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New security device now available to realtors in Obion County area

New security device now available to realtors in Obion County area

Posted: Monday, September 1, 2008 9:38 am

The Messenger 09.01.08

For many years, realtors had used a key under the doormat to allow access to a home listed for sale.
With the advent of a Multiple Listing Service (MLS), keys were issued to members and locks were designed to fit those keys.
Obviously, neither of those systems provided a secure way for the home to be shown and sometimes provided easy access for those with no intention of buying a home.
In 2001, the National Association of REALTORS® sent a survey to its membership — currently 1.2 million strong — asking them to give a wish list of what they’d like to see in a new state-of-the art lockbox system. They turned this wish list over to a bunch of 20-something techies, who came up with a new patent for a system called SentriLock™.
When initially unveiled in 2003, this new system had a “credit card” type key very similar to the kinds of electronic keys used by many hotel chains with an embedded chip rather than a magnetic strip. It fit into anyone’s wallet or ID case and was updated with a USB connector to any computer. It took only about 30 seconds to update all information on a 24/7 basis.
The SentriLock box was illuminated for evening showings, was less bulky and had a replaceable battery that could be purchased at any store that carries camera type batteries. It had many great features, including the total removal of the shackle, a one-day limited access code for those who had never purchased a key of any kind and therefore were unable to show any MLS listings, and the ability for the owner of the house to prohibit entry with a special code used in case of illness or family entertaining.
After much diligence, the Reelfoot Regional Association of REALTORS® (RRAR) — serving 87 members in Lake, Obion and Weakley counties in Tennessee and two member firms in Kentucky — will begin to carry this new lock box system for its members and their respective clients.
This system has made it easier and less expensive for the members in this area to be more effective in marketing homes they have listed, a spokesman said. They join about 175 other REALTOR® associations nationwide representing about 245,000 realtors in adopting this new, safe and technology-advanced security system.
REALTORS® across the country have begun to use the system because of its pricing, ease of use, convenience to both the realtory and the seller and, above all, its reliability in the field. The security that this box offers over the dial or push-button boxes that some might use is heartily substantial and encourages the leading agents in this area to adopt usage in all listings where appropriate, the spokesman said.
Members of the Reelfoot Regional Association of REALTORS® Inc., belong to the National Association of REALTORS®, The Voice of Real Estate™, America’s largest trade association, representing more than 1,250,000 members involved in all aspects of the residential and commercial real estate industries.

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