Blockrails™ + the National Association of REALTORS®
Blockrails™ is the National Association of REALTORS® Official Provider of payment fraud protection services under the REALTOR Benefits® Program. Together, the Digital Innovation Group (a GA Telesis™ company) and the National Association of REALTORS® have cooperated to provide Blockrails™ as an exclusive product for REALTORS®. NAR members get the full Blockrails mobile and web application at special discounted pricing.
Streamline deal flow and future-proof yourself & your customers against fraud.
Blockrails™ is a new tool for REALTORS® to pre-screen prospects, help improve deal flow efficiency, and protect you and your homebuyers against payment fraud.
Pre-screen prospects who call in on listings by sending a secure text survey they can fill out for helping gauge buyer sentiment, financial position, and purchase timing, automatically tagging that prospect to a specific listing.
Enter your listings by address and keep track of which prospects are inquiring about which listings, and use your prospect pre-screen survey responses to filter serious buyers and save valuable time on who to engage.
Once you have secured a buyer and are ready to contract, securely invite all parties into the app to engage, where an earnest money deposit can be safely made, fully backed by our $1 Million Safe Payment Guarantee*.
Eliminate Paper Checks
Blockrails™ eliminates the need for paper checks with safe, secure, and guaranteed earnest money deposit methods.
Going beyond secure payments, Blockrails™ provides some of the most sophisticated fraud detection and protection technology available today.
REALTORS® also have unlimited monthly use with their Blockrails subscription.
Fraud Protection as a Benefit
Customers trust you in buying their homes. Give them another reason to tell others why they should do the same.
Using our patent-pending process, we collect, process, and verify identities, ensuring each party is validated against the possibility of fraud, while never storing any personally identifying information.
Safe Bank Integration
Blockrails™ uses Plaid™ for automated banking integration giving everyone peace of mind that account information is protected, compliant, safe, and secure.
Blockrails™ uses leading market provider Dwolla™ for all deposit payment transactions, ensuring a seamless, trusted, and federally compliant movement of cash between banks on every transaction.
Frequently Asked Questions
With an active subscription, REALTORS® also have access to new, upcoming features and benefits only available through the Blockrails™ platform, including expanded prospect and deal management tools, integrated live chat, e-sign, document storage services, and more.
With Blockrails™, REALTORS® can now (a) remove the risk of payment loss due to fraud, (b) raise reputation value, (c) eliminate paper checks, and (d) securely manage the earnest money deposit across multiple parties, all combined to protect REALTORS® while helping improve workflow efficiencies.
WHO CAN USE BLOCKRAILS™?
Blockrails™ is a new Member Benefit application for active REALTORS®. It is specially designed to help REALTORS® more efficiently manage deals, pre-screen prospects to save time, and protect against payment fraud. REALTORS® invite homebuyers and title/escrow agents into the app so they can safely interact and perform a secure earnest money deposit, giving REALTORS® full transparency on when payments take place.
EXPLAIN THE APP - HOW DOES IT WORK?
Blockrails™ has been designed with REALTORS® in mind.
First, register to enroll and access the Blockrails™ application. You will be automatically started on a 30-Day Free Trial, and will not be prompted to enter your payment information until the trial period expires.
Once in the app, you can verify or update your profile, and have access to begin using the following services and features.
Manage Your Deals
Our most basic feature is the REALTOR® Deal Tool. This is a simple place to keep track of your current listings (or deals). Input by address and home name you wish to assign. Here, you’ll be able to assign prospects and title/escrow agents for each deal, as well as automatically track who has paid their earnest money deposits.
After any prospect calls you from an MLS listing, you can open your Blockrails™ app, select the deal they called in on, enter their info, and click a button to send them a Blockrails™ Pre-screen Survey. The prospect will receive the survey and can click to enter their responses. Once done, their answers will automatically populate into your Blockrails™ app, displaying buying sentiment, financial position, and purchase timing. You can use these responses across to determine “at-a-glance” how hot or cold prospects are for timing your follow-ups.
Once your prospect becomes “final” and is ready to become the Homebuyer for a deal, open Blockrails™, select their name and click to send them a Blockrails™ Invitation. They will receive your invite, get securely validated, create a profile, and now enter Blockrails, and be able to see the name of the home listing you have assigned them to. Repeat this same procedure to the Title/Escrow agent for that deal. Once the Homebuyer and Title/Escrow are in Blockrails™, they can interact to perform a safe and secure earnest money deposit.
