Method for Creating and Executing Contracts on Blockchain in Beta Testing
ShelterZoom, creator of a blockchain-based real estate purchase and rental deal platform, has launched Mithra Contract, a tokenized, industry-agnostic digital contract platform. Mithra Contract is a next-generation deal, contract and transaction management platform that is expected to deliver transparency, efficiency and security.
Mithra Contract represents an evolution from existing paper, smart and Ricardian contracts. Users–contractual parties–hold tokens containing their rights and obligations.
“Mithra Contract not only contains all the benefits and functionality of smart and Ricardian contracts, but goes a level further by turning legal contracts of all types into cryptographic tokens,” said Dmitry Goroshevsky, ShelterZoom’s chief architect. “Doing so enables on- and off-chain transferring, trading, auctioning, tracking and execution of legal contracts. None of this was possible before.”
Mithra Contract is currently in beta testing. A group of 100+ beta subscribers and several ShelterZoom affiliates will be invited over the next three months. To participant in Mithra Contract beta testing or become an early adopter, please sign up here.
Realtor.com Rolls Out ‘Price Perfect’ Tool
Realtor.com® announced a new feature on its website and mobile app that equips home buyers with a deeper understanding of their buying power by providing a tool that allows them to add or subtract the cost of specific home features. Price Perfect helps home buyers to configure their ideal home, within a desired price range, in their neighborhood of choice – the first-of-its-kind in the digital real estate industry.
“Our research shows ‘how much can I afford’ is one of the biggest pain points for home shoppers,” said Brad Sivert, general manager and head of mortgage for realtor.com.® “With Price Perfect, buyers have more insight into their spending power by showing them the impact of adding or subtracting specific home features, such as an extra bedroom, bathroom or adding a garage. It empowers them to find the right home that is both affordable and has the features that are most important to them.”
After entering a basic search of bedrooms, bathrooms and location, buyers are able to view how much adding or subtracting specific features would impact the price of their home and adjust their search accordingly. Once the buyer decides on their desired features, they are shown the monthly payment for the median-priced home broken down by mortgage, property taxes and insurance. With a quick click of the “See Homes” button, they can view all the homes on realtor.com® that meet all their specific search criteria.
Price Perfect assigns costs to individual home features based on an algorithm of listing prices and characteristics of homes currently on the market in a specific neighborhood. This ensures all costs reflect market conditions in real time, making these insights incredibly relevant to buyers currently in the market.
LeadingRE Adds ActivePipe to its Solutions Group
Leading Real Estate Companies of the World® has added ActivePipe to its Solutions Group program of preferred business resources for its global network of 565 market-leading real estate firms. ActivePipe is a marketing automation platform designed for the real estate space.
Using years of trending data, ActivePipe’s behavioral email marketing helps brokerages and agents maximize their databases to build stronger relationships and grow opportunities. Its unique algorithms and interactive call to action pages are designed to help agents know when to reach out to their contacts and with what message.