Unlike other products which are sold under a license model, RealtiPLUS will use a transaction-based fee structure. Firms will incur minimal initial costs, but will be charged a reasonable fee for each transaction with the system.
Firms can disburse transaction fees to their clients.
Only when the firm upgrades to RealtiPLUS in the coming year will transaction charges apply. RealtiPLUS is now in its final testing phase. Its commercial release is scheduled for early in 2000. The lawyers' section, which will be the first to be released this fall, will provide real estate practitioners with fast and easy access to TitlePLUS news, ideas for building business, resources such as confirmed lenders' lists, and tools such as sample letters, forms and reports. The latter will be accessible only to TitlePLUS subscribers who will, for example, be able to download sample bank reporting letters, access legal updates, view their TitlePLUS Times online and so on.