More than 100,000 real estate agents in the United States and Canada are now expected to be able to streamline their transactions thanks to new agreements that tech company dotloop has signed with four different agent associations.
The most comprehensive of the new offerings includes an agreement allowing members of the Mississauga Real Estate Board (MREB) to access “dotloop premium product for agents for two years as a member benefit,” according to a statement. This product includes a range of tools including document templates, digital signature technology, mobile capability, clause manager, and more.
The deal will also offer MREB brokers a 20% discount if they upgrade to the Business + platform, allowing them to track trades and automate various parts of the closing process.
Based in Ontario, Canada, the MREB has over 2,000 members.
In the statement, MREB President-elect Nelson Goulart highlighted that officers in his organization “will now have easy access” to dotloop technology.
“The dotloop system enables agents and their clients, as well as brokerage firms, to manage complex transactions with their agents, with a single, secure platform to operate their business,” added Goulart.
While the deal with MREB is the most comprehensive in terms of dotloop offerings, three other deals will see forms used by thousands of agents integrated into the dotloop platform. These agreements are with North Carolina Realtors, which has over 53,000 members; Northwest MLS, which has more than 33,000 members in Washington State; and MetroTex, with over 23,000 members in Dallas-Ft. Value area.
Collectively, these three agreements alone will impact over 100,000 agents.
Cincinnati-based Dotloop described itself in Monday’s statement as a “leading platform for online transactions and maximizing productivity.” The company also said it works with more than 9,000 brokerage houses and teams in English-speaking North America, and that it “touches over 50% of all transactions in the United States.”
Zillow acquired the company in 2015.
In Monday’s statement, Joe Kazzoun – vice president and general manager of dotloop – celebrated the deal with MREB, saying it would give “agents the choice in their transaction management system”.
“This new benefit provides MREB agents with a secure transaction management platform that is already used by half a million North American agents each month and offers over 75 integrations,” Kazzoun added, “connecting their full technology stack to a real platform centralizing all their data.
Email Jim Dalrymple II