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NTREIS Transactions News- August Issue Volume 2, Issue 2
 ⇒ New Technology Trends in Real Estate
 ⇒ Every Broker/Agent Should Look For...
 ⇒ NTREIS Transactions Offers Featured Tools & More


New Technology Trends in Real Estate

There have been several real estate consultants looking for new trends and helping brokers attract quality agents for the next big push in the real estate market.  Below are excerpts of an article published from the Kansas REALTOR that covers what every broker/agent should be looking for in their office.  Obviously, some of the article covered issues such as; lead generation, commission, and what is a model “agent support package”.  Not surprising though, the complete package for any progressive real estate office includes embracing technology as a “tool” to increase productivity and monitor the sales process. 

 

At NTREIS, our goal is to offer as many of these tools to you, our members, as possible.  Here is yet another reason to encourage your office to begin the online document storage, and transaction management that is available in NTREIS Transactions.

 

Every Broker/Agent Should Look For...

As published in Kansas REALTOR:

“Over the past year RECON Intelligence Services devoted considerable effort to monitoring, tracking and profiling the new class of X’er generation agents now entering the industry in record numbers. …."

 

"Research this past year shows that many of our new practitioners are transitioning from strong, supportive corporate environments.  This background enables them to take a “big picture” approach to both compensation and support…."

 

"X’er agents have little interest in remaining “newbies”.  They are more focused on learning fast and working smart.  Thus, their training should start at the “intermediate” level and proceed as quickly as possible to “expert”.  The traditional industry focus on training geared to know-nothing beginners and bringing them along slowly should be reduced…."

 

Brokerage technology:

  • Many new agents are coming from technology environments many times more sophisticated than those offered by today’s brokerages.
  • Technology training should emphasize describing and demonstrating the company’s system in terms of how it can enhance performance and productivity rather than access and ease of use. 

Transaction Management Service: (Should have)

  • Listing management system
  • File Maintenance
  • Transaction management
  • Closing coordination 

While the New Year offers exciting possibilities for expanded and enlightened agent/brokerage support relationships, the fact remains that uncontrolled expenses based on outmoded management practices and corporate philosophies will continue to be the enemy of profitability.”

 

Written by Jeremy Conaway

President, RECON Intelligence Services

 

NTREIS Transactions Offers Featured Tools & More

The services recommended in this article can be found in NTREIS Transactions! 

 

Using the online document storage enables the broker to review (any time, any place) those documents, contracts and the progression of any of their agent’s transactions.  The broker has the ability to create an “office document” to do list that will include each document that your office needs in order to complete a successful transaction.  When the broker creates the to do list that an agent uses, an automatic “empty container” is created for that document. It then generates automatic cover sheets for each document with an email sent to the person responsible for the information.  The system has the ability to notify the broker or the office administrator via email every time one of their agents posts a document.  The broker may also create a report weekly or monthly for file management. 

 

These tools are available right now (for no additional fee)- through your membership with NTREIS.  For more information or Quick Reference Guides go to our website…www.ntreis.net the NTREIS Transaction page.. http://www.ntreis.net/technical/transactions.asp

 

**Would you like NTREIS Transactions training information? Contact your MLS Provider today!**
If you have any questions regarding the contents herein, please contact your MLS Provider.
Comments? Suggestions? Testimonials? Email your feedback to uneeta@ntreis.net
©2008 North Texas Real Estate Information Systems, Inc.

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