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Archive for July, 2019

Mechanical versus Electronic Lockboxes

J. Andrew English J. Andrew English
Monday, July 22nd, 2019

An Electronic Lockbox is a lockbox that is accessible to all Realtors through the use of their key fob or smart phone. The Electronic box is sometimes referred to as a Supra Box or Sentrilock box. (depending upon your area) This is the type of lockbox that would be used by any Full service traditional Realtor with a listing on the MLS. The advantages of using an Electronic box include a more professional appearance during a showing, tracking who goes in and out of the property, tracking how long someone is in the property, and greater security in that a non Realtor(R) can not access the box.

 

Mechanical lockboxes are accessible via anyone who has the code to that lockbox. This includes Realtors and members of the public. Advantages of mechanical boxes include being able to get contractors in and out of the property easily and a much lower cost when compared to the Electronic boxes. Disadvantages include: They can be much easier to break into. Most banks and REO vendors utilize mechanical lockboxes, which some sellers do not want to be associated with. Anyone with the code has access  to the box and mechanical lockboxes will not track activity. Lastly, some MLS’s will not allow a code to be published in the MLS. Thus, each showing agent may have to contact you and speak with you to acquire the code. This could result in missed showings in you are unavailable to answer your phone.

 

Other notes – For the markets of NWMLS in the Seattle area, Prospector in the Sacramento area, and NNRMLS in the Reno area, the MLS will only allow a mechanical box to be on the property if an MLS issued Electronic box is also on the property. These particular MLS’s claim this is for the safety and security of the property. It is important to note that this is not our rule. These 3 MLS’s enforce this rule for all listings from all agencies who list a property in that particular MLS.

Showing Time –

J. Andrew English J. Andrew English
Thursday, July 11th, 2019

Showing time is an application used by agents to set up and manage showings electronically. It has become extremely popular in Arizona and New Mexico over the last year. In addition, it is gaining traction in part of NV, ID, and AK.

On the MLS listing, an agent can click on showing time to make an appt on a particular listing. When the agent does this, showing time will send us the showing request via email. We then fwd the email to your email address. When you receive this email, you will see a blue icon that says “Action Required”. When you click this, showing time will give you the option to accept, decline, or propose a new showing time.

At the request of the homeowner, we can add your email to showing time. This will allow you to receive the showing time request in real time versus having our firm fwd the request to you manually.

Another positive of showing time is the app will automatically ask the showing Realtor for feedback after the showing is complete. We are happy to fwd this feedback to you upon receipt.

If an owner does not want to use showing time, we can shut it off completely but would need written instructions from the owner to do so. We highly recommend against shutting off showing time but will do with a written request from the owner.

Showing Time is included at no additional cost on all of our MLS listings. (in areas where showing time is offered by the MLS)