AmeriNet Financial Systems launches Real Estate Broker Cooperative and Home Owner Buying Club.ONTARIO, Calif.--(BUSINESS WIRE)--Sept. 5, 1996-- Unique cooperative arrangement helps brokers increase revenues, reduce operating costs operating costs npl → gastos mpl operacionales ; Buying Club offers discounts to home buyers AmeriNet Financial Systems Inc. (OTC-BB: ANFS), which provides a network of services to help real estate brokers increase profitability while making the purchase of real estate easier and less expensive for consumers, today announced that it has formed the Real Estate Professionals Cooperative (REPCO), a national cooperative to be owned by member real estate brokers and managed by AmeriNet. REPCO, the first cooperative to be formed in the real estate and mortgage lending industries, will reduce brokers' costs through group buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and offer them a source of additional revenue. AmeriNet also announced that it has established the HomeOwner Buying Club (HOBC HOBC High Octane Blending Component HOBC High Output Ballast Cleaner (railway) ) to offer discounts on products and services for home owners home owner home n → propriétaire occupant . HOBC uses group purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. to reduce fees for mortgages and other real estate settlement services. These products and services will be provided to HOBC members electronically through AmeriNet HomeOwner Centers, located in real estate offices at the point-of-sale. "Brokers are the backbone of the residential real estate business, but for years they have had their profits reduced by increased expenses," said John J. Pembroke, AmeriNet's chairman and chief executive officer. "REPCO helps solve these problems by addressing both the cost and revenue structure of the broker's business. Just as cooperatives have historically increased the profitability of farmers and small businesses through group purchasing, REPCO can reduce the broker's costs by offering discounts on office equipment and business services. REPCO will also provide back office services to increase brokers' efficiency and can even help them plan for their retirement or the sale of their business." The AmeriNet HomeOwner Center is structured to comply with the latest guidelines under RESPA RESPA Real Estate Settlement Procedure Act (the Real Estate Settlement Procedures Act The Real Estate Settlement Procedures Act, (known as "RESPA"), was an Act passed by the United States Congress in 1974. It is codified at Title 12, Chapter 27 of the United States Code, 12 U.S.C. 2601-2617. ) and will be a new source of revenue available to real estate brokers who join REPCO. Pembroke commented, "AmeriNet and the broker will be joint venture partners in operating the HomeOwner Center. This creates the opportunity for the real estate broker to receive compensation for marketing and providing mortgage and other settlement-related services." In AmeriNet HomeOwner Centers, Customer Service Representatives (CSRs) use an advanced computer/videoconferencing network to link customers with Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Representatives (FSRs) at AmeriNet's National Transaction Center in Denver. "AmeriNet provides customers with timely, unbiased information and objective advice about all of the products and services marketed on the System, from mortgages to moving companies," Pembroke stated. "The HomeOwner Center is more than high technology. Through our CSRs and FSRs, we provide our customers a level of personal `high touch' contact that cannot be duplicated by the Internet or any other electronic network." With REPCO and the HOBC, AmeriNet is reinventing how residential real estate is bought and sold. AmeriNet will use the Real Estate Television Network (RETN RETN Real Time Network RETN Return from Nmi ), which the company recently agreed to purchase from Jones Naughton Entertainment Inc. to integrated REPCO and the HOBC into the AmeriNet System. RETN is a satellite network with digital capability that can transmit video, audio and data throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe, 24 hours a day. "RETN will enable us to alert consumers and real estate professionals alike to new products, new trends, and any other information that helps make purchasing a home easier and less expensive," Pembroke said. "The RETN transaction is the latest example of AmeriNet's strategy -- which we will continue to pursue -- of developing our business by making acquisitions and forming strategic alliances." RETN's current programming is heavily oriented toward training, continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). , motivation, management and sales skills for real estate brokers and agents. This will be expanded to include infomercials, financial and technical seminars, and "how-to-do-it" features of interest to consumers. New programming will also describe the benefits of REPCO, the HOBC, and the AmeriNet System in addition to producing advertising for the providers of products and services available. AmeriNet's HomeOwner Centers, which are located in real estate offices, provide point-of-sale access to unbiased, vendor-neutral information about mortgages and a wide range of real estate-related services. The AmeriNet System is currently operating in 35 real estate offices in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and the Pacific Northwest. The company anticipates expanding into at least 100 offices by year-end. CONTACT: MWW/Strategic Communications, Inc. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most - 201/507-9500 Media: Rob Swadosh (rswadosh@mww.com) Lisa Baney (lbaney@mww.com) Investors: Ron Stack (rstack@mww.com) Rich Tauberman (rtauberm@mww.com) or AmeriNet Financial Systems, Inc. Monte Helme, 909/481-7800 ext. 273 |
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