It's much more complicated to buy and sell real estate today. To that end, NAR rolled out a new electronic transaction platform at the convention. Consumers will be able to follow their transaction online on their own private Web sites. The new electronic platform will be introduced across the country this year. The rapid advancement of technology has spurred a powerful surge of change in the way real estate transactions are conducted.
Computerization is just a start.
In the Chicago area, the major real estate firms are moving ahead with their own technological advances. We're on the edge of a revolution. The use of the Internet is just beginning. His firm has launched a new Web site that is more interactive and allows potential buyers to see a home online and immediately make an appointment with an agent to view it. Previously, you would have to check 10 or more sites to see all the listings.