Kansas Association of Realtors® Selects First American For Online Transaction Management


January 25, 2005, SANTA ANA, Calif.

First American Residential Group, Inc., a member of The First American Corporation (NYSE: FAF) family of companies, today announced an exclusive agreement to provide Transaction Manager, an online transaction management platform, to Real Estate Business Resources (REBR), a wholly owned subsidiary of the Kansas Association of REALTORS®. The implementation of Transaction Manager is the result of a landmark business model that will enable the entire membership to use a common platform to manage transaction checklists and documents, as well as order products and services.

Transaction Manager provides an integrated set of tools that supports real estate professionals throughout all phases of the real estate transaction, from listing to closing.   A proven, fourth-generation platform, Transaction Manager is an easily configurable system offered through multiple listing service (MLS), broker and agent distribution channels. In addition to offering configurable solutions specific to each constituent, this mature, open application provides access to a variety of vendors integral to the real estate transaction, a common data repository, private branding and role based-security throughout.  Transaction Manager will be adapted to meet the specific needs of REBR’s brokers and agents. 

“First American offers a solution that is open and neutral, and serves the REALTOR® population well,” said Karen France, vice president of REBR.  “We recognize the importance to our members’ profitability to adopt transaction management. We also realize the benefits of providing a common platform to our members to enable cooperative efforts on each transaction. Transaction Manager meets this need with one-time sign-up, state and local vendor directories and easy accessibility, offered in one convenient platform for both our 9,378 members and our vendors.”

“The relationship between REBR and First American demonstrates the continued marketplace interest in Transaction Manager,” said Stephen C. Roney, president and chief executive officer of First American Residential Group. “REBR’s confidence in selecting First American as a partner is proof positive that we continue to be the dominant provider of transaction management solutions to the residential real estate industry.  REBR consistently offers innovative technology solutions to the real estate marketplace, and we are honored to have been selected as the organization’s partner for transaction management.” 

To date, First American has nearly 70,000 registered users on the Transaction Manager platform, positioning the company as a leading national provider of transaction management technology. For more information about Transaction Manager and the other products and services First American offers to the real estate industry, visit www.firstam.com/residential.  

About Real Estate Business Resources, Inc.
Real Estate Business Resources, Inc. (REBR) is a wholly-owned subsidiary of the Kansas Association of REALTORS®. REBR provides an identifiable, credible and branded business partner for real estate professionals to support them as they navigate the challenging road ahead. REBR offers REALTORS® a response to internal and external forces that influence and change real estate marketplace traditions, consumer expectations and ongoing profitability. For more information, visit: www.rebrcentral.com.

About First American Residential Group
First American Residential Group provides service, technology, outsourcing and product solutions to members of the real estate and relocation industries.  The company offers integrated solutions to real estate brokers and agents that streamline the listing and closing process and lead to increased efficiency and profitability.  First American Residential Group’s technology platforms and product solutions have been built specifically to meet today’s ever-changing real estate transaction management needs.  For more information, visit: www.firstam.com/residential

About The First American Corporation
The First American Corporation is a Fortune 500 company that traces its history to 1889. As the nation’s largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people’s lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.21 billion in 2003, First American has 30,000 employees in approximately 1,800 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com

 

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