtors®' ability to help their client find the right property," said Yun.
Similar to 2012, eight out of 10 NAR members focus on residential sales and 73 percent have secondary real estate real estate specialties. Of those members with secondary specialties, residential brokerage is the largest at 35 percent. Both residential property management and relocation were next at 17 percent, followed by commercial brokerage at 16 percent. Smaller percentages were also in counseling, land development, auctions and commercial appraisal.
Realtors® continue to rely on repeat business and referrals. Repeat business accounted for a median 21 percent of activity in 2013 and is higher for those with more experience. For members in the business 16 years or more, repeat business was 42 percent of their activity. Referrals accounted for an additional 21 percent of all business.
NAR members understand the importance of a web presence and communicating with their clients through several channels. More than two-thirds have a personal website — operational for a median of eight years — and 91 percent report their firm has an online presence. Sixty-one percent of the respondents use social or professional networking sites — an increase of 5 percent from 2012 — and 12 percent have a blog. Realtors®use a variety of communications methods when interacting with current clients or customers, with 94 percent preferring e-mail, followed by telephone at 90 percent and text messaging at 80 percent.
Compensation structures for Realtors® and firm affiliation remained mostly the same from 2012. Sixty-eight percent of respondents are compensated through a split commission arrangement, 17 percent receive all of the commission and another 4 percent receive a commission plus a share of profits; 11 percent received some other form of compensation. Eighty-two percent of members work as independent contractors for their firms. The vast majority of Realtors®receive no fringe benefits, although 33 percent are covered by errors and omissions insurance. Only 5 percent receive health insurance through their firm.
NAR members are well-educated (50 percent hold a bachelor's degree or higher), own a home (86 percent), invest in at least one residential investment property (39 percent), and bring a wide range of expertise, skills and experience to the profession. Only 6 percent began their career in real estate, with the majority having previous full-time careers in management, business or financial (19 percent) or sales and retail (15 percent). Forty-one percent of those fluent in other languages speak Spanish and 96 percent are registered to vote.
Respondents worked for a firm typically with one office and had been with that firm for six years. Fifty-seven percent of members are affiliated with an independent firm, and 38 percent are with a franchised company; 5 percent are other. Nine percent of Realtors®report their firm was bought by or merged with another firm during the past two years, down for the second consecutive year and from 11 percent in the 2012 study.
The 2014 National Association of Realtors® Member Profile is based on a survey of 95,340 members, which generated 6,462 usable responses, representing an adjusted response rate of 6.8 percent. Survey responses were weighted to be representative of state-level NAR membership. Income and transaction data are for 2013, while other data represent member characteristics in early 2014. The study can be ordered by calling 800-874-6500, or online at www.realtor.org/prodser.nsf/Research. The profile costs $14.95 for NAR members and $149.95 for nonmembers.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
Friday, May 30, 2014
Realtors® Back HUD and OMB Nominees Julian Castro and Shaun Donovan
Provided By: National Association of Realtors
WASHINGTON (May 27, 2014) – The following is a statement by National Association of Realtors® President Steve Brown:
"The National Association of Realtors® applauds the administration for nominating San Antonio Mayor Julian Castro to serve as the next secretary for the Department of Housing and Urban Development, which includes the Federal Housing Administration, and for nominating current HUD Secretary Shaun Donovan to serve as the director of the Office of Management and Budget.
"We are encouraged by Mayor Castro’s work in San Antonio to revitalize the downtown area and promote homeownership in the city center. His vision for strong communities and affordable housing is the right fit for HUD, which has helped make the dream of homeownership a reality for millions of Americans.
"NAR has greatly valued its relationship with Secretary Donovan and his team during his tenure at HUD. We will continue to engage with the agency to ensure the homebuying process is fair and free from discrimination, and that FHA loans are safe and affordable to qualified buyers.
"We look forward to working with Mayor Castro and Secretary Donovan upon their confirmations."
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
WASHINGTON (May 27, 2014) – The following is a statement by National Association of Realtors® President Steve Brown:
"The National Association of Realtors® applauds the administration for nominating San Antonio Mayor Julian Castro to serve as the next secretary for the Department of Housing and Urban Development, which includes the Federal Housing Administration, and for nominating current HUD Secretary Shaun Donovan to serve as the director of the Office of Management and Budget.
