The system also delivers instant e-mail notification when new documents are uploaded and tasks are completed adds frequently used contracts, forms and tasks to any transaction with its time-saving "preload" feature and provides secure viewing of confidential information assigned by an agent or broker. The application will facilitate a paperless transaction in which documents may be uploaded, e-mailed or faxed directly into the software platform. Specifically, Transaction Live allows all participants in the transaction – Realtors, attorneys, mortgage lenders, home inspectors and consumers –- to safely transfer documents and track the entire transaction using a computer with Internet access via an individual, password-protected site. The MAR-branded product, Transaction Live, is a Web-based platform that aims to promote efficient execution of the time-sensitive property transaction. The Massachusetts Association of Realtors and SettlementRoom Systems Inc., a Virginia-based software company, have recently partnered to offer Bay State real estate agents an electronic transaction management application that will allow the completion of property transactions entirely online. State trade group partners with software provider Paperless real estate transactions land in Massachusetts
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