Changing the Real Estate Industry
The REAGENT Offer Management & Negotiation system assists both REALTORsⓇ and Associations; Helps busy REALTORsⓇ save time with keeping their clients immediately in the know as offers go-back-and-forth. Helps Associations with reducing compliance and governance costs to ensure that their membership and consumers are both protected.
Still using webforms?
It’s time for change
There is a better way. It is a time of ‘No More.’
- No more emailing the webform back and forth, and
- No more trying to find enough space on a cluttered final contract, and
- No more striking out the previous offer and adding the new offer, and
- No more initials cluttering up all the changes, and
- No more questioning which terms are outstanding, and
- No more questioning what are the final terms agreed upon; and
- No more calls from lawyers trying to decipher the final contract.
The industry is currently using webforms that are signed by the parties and emailed back and forth. All negotiations are completed on the binding contract. When a deal is accepted, the document may contain strikeouts and initials, making the final terms difficult to decipher.
With a digital Offer Management platform, all negotiations are completed prior to the parties signing the binding contract. Changes are preserved in a secure database that can be audited as needed. The final terms are appended, free of errors. An offer management system is a significant advancement over webforms, and exceeds current regulatory compliance standards.
Eliminate Webforms
Withholding Offers
What if an Agent has a seller that wants to withhold offers? Can an Offer Management System handle that? The programming logic behind that kind of feature requires the highest levels of technical skill, but the developers behind The REAGENT Offer Management system have executed this with impressive ingenuity.
When a homeowner sets a withholding offer date, they can review offers from interested buyers, but negotiation features are disabled until the withholding date is reached. This has the added benefit of preventing pre-emptive or bully offers, to allow all interested buyers an equal opportunity.
No more waiting for offers and updates to be emailed and signed with additional steps. With audit tracking and user agreements to legitimize negotiations, parties are immediately made aware when terms change and their response is required.
Busy agents can get more accomplished with less effort!
Real-Time Notifications
Commission Fee Calculator
The REAGENT platform incorporates an innovative ‘commission fee calculator’ that shows the breakdown of the fees and any applicable taxes.
Currently, both parties are not fully aware of the commission structure of the deal. Sellers are not aware of the fees until they are at the lawyer’s office closing the transaction. Buyer’s may now have to assume the fees for their Agent, and they need to understand how the fees impacts their budget. The key, this all has to be worked out before an Offer is submitted. With The REAGENT platform, the parties work out the deal and are provided with a Term Sheet to be able to review the deal before submitting the Offer.
Real Estate Associations are tasked with educating the public about the value of REALTORS, and fostering trust in their services. Now, with The REAGENT’s Offer Management system, Associations and Boards can provide those guarantees that all deals are being completed in a digital environment with built-in safeguards.
Protection From
Perceived Conflict of Interest
Full Audit Tracking
The real estate industry is going through a metamorphosis, advancing better consumer protection. With the benefits of audit-tracking provides a full account of all offers and counter offers for the property, in case of any litigation.
The REAGENT platform has full audit-tracking and secure data storage features allowing for a robust accounting of all historical transaction changes.
Currently, brokerages are responsible for maintaining all the records for each sales transactions. This can challenge regulatory bodies who are responsible for compliance oversight.
As clients of The REAGENT, Boards and Associations would have full ownership and access to the data. For any complaints, this allows the staff to conveniently log in to the platform, enter the address and be able to download the audit history, without even calling the Listing Brokerage.
Furthermore, the commercial opportunity to sell the aggregated data provides a potentially significant income stream.
Centralized Data Storage
Customization
Real estate is very different across each jurisdiction; with The REAGENT platform allows clients to customize the elements of the platform to accommodate their own needs.
Furthermore, with a white-label partnership the platform would be branded as the Board or Association.
Our Mission
To provide the greatest transparency and consumer protection in real estate.
Contact Us
We are eager to collaborate with you!
Call us now to find out more about our state-of-the-art
Offer Management system.
If you’re in the area, let’s meet up!
Burlington, ON
905.802.6433