DotLoop Opens Doors to Green Real Estate Transactions for 12 Tennessee Brokerages

CINCINNATI - Effective in April, DotLoop's collaborative workspace begins powering twelve Tennessee real estate brokerages in addition to attending REBarCamp Nashville. The twelve new brokerages in Tennessee are part of DotLoop's national expansion aimed at helping agents maximize their efficiency in the buying and selling of real estate.

The DotLoop solution provides Tennessee agents with a collaborative workspace allowing them to eliminate the inefficiencies of the traditional real estate transaction. Agents and clients initiate transactions, or "loops," where they can adjust and electronically sign documents as if they were sitting at a table together.

The DotLoop collaborative workspace eliminates faxing, filing and printing which are time consuming and uneconomical. The paper needed to perform these functions takes time and increases administrative costs for brokerages.

DotLoop's approach allows for real-time interaction between agents and clients for all of the necessary transaction details. Sharing, adjusting and electronically signing documents under collaborative workspace creates a faster workflow; consequently using less paper. Additionally, agents use less gas to track down clients for signatures, further reducing their carbon footprint.

According to the Tennessee Housing Development Agency, more than 49,000 homes were sold in Tennessee in 2009. Also, the average home sale can use anywhere from 100 to more than 400 sheets of paper. Therefore, Tennessee agents using DotLoop are leading the way towards more eco-friendly real estate practices with every home they sell.

These agents with the desire to leverage technology in their business are enjoying benefits beyond environmentally conscious practices. Many like-minded professionals are looking for new methods of managing their real estate transactions using technology.

While in Tennessee, DotLoop will stop in Nashville to attend REbarCamp 2011. REbarCamp, headed by industry leader Brian Copeland, is where real estate technology enthusiasts gather to discuss new products and concepts that can benefit to the industry as a whole. With agents across the country experiencing the benefits of DotLoop in their business, REBarCamp Nashville provides a new arena to share the collaborative workspace.

REbarCamp is not your typical structured conference. It's a gathering of some of the brightest minds in the industry presenting new ideas and collaborating with the audience. REbarCamp isn't a venue to sell products, but rather a forum for individuals in real estate to maximize their business potential through exposure to technologies.

In an industry that has been a laggard to adopt new technology, Tennessee real estate professionals using DotLoop are taking a step in a new direction. Along with Tennessee agents, DotLoop's expansion continues into Manhattan, Upstate New York, Northern Ohio, Michigan, Tennessee and more during the month of April.

About DotLoop

Headquartered in Cincinnati, Ohio, DotLoop is transforming the real estate industry by providing a secure online platform where any real estate agent can share and electronically sign transaction documents. As the leading provider of collaborative negotiation services, DotLoop is available to service all real estate professionals throughout the United States and Canada. The innovative DotLoop platform is a collaborative, wholly web-based negotiation platform that lets users add, adjust, approve, and electronically sign documents digitally - addressing the challenges of security, efficiency, and overhead costs in today's real estate industry. 

Learn more about DotLoop.