HOUSTON--(BUSINESS WIRE)--RealNex, a commercial real estate technology company, today announced it has partnered with CommissionTrac, a transaction management and commission accounting platform, to bring end-to-end functionality to the commercial brokerage market.
RealNex, which currently provides an integrated, multi-pronged solution including CORE for CRM and operations, MarketEdge for presentation materials, investment and lease analysis, and MarketPlace for listing, marketing and searching, is now adding the final piece of the brokerage technology stack - CommissionTrac’s accounting automation suite and facility for managing agent and commission distributions. As part of this collaboration, clients will be able to bundle RealNex 3.0 with CommissionTrac.
“The vision of RealNex is to provide a complete, end-to-end solution for commercial real estate professionals. Its current platform accelerates the execution of the full transaction cycle from business development through closing. Now with the CommissionTrac alliance, RealNex takes it one step further with back office brokerage accounting,” said Jeff Finn, RealNex CEO.
Turner Levison, CEO of CommissionTrac, commented, “the commercial real estate market has finally turned the corner in technology adoption. We are seeing investments made at an unprecedented pace, and RealNex has been at the forefront for a long time. We are incredibly excited about this partnership. Our customer’s will now have the ability to manage everything from business card to closing with a streamlined workflow and well-conceived user experience.
“The RealNex goal has been to deliver a complete CRE selling management solution and marketplace,” said Mark Kingston, Chairman of RealNex. “Our collaboration with CommissionTrac is an important part of some key advances to be unveiled over the next few months.”
RealNex is a leading commercial real estate technology solutions company. It strives to become the portal and marketplace for the commercial real estate industry by integrating sector-based solutions to improve marketplace efficiency, transparency and liquidity. Its singular solution is designed to improve user success by increasing accuracy, professionalism and productivity.
CommissionTrac is the first brokerage transaction management, accounting automation platform for commercial real estate brokers. It fills the need for technology that manages everything that happens after the deal and helps brokers get paid faster.