"We are encouraged by Mayor Castro’s work in San Antonio to revitalize the downtown area and promote homeownership in the city center. His vision for strong communities and affordable housing is the right fit for HUD, which has helped make the dream of homeownership a reality for millions of Americans.
"NAR has greatly valued its relationship with Secretary Donovan and his team during his tenure at HUD. We will continue to engage with the agency to ensure the homebuying process is fair and free from discrimination, and that FHA loans are safe and affordable to qualified buyers.
"We look forward to working with Mayor Castro and Secretary Donovan upon their confirmations."
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
Wednesday, May 28, 2014
SentriLock
Provided By: National Association of Realtors
SentriLock's REALTOR® NXT Electronic Lockbox System is a
reliable and secure technology providing outstanding customer service that's
rated tops in the industry.
BREAKING NEWS: SentriLock announces production of the
One Millionth lockbox. From SentriLock: Thank You to all our customers who have
made this production possible. We couldn't have done it without all of you. Now
on to the next million!
SentriLock works every day to serve the true needs of
REALTORS®—offering you secure, easy, and reportable access to every listing you
manage.
The
SentriLock System currently has more than 750,000 lockboxes in use by 290,000
agents from over 270 different boards, associations, and MLSs in the United
States and Canada. SentriLock's award-winning customer care team provides
world-class support seven days a week, exclusively from their facility in
Cincinnati, Ohio.
According to analysis by Second Century Ventures, SentriLock
in the market has saved the industry close to $100 million over the past ten
years by controlling costs for this technology, while at the same time
SentriLock has made a positive impact on actual real estate opportunities by
making it easier to show properties, solicit feedback, and sell
properties.
Features Offered
The REALTOR® Lockbox NXT is made of heat-treated alloy steel
for maximum physical security. It has the highest number of
quality-certifications in the industry, including Underwriters Laboratories,
Industry Canada, LPS (Loss Prevention Services) and ROHS (Reduction of
Hazardous Substances). It features an extra large key compartment, illuminated
integral keypad, user-replaceable battery, and many unique software-based
features as follows:
- SentriSmart® mobile app for PIN-based access via iPhone and Android smartphones and tablets.
- SentriCard® smart cards for convenient, reliable, PIN-based lockbox access.
- One-day codes for non-cardholders, such as home inspectors, appraisers, home stagers, maintenance workers, and out of area agents. SentriLock’s universal one day codes are arguably our most significant differentiating software feature compared to other lockbox systems.
- Homeowner-activated "Do Not Disturb" feature
- Web-based access logs and reports
- User-programmable access times
- Instant showing notifications
SentriSmart®,
SentriLock’s mobile application, is designed for convenience and speed by
utilizing the capabilities of your smartphone. Using GPS and the geo location
data of the listing, SentriSmart® is able to find the listings in your
immediate area, verify your identity using a PIN based security measure, and
then create an access code for the lockbox. The listing agent is then
immediately notified of the access and can begin scheduling their follow up.
A More Powerful SentriCard®
In addition to
lockbox access and administration, REALTORS® can use the SentriCard® to track
open house attendance, automatically solicit feedback for open houses, and
collect a list of attendees, at no additional cost, through the SentriLock
Event Tracker application. Call SentriLock's Customer Support to learn more
about how you can add these additional features to your SentriCard®.
Learn How SentriLock Works
The SentriLock lockbox is easy to use – take a self-guided tutorial to learn about all the benefits this
system offers. Once there, click the “Introduction” tab to view a brief,
informative video about the SentriLock system.
Demo
the REALTOR® Lockbox NXT System on your screen right now. Learn how our
system supports the day-to-day needs of your members more cost-effectively than
competing systems offer, and with greater ease of use and reliability.
See a comparison matrix of SentriLock’s REALTOR® Lockbox
NXT System versus another lockbox company's product and service. The matrix
provides a comprehensive comparison of general information right down to system
specifics.
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