Electronic lockboxes – What are they and how do they work?
Electronic lockboxes are lockboxes that track showing activity. There are two types of Electronic boxes used, Supra and Sentrilock. Both boxes perform the same basic function, which is allow Realtors(R) access to the property while logging the day/time/individual who showed the property.
What purpose do these lockboxes serve? Many sellers want the data that Electronic Lockboxes produce for a number of reasons. The top reason is feedback. By tracking who goes in and out of the property through the box, a seller can contact the showing agent for feedback after the showing. This is especially useful on vacant properties. Secondly, many sellers like the boxes because they convey a sense of professionalism. Almost all 6% listing brokers use Electronic boxes on their listings. Many of our sellers like to give agents the same showing access as they would receive with competing listings. Electronic boxes accomplish an important goal that we try to stress to our sellers… Make your property as easy to show as possible.