Broker compliance can now be digitally managed, thanks to a new paperless management tool. Form Simplicity, a leading paperless transaction solution, has recently announced the addition of a Broker Transaction Management feature to its cloud-based platform. With the new tool, it becomes possible to create a single place for real estate professionals to manage, review, approve, track, and even store end-to-end transaction activity.
Customizable Review Process Offers Enhanced Compliance
Thanks to this streamlined process, real estate brokers are able to take advantage of the opportunity to reduce their risk using a completely automated and customizable review process that ensures compliance. Brokers can even take advantage of the opportunity to collaborate with real estate agents using the transaction review process, which helps to ensure complete accuracy.
The Broker Transaction Management features also grants unprecedented insight into each transaction by tracking text and email correspondence for each and every contract. Brokers are able to gain increased visibility into the transaction activity of each agent, and even evaluate as well as comment on all forms digitally submitted by agents.
Among the most unique aspects of Broker Transaction Management is that it was designed with both the broker and the agent in mind. Everything that brokers and agents need in order to process a truly paperless transaction from start to finish is included with the platform.
Step-by-Step Review and Approval Workflow Process
Perhaps one of the best features included in Broker Transaction Management is the detailed history for every checklist review. In addition, a completely customizable and color-coded checklist system is provided, allowing brokers the ability to view agent activity according to each type of transaction. With the Broker Review feature, agents are able to submit completed contracts electronically to receive final approval. In the event that either an agent or broker adds comments during the digital review process, individual parties receive an automatic alert, helping to expedite the entire online process. As soon as the submission is marked as incomplete or complete by the broker, the agent in charge of that contract will be automatically alerted to the change in status. A review process is also included to log all activities and comments, allowing for easy reference throughout the workflow.
While it is certainly understandable for brokers to be concerned about incurring any additional costs, the new feature costs absolutely nothing. In fact, brokers may even find that they are able to increase their revenue by using the feature thanks to increased productivity gained by their agents. Additional savings can also be incurred via reduced copying expenses and time.
Form Simplicity has already gained a following for saving agents time by providing secure digital signatures and auto-populating smart forms. The platform can be used easily on mobile devices. With such a robust array of paperless tools for on-the-go agents and brokers, Form Simplicity is making it possible for uses to do more while providing greater value to their clients.