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Tuesday June 11, 2018

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Innovation 2 Innovation

Members of KWAR to use electronic lock boxes and discontinue use of mechanical devices

This week the Kitchener-Waterloo Association of REALTORS® launched a new lockbox program replacing the conventional mechanical lockboxes that have been commonly used throughout Ontario for over the past 30 years. The new devices feature state-of-the-art technology to ensure KWAR REALTORS® continue to provide the highest standard of professional services to their clients.

This new program is a partnership with SentiLock LLC who are owned by the National Association of REALTORS® and currently provide services to over 400,000 REALTORS® in North America, and over 30,000 REALTORS® in Canada.

“Keeping a house key in a lockbox is a common practice for home-owners in the process of selling their home,” explains KWAR President Tony Schmidt. “It provides convenience for showing properties and facilitates cooperation between Realtors. Today, programmable and recording electronic lockboxes offer a robust suite of features and tools mechanical ones do not. It is not that there was anything wrong with the mechanical product, simply that the electronic one has finally evolved to the point where they are clearly superior and frankly, consumers expect and deserve the best from their REALTOR®.”

The SentriLock lockbox is Bluetooth compatible to allow the REALTORS®’s smart-phone to become their key, eliminating the use of static passcodes. They have also received security certification from Underwriters Laboratories, Industry Canada and Loss Prevention Services in the UK. Not only do the boxes offer greater physical security, but the supporting software:

• Accurately records the time, date and specific authorized REALTOR® who opened the lockbox.
• Touch ID and Facial Recognition to open Lockbox through the REALTORS®’s app.
• Notify the listing brokerage in real time when a lockbox is opened.
• Individual lockboxes can be programmed to only operate during the showing hours approved by the seller.
• Lockboxes are assigned to the property, creating a detailed and accurate record of all showings.
• Operate in severe weather.
• Long-life batteries.

This week over 1,000 KWAR members attended training on the new system and picked up their hardware. Beginning July 3, 2018, where the seller wants their REALTOR® to use a lockbox on a KWAR MLS® System listing, that lockbox must be a Sentrilock electronic lockbox.




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