How Transaction Management Helps Brokers Comply and Track

Millions of real estate agents have already gone paperless by using a transaction management solution; today, brokers also can streamline many of their most essential business management processes digitally as well, if they adopt the right transaction management program.

One of the key drivers for deciding on which transaction management program a brokerage or MLS should select for their agents is a deep dive into what that transaction management solution does for brokers, as well as what it costs. That's because there is a significant difference between offerings today in terms of the tools, costs, and benefits for brokers.

Built-in Broker Tools

Last year, Form Simplicity, one of the real estate industry's most popular and advanced paperless transaction solutions – and the only one created for Realtors by Realtors – added broker transaction management features. From a single place inside Form Simplicity, brokers can manage, review, approve, track and store every agent's transaction activity from beginning to end. While some transaction management solutions charge extra for these broker tools for the peace of mind they deliver, Form Simplicity integrates all these broker features at no extra cost.

For a broker, the benefits from these built-in features are big, especially when it comes to compliance. Form Simplicity broker tools helps brokers reduce risk through a customizable, automated, paperless review process to help brokerages remain compliant. Moreover, brokers are operating in a collaborative environment, working digitally with each agent throughout the transaction process to ensure accuracy across the streamlined workflow. At their fingertips, brokers can see email and text correspondence for every transaction; that transparency gives brokers visibility into each agent's transaction activity, and allows brokers to evaluate, comment on and approve all forms digitally submitted by their agents.

Let's take a look at a couple of examples of what a broker sees inside Form Simplicity.