
The REALTOR® Lockbox
The REALTOR® Lockbox Owner’s Guide
Owner’s Guide •
18
•
If your Association uses
NXT
series lockboxes with firmware version 22.22 or greater, an
Agent's team members can borrow their lockboxes. When an Agent borrows a lockbox, it
uses their codes and settings. For more information, see "
How to Borrow a Lockbox
"
on page 42. To find out what series and firmware version the lockboxes in your
Association use, see "
How to Determine Your Lockbox Series and Firmware
version
" on page 20.
•
The Association lockbox ownership model does not use Broker Sharing. For information
about Broker Sharing, see "
Broker Sharing
" on page 19.
Broker
•
Brokers purchase lockboxes from the Association.
•
Brokers maintain ownership of lockboxes. The Agent's use the lockboxes.
•
The Association distributes lockboxes to Brokers.
•
Brokers can transfer ownership of lockboxes.
•
If your Association uses lockboxes with firmware version 22.22 or greater, Agents can
borrow their Broker's lockboxes. When an Agent borrows a lockbox, it uses their codes
and settings. For more information see "
How to Borrow a Lockbox
" on page 42. To
find out what series and firmware version the lockboxes in your Association use, see
"
How to Determine Your Lockbox Series and Firmware version
" on page 20.
•
The Broker lockbox ownership model uses Broker Sharing. For information about Broker
Sharing, see "
Broker Sharing
" on page 19.
Broker/Agent
•
Brokers purchase lockboxes from the Association for use by their Agents. Agents can
also purchase lockboxes from the Association.
•
Brokers may purchase lockboxes and sell them to their Agents.
•
Brokers can transfer ownership of the lockboxes they own. Brokers often transfer
ownership to their Agents.
•
Agents can transfer ownership of the lockboxes they own.
•
Agents can use their lockboxes or their broker's lockboxes.
•
If your Association uses NXT series lockboxes with firmware version 22.22 or greater,
Agents can borrow their Broker's lockboxes. When an Agent borrows a lockbox, it uses
the Agent's codes and settings. For more information, see "
How to Borrow a Lockbox
"
on page 42. To find out what series and firmware version the lockboxes in your