Metrolist Prime Access partners with Instanet for electronic contracts

BrokerIPTV: Welcome everyone. We are here today with Kevin Best and Kevin is from Metrolist, Metro Denver's MLS and welcome to the show Kevin.

Kevin Best: Thanks BrokerIPTV.

BrokerIPTV: You know we were just talking about your mapping solutions and such down at Metrolist with Prime Access. I also saw I got a view from one of my brokers that you guys have a new product, online contracts. I guess you have partnered with Instanet Solutions?

Kevin Best: That is correct. Instanet Solutions is the largest provider of online contracts and document storage in the United States. A little over 360,000 REALTORS® that are currently using this product. <read more>

BrokerIPTV: Wow. So, online contracts and I have got document storage online with the product. Any additional charges?

Kevin Best: There isn't. It is included in your Metrolist membership fees. It is one of the visions of Prime Access from its inception that these types of core products would be available in the future as part of your membership.

BrokerIPTV: So, tell me about the contract product then.

Kevin Best: It has got all the state approved forms. One of the largest benefits of it is that you can autopopulate into the contract using either the MLS number or the PIN number from public records and you save the time of having to type the address half a dozen times on all the different forms.

BrokerIPTV: About document management, tell me about some of the attributes and the product for document management.

Kevin Best: [Inaudible] completely paperless and keep all of your forms and contracts of all your listings online and then you have the ability to invite people into the transactions let us say for example anyone from inside your office to your title rep or the HOA and they can have access through a secure customer service portal page that allows them access to the documents that they need.

BrokerIPTV: Interesting. What about, say all my disclosures for the property after they have been signed by my client? Is there a way to store, make those documents available to somebody else online?

Kevin Best: There is. You can actually add those documents to your listing for viewing in Prime Access. When another broker clicks on those documents and opens them up, another little side benefit is that you are actually notified that that broker has viewed those documents so that you are aware that they are at that point in the transaction process that they are actually looking at this detail.

BrokerIPTV: Interesting. So, let us talk about signatures. How do you... how does one go about signing these documents online?

Kevin Best: Currently, there is the ability to sign with either a tablet PC, a Stylus or a mouse integrate in the product at no additional charge.

BrokerIPTV: Oh, very good. Security on signatures and so forth?

Kevin Best: Oh, we really do. The product has achieved the REALTOR® secure program, which is a program that NAR has in place. Metrolist also has the REALTOR® secure program accreditation. So, we are very comfortable with the security they have got, dual redundancy sites for all of their backup servers. So, that will definitely be there when you need to access it.

BrokerIPTV: I think this is all really included in our fees we already paid Metrolist?

Kevin Best: It is. There is no additional charge for this product.

BrokerIPTV: Taking the time today Kevin and this looks like a great opportunity for real estate brokers to really go paperless and it looks like Metrolist is really moving towards kind of a Web 2.0 world.

Kevin Best: We are definitely heading in that direction.

BrokerIPTV: Great. Thank you Kevin.

Kevin Best: Thanks.

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Posted on September 16, 2008 21:19:03 by Blog Author