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KANSAS ASSOCIATION OF REALTORS® SUBSIDIARY SELECTS FIRST AMERICAN
RESIDENTIAL GROUP FOR ONLINE TRANSACTION MANAGEMENT PLATFORM
—Joins the Nearly 70,000 Registered Members Now on the Transaction
Manager
Platform—
SANTA ANA, Calif., Jan. 25, 2005 – First American Residential
Group, Inc., a member of The First American Corporation (NYSE:FAF)
family of companies, today announced an exclusive agreement to provide Transaction
Manager, an online transaction management
platform, to Real Estate Business Resources (REBR), a wholly owned subsidiary
of the Kansas Association of REALTORS®.
The implementation of Transaction Manager is the result of a landmark business
model that will enable the entire membership to use a common platform to
manage transaction checklists and documents, as well as order products and
services.
Transaction Manager provides an integrated set
of tools that supports real estate professionals throughout all phases of
the real estate transaction, from listing to closing. A proven, fourth-generation
platform, Transaction Manager is an easily configurable system offered through
multiple
listing service (MLS), broker and agent distribution channels. In addition
to offering configurable solutions specific to each constituent, this mature,
open application provides
access to a variety of vendors integral to the real estate transaction, a
common data repository, private branding and role based-security throughout.
Transaction Manager will be adapted to meet the specific needs of REBR’s
brokers and agents.
“First American offers a solution that is open and neutral, and serves
the REALTOR® population well,” said
Karen France, vice president of REBR. “We recognize
the importance to our members’ profitability to adopt transaction
management. We also realize the benefits of providing a common platform
to our members to enable cooperative efforts on each transaction. Transaction
Manager meets this need with one-time sign-up, state and local vendor
directories and easy accessibility, offered in one convenient platform
for both our 9,378 members and our vendors.”
“The relationship between REBR and First American demonstrates the continued
marketplace interest in Transaction Manager,” said Stephen C.
Roney, president and chief executive officer of First American Residential
Group. “REBR’s confidence in selecting
First American as a partner is proof positive that we continue to
be the dominant provider of transaction management solutions to the residential
real estate industry. REBR consistently offers innovative technology solutions
to the real estate marketplace, and we are honored
to have been selected as the organization’s
partner for transaction management.”
To date, First American has nearly 70,000 registered users on the Transaction Manager platform,
positioning the company as a leading national provider of transaction management
technology.
For more information about Transaction Manager and the other products and
services First American offers to the real estate industry, visit www.firstam.com/residential.
About Real
Estate Business Resources, Inc.
Real Estate Business Resources, Inc. (REBR) is a wholly-owned
subsidiary of the Kansas Association of REALTORS®. REBR provides
an identifiable, credible and branded business partner for real
estate professionals to support them as they navigate the challenging
road ahead. REBR offers REALTORS® a response to internal
and external forces that influence and change real estate marketplace
traditions, consumer expectations and ongoing profitability.
For more information,
visit: www.rebrcentral.com.
About First American Residential Group
First American Residential Group provides service, technology, outsourcing
and product solutions to members of the real estate and relocation industries.
The company offers integrated solutions
to real estate brokers and agents that streamline the listing and closing process
and lead to increased efficiency and profitability. First American Residential
Group’s technology
platforms and product solutions have been built specifically to meet today’s
ever-changing real estate transaction management needs. For more information,
visit: www.firstam.com/residential.
About The First American Corporation
The First American Corporation is a Fortune 500 company that traces its history
to 1889. As the nation’s largest data provider, the company supplies
businesses and consumers with information
resources in connection with the major economic events of people’s lives,
such as getting a job; renting an apartment; buying a car, house, boat or airplane;
securing a mortgage; opening or buying a business; and planning for retirement.
The First American Family of Companies, many of which command leading market
share positions in their respective industries, operate within six primary
business segments including: Title Insurance and Services, Specialty Insurance,
Mortgage Information, Property Information, Credit Information and Screening
Information. With revenues of $6.21 billion in 2003, First American has 30,000
employees in approximately 1,800 offices throughout the United States and abroad.
More information about the company and an archive of its press releases can
be found
at www.firstam.com.
Contact:
David Schulz
Corporate Communications
The First American Corporation
714.800.3298
dschulz@firstam.com
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