Broker Compliance Has Never Been So Easy – and Paperless

Ask a broker today if he loves all the paperwork related to compliance and you might just get laughed out of the room. That's about to change for tens of thousands of broker-owners. One of the real estate industry's most popular and advanced paperless transaction solutions – Form Simplicity from Florida Realtors® – has added Broker Transaction Management to its cloud-based platform, making a large piece of the compliance puzzle paperless.

Tom Baker, Regional Sales Manager for The Keyes Company and 2015 Florida Realtors Vice President District 3, has been beta testing these new broker features. Tom's experience has resulted in his firm going all in. "We are in the process of implementing the Broker Review transaction management platform companywide," he says, and explains, "We evaluated competitor platforms and made the decision that Form Simplicity was the best solution for transaction management." That's high praise coming from a company known to be ahead of the curve in deploying useful real estate technology for its agents and brokers.

It's also great news for the paperless transaction movement. But perhaps the even bigger news for brokers who already use Form Simplicity is this: There is no additional cost for the Broker Transaction Management features. Absolutely nothing.

For long-time users of Form Simplicity, this move may not be too surprising because as Eric Forsman, Vice President of Technology Services at Florida Realtors® points out, "Form Simplicity was made by Realtors® for Realtors®." When you have a pro-Realtor software product that's run and managed by one of the nation's largest Realtor Associations, you tend to do things a little differently than the competition. Eric notes that improvements, like the new addition of Broker Transaction Management, are "based on users' feedback."

What do users expect from Form Simplicity? According to Eric, they expect "everything in one place that a broker and an agent need to process a paperless transaction from beginning to end." Now with the addition of Broker Transaction Management, this expectation is a reality.

A look under the hood

Broker Transaction Management adds a lot of powerful features that pack a big punch when it comes to broker compliance.

Among the new features is access to a detailed history of each checklist review. This makes it easy for a broker to find exactly what they need, quickly. The system also features a fully customizable, color-coded, checklist system that allows brokers to view agent activity by transaction type. It's an attractive interface that gives a broker instant information with a single glance.

For agents, the new Broker Review gives them the ability to electronically submit their completed contracts to their broker for final approval. This can help speed up a transaction, as agent paperwork no longer sits idle in an inbox. To assure prompt attention to crucial issues, during the digital review process when either the broker or agent adds a comment, each party is automatically alerted.

Moreover, when the broker marks the submission as complete or incomplete, Form Simplicity automatically notifies the agent of the change in status. For easy reference, all comments and activities made throughout the workflow are logged, and not a single tree is killed in the process.

A great product made even better

Form Simplicity has always been an agent time-saver, especially because it features auto-populating smart forms, which eliminates agents having to re-enter the same information again and again. Agents also value the bank-level security built into Form Simplicity for secured cloud storage of all documents and logs because in this day of digital mischief; it gives them peace-of-mind.

With powerful features that include digital signatures, Form Simplicity makes agent and broker workflows more seamless. It allows agents to share and negotiate transactions with built-in collaboration tools, all in one place.

Supported by training and help from real estate's #1 tech support team, Tech Helpline, agents and brokers know that if they can't figure something out, they just need to pick up the phone and call one of Tech Helpline's friendly, U.S. based-agents. They all deeply understand what agents do for a living and that makes a big difference.

A considerable amount of time and energy goes into improving Form Simplicity to make a great product even better. But it isn't done alone; the feedback that agents and brokers give is essential to how Form Simplicity is improved. If you use Form Simplicity and have a suggestion, your voice will be heard, as we improve, through paperless efforts, the real estate transaction for everyone.

To learn more about Form Simplicity, watch the video demo below or go online to www.formsimplicity.com.