RISMedia's Real Estate Magazine

JUL 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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RISMedia's REAL ESTATE July 2018 93 T echnology is becoming increasingly central to every aspect of our lives, and the buying and selling of homes is no exception. Not long ago, brokers had to convince agents to include photos with their online listings, and communicating with clients using video and text message was unthinkable. However, the proliferation of smartphones and advancements in web- based technology over the past decade dramatically changed how the real estate business is conducted. Real estate agents and consumers are now armed with a device that is a phone, a computer and a camera, right in their very own pockets. As a result, Realogy Holdings Corp. has been working diligently to digi- tize the real estate process, seeking to streamline its many moving parts for all those involved in the transac- tion: buyers, sellers, brokers, agents, lenders, mortgage investors, title companies, government entities, and more. As the leading and most inte- grated provider of residential real estate services in the United States, with more than 190,000 affiliated agents, Realogy has impressive ac- cess to data and assets that can translate into tools and innovation. Realogy spends more than $200 million annually on technology and is laser focused on its strategy to build, partner and buy best-in-class solutions designed to optimize agent recruiting and productivity by provid- ing a more seamless user experi- ence for agents. "We have always been dedicated to creating exceptional real estate experiences for our customers," says NRT President & CEO Ryan Gor- man. "While we place great value on personal and face-to-face communi- cation with our customers, we want to lead the industry with digital so- lutions that elevate and simplify the process of buying and selling." As Title Resource Group (TRG) Chief Strategy Officer Walter Mullen aptly puts it, "It takes a village to make a real estate transaction come together. From looking at homes with a local agent to securing the mortgage loan to the transfer of le- gal title, a mound of paper requiring signatures stands between the pur- chase agreement and the closing of the deal." As the real estate transaction forg- es ahead into the digital age, an in- creasing number of busy consumers are more empowered thanks to the ability to have required documents not only signed, but now also legally notarized online, as an increasing number of states pass legislation al- lowing digital remote notarizations. In February 2018, the National Association of Secretaries of State adopted nationwide standards for online notarization. In June, Texas became the third state to authorize its commissioned notaries to per- form online notarizations for signers from around the world who appear live before the notary on a screen via real-time, two-way audio-video confer- ence software. According to Notarize, the first notary public platform to en- able legal online document notariza- tion, eight states have now passed laws allowing online notarizations, with additional states considering laws this year. In a move to advance the digital real estate experience for its af- filiated sales associates, mortgage and title companies and its custom- ers, TRG's parent company, Realogy Holdings Corp., has now made an investment in Notarize. The expect- ed addition of digital notarization to Realogy's suite of offerings will ad- vance the company's goal of provid- ing agents with a completely digital real estate transaction. "Notarize technology will allow TRG to better serve the growing num- ber of customers who prefer online digital solutions," says Don Casey, president and CEO of TRG. "Moving toward a full digital closing has been "While we place great value on personal and face-to-face communication with our customers, we want to lead the industry with digital solutions that elevate and simplify the process of buying and selling." - RYAN GORMAN President & CEO, NRT

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