Australia’s Leading Forms Execution Just Got Better
Have you heard about the OTE Utility Connection? It’s the latest proptech feature thanks to the Real Estate Institute of Queensland (REIQ). Enhancing their real estate forms platform (Realworks), REIQ recently launched a utility connection service into their world-leading One Touch Execution (OTE) feature in partnership with Hutly Pty Ltd.
Meet the REIQ’s latest tech innovation: OTE Utility Connection. It’s a new feature that enables real estate agencies to nominate their default utilities connection provider. As a result, tenants are offered utility connections in the process of signing a tenancy agreement. It’s a win win.
“By automating the offer of connection services when a tenant is signing a tenancy agreement, it ensures the service is offered at a critical point of the transaction. This leads to more successful conversions and ultimately, more money flowing back to agencies via referral fees,” explains Josh Callaghan, REIQ Chief Operating Officer. “As an added bonus, it also removes any extra processes or manual entry of data that is prevalent with utilities connection referrals within the industry.”
Launching on 25 June, the feature includes the following providers with more to be added in the coming weeks: Direct Connect, Ray White HomeNow, Compare & Connect, MyConnect, Movinghub, Move me in, Foxie and Your Porter.
Compare & Connect CEO, Neil Saligrama says, “We’re very excited about what this partnership means for REIQ consumers. Above all, it enables a superior experience for all our Queensland consumers and real estate partners. Our Omni-channel approach (in partnership) with Hutly will be benefit everyone in our ecosystem.”
Compare & Connect is proudly 100% Australian-owned and operated, working with a wide range of participating providers to help customers connect utility services. In fact, they remove the hassle out of just about everything, taking care of the whole process. From start to finish through to the connection life-cycle, their services include electricity, gas, broadband, Pay TV and more.
OTE is a world leading smart contract technology, enabling fast, secure and compliant contracts for all parties involved. Real estate agencies can have a lease finalised and signed within minutes, ready for new tenants to collect their keys and move in. REIQ partnered with Hutly on the provision of OTE within their forms platform, Realworks, which has generated over 26 million forms and contracts over the past 5 years. It’s the most used platform in real estate in Queensland.
“Hutly is focussed on delighting Realworks customers. This seamless experience saves an agency time and money whilst helping the tenant, leading to a better outcome for all,” adds Jeremy Hastings, Founder & Chief Executive Officer of Hutly.
“The REIQ is delighted to welcome all of these utility connection partners and their agencies to One Touch Execution. Our ultimate goal is to make transacting real estate simpler in Queensland. OTE Utility Connection is an important first step in delivering tenants the execution experience they expect,” says Callaghan.