| Media contact:
Mark Giberson (213) 739-8304
E-mail: markg@car.org
For release: Tuesday, Nov. 7, 2006
LOS ANGELES (Nov. 7) – RELAY®, the online transaction management tool for real estate professionals, today announced that users will receive a 50 percent reduction in the deductible amount on the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) endorsed errors and omission (E&O) insurance program underwritten by AIG and brokered by Linsin, Sherman Associates.
“REALTORS® and brokers using RELAY® online transaction management already reduce their risk through its automatic history and notes functionalities, and through an enhanced ability to track transaction progress and completion,” said Bob Kulick, Real Estate Business Technologies LLC chairman of the board. “Now, if an errors and omission claim is filed involving a transaction where RELAY® was utilized, REALTORS® under the E&O program endorsed by C.A.R., insured by AIG and brokered by Linsin, Sherman Associates can save 50 percent off the deductible.”
RELAY® features one-click integration with ZipForm® and WINForms Online®, the electronic forms software used by nearly 400,000 REALTORS® nationwide. The one-click integration feature allows users to move both the transaction data and the completed form – purchase agreements and disclosure documents for example – to the RELAY® transaction 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; agents or their clients can view their secure online transaction anytime, anywhere.
For more information about RELAY® security, or product and sales information, go to www.rebt.com. For additional information about the E&O program available to RELAY® users, go to www.linsinsherman.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.
Developed by RE FormsNet® (REFN), ZipForm® and WINForms® are the official real estate forms software of the NATIONAL ASSOCIATION OF REALTORS®. Both REBT and REFN are subsidiaries of Real Estate Business Services Inc. (REBS), which has an established track record of fulfilling REALTORS®’ strategic imperatives while delivering positive economic returns.
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 forms software of the NATIONAL ASSOCIATION OF REALTORS®.
Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 195,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
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