Forms. Forms. More Forms.
In 1990, a real estate contract was 3 pages with 1 addendum.
Today, the typical real estate contract is 3 to 4 times that — and that is on a simple transaction. When you layer on short sales, foreclosure, relocation, condos or new homes, you can count on contracts that are 30 pages or more.
It is maddening.
Regulation is Robbing You Blind
The regulatory environment for real estate has never been worse and the number of forms required to disclose, disclaim or acknowledge every aspect of the transaction seems to increase daily.
Most estimates show that the amount of time to properly administer a contract ranges from anywhere from 5 to 20 hours. And each hour you spend moving the paperwork around is an hour you don’t spend on income producing activities.
The Solution — Transactional Management
Our industry is drowning in paperwork and having a dedicated staff whose sole responsibility it is to assemble, track and manage the hours of transactional management is invaluable in today’s brokerage.
When you can provide transaction management services to both your clients and your agents, the transactional experience improves, your risk of non-compliance decreases and everyone becomes more efficient.
You focus on writing as many contracts as you can. We will get them closed.