Media contact:
Mark Giberson (213) 739-8304
E-mail: markg@car.org 

For release:
Wednesday, July 27, 2005

RELAY®, user-friendly transaction management platform for the real estate industry, launched today at Inman Connect

SAN FRANCISCO (July  27) – Real Estate Business Technologies LLC (REBT) today announced the market launch of RELAY®, a Web-based transaction management system for real estate professionals and their clients to use when buying or selling a home. The product is the result of a collaborative effort between REBT and the National Association of REALTORS® (NAR).

Hailed by industry leaders as a mission critical enhancement to the services provided by REALTORS® to homebuyers and sellers, RELAY® allows online tracking and management of all information related to a real estate transaction from listing through closing. This includes all transaction contracts, documents, listing and sale information, as well as all communication generated throughout the transaction. The RELAY® system also allows subscribers to enable assistants, other agents or transaction facilitators to participate in the process.

An agent’s clients can receive a CD-ROM copy of the closing file, including their documents, when the transaction is complete. Brokers and agents can also elect to retain a comprehensive electronic history of each transaction.

“RELAY® also features one-click integration with ZipForm® and WINForms® Online, the electronic forms software used by nearly 300,000 REALTORS® nationwide,” said REBT Chairman Bob Kulick. “The one-click integration feature allows subscribers to move both the transaction data and the completed form images – purchase agreements and disclosure documents for example – to the transaction management platform and into the document management system.”

As a Web-based transaction management system, there is no hardware to purchase or software to install in order to use RELAY®. All that is required is Internet access; users can view their online transaction at anytime, anywhere.

“One of the innovative highlights of this system is the built-in client satisfaction monitor,” said Kulick. “Rather than wait for post-transaction follow up, RELAY® enables REALTORS® to access customer satisfaction in real time through continuous, instantaneous feedback from their clients. In addition, RELAY® is practitioner friendly, and users are up and running the first day. It’s the most streamlined, seamless transaction management system available today.”

For complete RELAY® product and sales information, go to www.rebt.com.

Real Estate Business Technologies LLC (REBT), a subsidiary of Real Estate Business Services Inc., provides technological solutions to REALTORS® that enhance the value of services REALTORS® deliver to their clients while improving REALTORS®' productivity and efficiency.

The National Association of REALTORS® (NAR) - "The Voice for Real Estate," and the nation’s largest professional real estate association, represents more than 1 million members involved in all aspects of the real estate industry.

Real Estate Business Services Inc. (REBS) is a subsidiary of the California Association of REALTORS® (C.A.R.) and the leading provider of real estate products and services to practitioners in California.

RE FormsNet® (REFN) is a joint venture between Real Estate Business Services Inc. (REBS) and the National Association of REALTORS® (NAR) and is the developer of WINForms® and ZipForm®, the official real estate forms software of the National Association of REALTORS®.

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