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After six years and $62 million, the National Association of Realtors will no longer offer online transaction management software as a free member benefit for its nearly 1.5 million members starting in 2022.
ZipLogix, acquired by Lone Wolf in 2019, has been the chosen transaction management provider for the trade group since November 2015, when the NAR board of directors approved a deal to provide all of its members with zipLogix’s zipForm Plus software at no additional cost.
At the time, then-NAR CEO Dale Stinton said NAR was prepared to fund the zipLogix offering “in perpetuity” from NAR’s reserves.
Starting in first-quarter 2016, Realtor agents and brokers got free access to the firm’s zipForm Plus software, transaction forms specific to their area, document storage through zipVault, and zipLogix’ transaction management system, zipTMS (previously known as relay).
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