Protecting Your Brokerage: Guaranteed in the Contract

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Published By: SkySlope
February 19, 2020

| Topic: Blog

The average brokerage uses multiple vendors to provide services to their office and agents. It’s a necessity when it comes to running a business. However, when you use a third-party provider, you’re trusting them with extremely sensitive data. It is vital that you feel confident with your software partners when it comes to protecting your brokerage and your data. Data security can be complicated but if you know what to look for, you can make sure your data is safeguarded. When it comes to digital transaction management, not every company offers the same confidence in data security. In most cases, you get what you pay for.

 

Built By Industry Experts

When beginning your research, make sure you get to know your vendor, who they are and their business practices. What’s their knowledge and background of the real estate industry? Do they truly understand the nuances of a transaction? As a broker, you need to keep in mind the safeguards implemented into the user interface. Your business is at risk if the software you use doesn’t have a rigorously tested and thoughtfully developed platform. This means that everyone from designers to developers needs to have a keen understanding of the real estate transaction so they can create fool-proof workflows. A great platform will guide and protect agents from entering sensitive data in the wrong places. In other words, more structure means less risk for your brokerage.

Secure Storage

Secondly, it’s important to consider the reliability of data storage. Any vendor worth their salt should be using a reputable cloud platform — AWS, Oracle, Google Cloud to name a few. A competent vendor will use the cloud to store your data in multiple facilities and on multiple devices. That way, if a catastrophic event were to occur, your data remains available and secure. This is a no brainer when it comes to protecting your brokerage.

Additionally, leveraging best in class data encryption standards is critical in keeping your brokerage’s data safe. Without getting too technical, it’s important to verify that only certain people have access to data. The right partner handles this seamlessly in the background for you.

Contractually Speaking

Lastly, there’s more to security than technical specifications. When deciding on a digital service that collects and stores confidential data, make sure to get security assurances in your contract. This will give you and your business peace of mind as you adopt and onboard new technology.

Fortune 500 Security

So why is data security so crucial to real estate brokerages? We don’t have to look further than the prevailing issue of wire fraud. In 2019, wire fraud contributed to the loss of $5 billion. However, SkySlope handles over one million transactions annually with no security breaches. How is this possible? Not only have we prioritized compliance from our inception, but SkySlope has robust monitoring and also routinely conducts bank-grade, industry-standard security audits. Moreover, thanks to Fidelity National Financial’s multi-million dollar commitment to security, SkySlope benefits from the expertise, tooling, and best practices that come with such an investment to continuously improve and update our security measures.

A Peace of Mind Solution to Protect Your Brokerage

What makes SkySlope a dependable partner to successful brokerages?

  • Data compliance has been and continues to be a focus as we build expand our offerings
  • Our methodically built, Broker-centric software keeps transactions organized, structured, and compliant
  • We’ve invested in multiple safeguards to keep your data safe

Above all, you don’t just want the most secure platform, you need it. You can never be too protected or supported. Giving brokerages a top-shelf, white-glove customer experience has always been a priority for us. Relied on by 59% of the top 100 Real Trends brokerages, we believe that customer experience extends to your brokerage’s safety.

How much is peace of mind worth to you? Reach out to us and we’ll happily go more in-depth on all the ways SkySlope guarantees your safety from the moment you sign up.

If you’d like to read up on other ways we keep our platform safe, we have an informative article here that gets a bit more technical.

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