Paperless Process Comes of Age in Real Estate

by THE WAV GROUP on October 12, 2009

WAV Group has been tracking the adoption of online transaction processing software for several years.   In the 2005 WAV Group Transaction Management Adoption Study, we identified a number of factors that were inhibiting adoption of transaction management solutions and recommended steps to improve adoption.  We are seeing encouraging adoption increases throughout the country.

The WAV Group 2009 Transaction Management Adoption Study surveyed over 1700 brokers and agents from 22 different MLSs.  In addition, we worked with major Transaction Management vendors to look at their product adoption trends over the last few years.  The result is a much clearer picture of where online transaction processing stands today.

The study found that online transaction processing has come of age. User and transaction growth is significant.  Both survey results and growth trends from each of the key online transaction processing software vendors support this finding.

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