Relex™ Provides Innovative Business Concepts for Realtors® & Lawyers
A brand new service has Realtors® and Lawyers joining forces to revolutionize the way real estate is sold.
Relex™ connects Realtors® with Lawyers’ clients so they can work together throughout the entire real estate transaction. The concept is one that Relex™ founder Dean Witala has been utilizing in his own real estate business since 2009.
“Through my own business, I’ve seen the value of the increased clientele from Lawyers who I work closely with,” said Witala. “I realized that there are plenty of other Realtors® out there who could probably benefit from utilizing this system.”
At the end of the day, Relex™ Lawyers’ clients are receiving great, one-stop service from two professionals for the price of one.
But it’s not just Realtors® who benefit by using the Relex™ system. In exchange for the increase in clientele, Relex™ Realtors® and Lawyers sign an Engagement Agreement, with a fee arrangement allocating the transaction costs which total the amount of a typical full service Realtor™ commission. The revenue a Relex™ Lawyer receives from a real estate transaction–which is included within the transaction fee–is typically many times more than the average fee collected. Witala added that having a Lawyer involved early on in the real estate transaction can minimize the risk of problematic or invalid contracts.
At the end of the day, Relex™ Lawyers’ clients are receiving great, one-stop service from two professionals for the price of one. They are also given the promise of independent representation and undivided loyalty, which takes away potential conflicts of interest.
Through my own business, I’ve seen the value of receiving more clients from Lawyers who I work closely with.
Witala encourages Realtors® to be the first to establish their Lawyer connections through Relex™ to ensure that others don’t beat them to it.
“The commission from one successful Relex™ transaction could potentially be worth much more the value of a one-year membership. If a Realtor® establishes a solid working relationship with two or three Relex™ Lawyers, he/she could truly increase business by a significant amount.”