The Real Deal Miami

Miami Association of Realtors switches to electronic lockbox system

September 20, 2011 04:04PM

It’s going to be more difficult for unauthorized people to enter Miami properties on the market. According to the Sun-Sentinel, the Miami Association of Realtors began offering its members free electronic and smartphone access to Supra electronic lockboxes.

Many properties currently use combination lockboxes, which the agency said is dangerous to consumers and properties, as the combination is often shared with unauthorized people, which sometimes results in robberies. On the other hand, the electronic system limits showing to authorized agents and automatically documents every entry.

The new system benefits sellers, as homes with electronic lockboxes tend to sell faster, according to the Miami Association of Realtors, and buyers as they get easier access to scheduling visits to more properties. Since bank-owned properties use the electronic system, the agency’s switch gives realtors access to more listings.

The switch will begin taking affect Oct. 3. [Sun-Sentinel]