![]() ![]() If you make it easy for other agents to show the home, it increase your chances of getting the home sold is as short an amount of time as possible. Obviously, using a digital lockbox on all listings is an important step to making a sale. Some real estate lockboxes need to be replaced every 72 months, and of course, real estate lockboxes can break, so agents should budget for real estate lock box costs. In addition, there is a fee for the right to use a key to the boxes. ![]() Local REALTOR® Association and MLS organization fees for a real estate lock box vary across the country, but often range around $100. The MLS may approve other types of lockboxes, but since the MLS is trying to serve all the members of their Association, it makes sense to have one approved electronic lockbox for real estate agents who are members of the MLS. In that way, all agents are familiar with the operation of the lockbox and how does a lockbox work, and only need one type of key. It makes everyone’s life easier if all the agents in an Association use the same realtor lockbox. ![]() In general, an agent’s MLS organization will promote a real estate lockbox for general use. Today, electronic lockboxes are the choice of most agents doing real estate showings.Ī number of manufacturers make modern realtor lockboxes. SUPRA IBOX BTLE CODESome used a code and others used a dial which addresses the question “how does a lockbox work?” Some of these types are still available today, but they aren’t typically used in the real estate business. In the 1970s, the realtor lockboxes were opened with a small key, which is why some agents still call an electronic key a “lockbox key.” Other types of realtor lockboxes were developed over the years. Agents who have always used a lockbox can’t really imagine running all over town picking up keys to homes before showings.Įlectronic lockbox design has changed radically over time as technology has advanced. The second reason is that lockboxes made showing homes much more efficient. One is the additional security that comes from removing keys from the brokers’ offices. Lockboxes became popular for two very good reasons. The electronic lockbox is the most common of the showing solutions in use today. For example, real estate agents working today would think of leaving keys to a listing hanging around the office. The need for security is much greater than it was in the good old days. Fast forward to today, and the world has changed quite a bit. Listing agents obtained a key that was typically stored at their brokerage, and buyer agents stopped by to pick up the key before a showing. If you remember when the MLS published listings on paper, and you stored them in ring binders, you may remember a time when there were no lockboxes. ![]()
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