The COVID-19 pandemic accelerated the need for a fully digital real estate transaction. Agents who already were using Transaction Management software to digitally process their transactions from beginning to end benefited immediately. Agents who had not yet gone paperless and depended on manual processes likely found the transition to working from home and social distancing much more challenging.
But it is the broker-owner who may have fared best from having a digital transaction management solution in place. Having agents working from different locations with paper-based transactions can be a nightmare to manage without a digital process in place. It also could open a Pandora’s box filled with compliance issues.
Brokers can protect their businesses by using Form Simplicity, a transaction management software. They don’t have to worry about compliance risks because that’s one of the most significant benefits that Form Simplicity offers brokers. All transaction documents are digital, time-stamped, and stored online in one place.
Today, we are being bombarded by so many tools and information that it can be a bit overwhelming. Many offer free trials and you may think about trying each one before deciding. That may make you even more crazy.
Instead, write down those features that are most important to you right now and for the vision you have for your business. Don’t get caught up with all the bells and whistles if you don’t have the time to use the majority of them.
To be conservative, consider looking for a CRM where you will be utilizing at least 60 % of the features.
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When the vast majority of agents in America found themselves working exclusively from home, a new reality took hold. The more you could do digitally, the more likely you would remain successful throughout our health crisis.
Agents and brokers who had been using a transaction management solution like Form Simplicity have stayed on top. They’ve been able to keep their business going by managing their transactions digitally, from listing to closing.
As real estate begins its rebound, agents and brokers are looking for ways to work better remotely. For top producing brokers and agents, that means a robust, digital transaction management program. It also means using it every day.