Reciprocity Agreement for Lock Box Access
By Heather Sarahan
Monday, November 5, 2018
The reciprocity agreement for lock box access between ICAAR and CRAAR was recently featured in an article by the Corridor Business Journal. Learn more about the agreement and read the full article below!
Corridor Real Estate Associations Collaborate on Lock Boxes
Showing homes to prospective buyers across the Corridor became more efficient this month when the Cedar Rapids Area Association of Realtors (CRAAR) and Iowa City Area Association of Realtors (ICAAR) implemented a reciprocity agreement for lock box access.
Under a reciprocity agreement, members of the CRAAR and ICAAR will both be able to open each others' lock boxes, avoiding the need to contact one of the listing agents for the property to obtain a one-day code to open them.
ICAAR was one of the first associations in the state several years ago to adopt SentriLock, an advanced digital lock box system that provides multiple convenient ways to open the lock box to secure the house key, including a phone app and a swipe card, explained ICAAR CEO Carlton Jackson. The reciprocity agreement became possible in the spring of 2017 when the CRAAR switched to SentriLock as its lock box vendor, according to CRAAR Association Executive Kevin Platz.
Mr. Platz said the two associations have a strong working relationship and are continuing to look at other ways to collaborate. He said East Central Iowa Association of Realtors, which includes the Dubuque area, has also expressed interest in a reciprocity agreement for lock boxes with the ICAAR and CRAAR.
The new lock boxes are highly secure, Mr. Jackson said, and provide a record of everybody who has opened it.