MLS Boards Unite
162,000 Lockboxes to be Deployed as Part of New Multi-Year Agreement
SentriLock LLC, (http://www.sentrilock.com) a leading provider of electronic lockbox solutions for the real estate industry, today announced that the Regional Lockbox Consortium will convert its entire lockbox system to the SentriLock REALTOR® Lockbox solution.
In choosing SentriLock over competing lockbox solutions, officials with the Regional Lockbox Consortium — the largest group of its kind in the nation — lauded SentriLock’s system for its advanced technology and easy-to-use features. The Regional Lockbox Consortium comprises 21 REALTOR® boards throughout Maryland, Virginia, Delaware, Pennsylvania and Washington D.C. Originally organized by members of the Maryland Association of REALTORS® in early 2004, the group eventually organized as a separate corporate entity in March 2007 with the goal of upgrading their lockbox systems.
The Consortium will stagger its implementation over the next 24 months but has already begun purchasing some of the 162,000 lockboxes on behalf of their 45,000 members. Each individual REALTOR® Board or Association must still exercise their option to participate in the Consortium agreement with SentriLock. Read more