Stellar MLS, which operates in Florida and Puerto Rico, has initiated a strategic collaboration with Rayse, a technology firm specializing in real estate solutions. This partnership aims to equip broker customers with a comprehensive platform designed to craft customized experiences for agents and their clients throughout the buying process.

Innovative Platform Features

The innovative platform enables tracking of agent activities and provides clients with real-time insights into the transactional process. Key features allow real estate professionals to document their time spent on critical tasks such as:

• Responding to client inquiries
• Negotiating offers
• Previewing properties
• Analyzing market trends

Clients benefit from a clearer understanding of their agent’s efforts, aligning expectations with reality.

Understanding the Time Investment in Real Estate Transactions

A recent study conducted by WAV Group and Rayse, which surveyed 500 home buyers and sellers, revealed a significant perception gap concerning the time investment of real estate professionals. Many participants believed that agents contributed less than 15 hours of work throughout the homeownership journey. In contrast, the actual time spent is estimated to be between 80 to 100 hours for each transaction. This discrepancy highlights an essential opportunity for agents to enhance transparency and showcase their expertise effectively.

Quotes from Industry Leaders

“Buying a home is a life-changing decision; from a consumer perspective, clarity, trust, and transparency are essential. That is exactly why we are partnering with Rayse–to give buyers real insight into the process,” stated Merri Jo Cowen, CEO of Stellar MLS. “By utilizing this platform, our brokers can keep clients informed every step of the way so they can truly understand and appreciate their value. This technology reinforces Stellar’s commitment that ‘we’re for you’.”

Christian Dwiggins, co-founder and co-CEO of Rayse, emphasized the significance of this collaboration by saying, “We are stepping into a new chapter in real estate, where success hinges on transparency and effective communication with consumers. Our platform strengthens the agent-client bond and introduces a level of clarity and engagement that real estate has never seen before.”

Benefits of the Rayse Platform

The partnership aims to make the efforts of real estate agents visible at every stage of the transaction. Key functionalities of the Rayse platform include:

• Buyer Presentation: This feature transforms the initial buyer-agent consultation into an engaging, structured experience that emphasizes the agent’s value throughout each phase.
• Client Portal: Rayse facilitates a transparent experience, providing buyers with essential insights, such as offer comparisons and feedback from property tours, while ensuring they do not feel overwhelmed.
• Closing Report: This tool helps organize all decisions, negotiation successes, and significant milestones in one accessible location, clearly illustrating the necessity of a skilled agent in successful transactions.

Conclusion

The collaboration between Stellar MLS and Rayse promises to enhance the real estate transaction experience by reinforcing agent value and building client trust. By shedding light on the multifaceted processes involved, this initiative aims to create a smoother, more informed home-buying and selling journey.

For additional information, visit stellarmls.com.