Once Title/Escrow notifies the Homebuyer to make a deposit, the REALTOR® is notified. There will also be automatic notifications once a deposit has been sent, and again once the payment has been deposited. This gives REALTORS® full transparency on payment at all times, making it more efficient to track when there are multiple deals being managed.
HOW DO I GET STARTED?
Click the button “30-Day Free Trial” and you will be directed to the Blockrails™ registration page to enroll. Please have your NAR Member ID handy as this will be required.
HOW MUCH DOES IT COST?
After a 30-Day Free Trial, NAR members receive access to the Blockrails™ mobile and web application at a specially discounted pricing of $5 monthly, or with an additional 20% discount when purchased annually at $50.
IS THIS A MOBILE APP?
Blockrails™ is a “progressive web app”, or an advanced application both web and mobile that does not require download from an app store. This means you never have to “update” your app and can be accessed 24/7/365 as long as you have cell phone connectivity or wi-fi access to your device.
HOW SECURE IS BLOCKRAILS™?
Blockrails™ takes security seriously and is our #1 concern in protecting everyone in a transaction from fraud. Blockrails™ is an AWS Cloud™-based application, hosted in a military-grade secure cloud environment.
Blockrails™ eliminates the vulnerability of email as a source of information, establishes identity best practices, harnesses the power of Artificial Intelligence to detect and identify fraud, and leverages blockchain technology to protect all parties in a secure transaction.
Blockrails™ security fraud protection is powered by FraudBlock™, our proprietary, and patent-pending fraud protection service, where identities, parties, and accounts are always verified.
At Blockrails™, we understand that having a fail-proof security posture to conduct business is a significant area of focus for REALTORS®. This is why, as an emerging technology company, we founded ourselves on the core principle of eliminating fraud.
With over 20 years of advanced technical skills and first-hand knowledge across our leadership team, we know what information security best practices look like, and bring these best practices to every member of the National Association of REALTORS®.
Please read more in our Blockrails™ Security Technology Report White Paper.
DO PAYMENTS IN BLOCKRAILS™ COST LESS THAN A WIRE?
Yes, when electing to use the Blockrails™ automated payment tool.
Title/Escrow will request a Homebuyer to make their earnest deposit in one of two ways.
AUTOMATED: Title/Escrow and the Homebuyer can automatically connect bank accounts through a secure encryption service within Blockrails to send/receive payments. No account information is shared or stored and an ACH payment is performed automatically at a maximum fee of $15 to the Homebuyer. This can be $10 – $20 lower in cost than a typical bank wire and can deposit same-day if timing requirements are met.
MANUAL: Title/Escrow can also manually share account information with a Homebuyer within Blockrails™ using our proprietary and secure blockchain account-info-sharing service. Special encryption is created for both the sender and receiver of account information within Blockrails, preventing access by anyone but the designated parties involved. Upon validation in Blockrails™, a Homebuyer can access the account info shared by Title/Escrow and may use that to manually perform a typical bank wire payment.
WHO OWNS BLOCKRAILS™?
Blockrails™ (and FraudBlock™) are owned by Digital Innovation Group Holdings, LLC (DIG”), a GA Telesis™ (“GAT”) company. GAT is headquartered in Fort Lauderdale, Florida, and is one of the world’s largest commercial aerospace firms with over $1.0 billion in assets under management. DIG is also located at GAT headquarters. DIG
WHERE IS BLOCKRAILS™ LOCATED, AND CAN I CALL?
Blockrails™ head office is physically headquartered in the US at 1850 NW 49th St., Ft. Lauderdale, FL 33309. Our business hours are 9:00am – 5:00pm Monday thru Friday except for legal holidays and can be reached by calling (954) 342-8888. Blockrails™ can be emailed at any time to email@example.com.
Get Started Today!
Enroll below or speak with a live Blockrails™ Rep to answer any questions, and let us help get you started.
As an active REALTOR®, you deserve full protection from fraudulent transactions, including our $1 Million Safe Payment Guarantee* on every transaction performed through Blockrails™.
Sign up and get started today and get access to unlimited monthly use of one of the most advanced and powerful tools available to increase trust and reputation value, and give you and your homebuyers the peace of mind you need and deserve in today’s changing world.