The Real Estate Institute of Queensland is set to launch a new automated utilities connection service which will save agencies time and money, and deliver a better experience for tenants.
Part of REIQ‘s Realworks platform powered by Hutly, the new feature uses One Touch Execution and enables real estate agencies to nominate their default utilities connection provider so that all tenants are offered utility connections in the process of signing a tenancy agreement.
REIQ Chief Operating Officer Josh Callaghan said automating the offer of connection services whilst a tenant is signing the tenancy agreement will lead to more successful conversions and ultimately, more money flowing back to agencies via the referral fees.
“As an added bonus, it also removes any extra processes or manual entry of data that is prevalent with utilities connection referrals within the industry,” Mr Callaghan said.
The feature will include providers Direct Connect, Ray White HomeNow, Compare & Connect, MyConnect, Movinghub, Move me in, Foxie and Your Porter, with more to be added in the coming weeks.
Direct Connect was excited to join the platform and said the tool would provide property managers with contactless contract signing for all their Form 18a requirements, and users with an easier way to ensure their movers have the lights on when they need it.
One Touch Execution is a smart contract technology that enables fast, secure and compliant contracts for all parties involved. Real estate agencies can have a lease finalised and signed within minutes, ready for new tenants to pick up their keys and move in. REIQ partnered with Hutly on the provision of OTE within their forms platform, Realworks, which has generated over 26 million forms and contracts over the past five years and is the most used platform in real estate in Queensland.