News on 25 October 2000

US real estate brokers choose web solution

Three leading US regional property firms have chosen a web-based system to manage the entire process of buying and selling commercial real estate. Colliers International Partnership, Colliers Bennett & Kahnweiler, and Colliers Towle have all selected the RealPrompt property transactions ASP solution.

"Colliers International Partnership is continually looking for ways to increase the level of service they bring to its clients," said Thomas M.Loeswick, senior vice president of Colliers International Partnership. "RealPrompt's products have the potential to save our clients time and money by expediting the sales process."

To date, online real estate companies have focused primarily on bringing buyers and sellers together. The time-consuming processes of broker selection, buyer qualification, deal negotiation, due diligence and closing continue to take place offline. RealPrompt claims to be the first to offer a platform that enables the entire transaction to take place online.

Richard Byatt

www.realprompt.com

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