Trending...
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- MAJOR New release of Krypto500 (ELF-HF) Sigint - COMINT software
- Lyricalmar Set To Release Powerful New Ep "MARCHIVES" May 16
Launching in 2025, the NRECC will do for real estate, what the DTCC does for securities.
ORLANDO, Fla. - PrAtlas -- The National Real Estate Clearing Corporation - NRECC – will serve as the premier real estate infrastructure in the industry, advancing the automation, centralization, efficiency, standardization and simplification of processes critical to the safety and soundness of real estate transactions. Its functions for real estate can be collectively assimilated to those of the DTCC, a transfer agent and a clearing house for securities.
The NRECC will establish a uniform transactional hub for all U.S. real estate; specifically, the residential market, estimated at $49.7 trillion, as well as, the commercial real estate market, estimated at $22.5 trillion.
Similar to the daily functions of the DTCC for securities, the NRECC will make-up and fill-in the time and functional gaps in real estate transactions by providing a streamlined settlement process for purchases, sales, exchanges, liens, pledges, hypothecations and other styled real estate dealings. As a result of this facility, the standard real estate transaction will become a same-day operation, thereby, providing the equivalent liquidity to real estate as enjoyed by securities such as stocks and bonds.
More on PrAtlas
For the consumer, along with many other direct and indirect benefits, the NRECC will shave-off billions of dollars in real estate transactional costs resulting in lowered home pricing and greater affordability.
The NRECC was established to modernize real estate transactions, reduce costs and bring cash-liquidity to an asset-class typically associated with numerous expenses, volumes of paperwork, time-consuming processes and a market available to a select few. Its focus is to drive positive change and to leverage its unique market position to further anticipate the real estate market's future needs and respond with solutions that lower costs, improve efficiency and bring stability and certainty to the industry served.
Additionally, the centralized clearing and processing by the NRECC will mitigate fraud, increase transparency, enhance performance and drive efficiency for millions of property owners, agents and brokers, lenders, lien holders, banks, insurance companies, REITS, investors and many others.
More on PrAtlas
For more information regarding the NRECC including membership and participation, please contact the NRECC at info@NRECC.net / www.NRECC.net.
The NRECC will establish a uniform transactional hub for all U.S. real estate; specifically, the residential market, estimated at $49.7 trillion, as well as, the commercial real estate market, estimated at $22.5 trillion.
Similar to the daily functions of the DTCC for securities, the NRECC will make-up and fill-in the time and functional gaps in real estate transactions by providing a streamlined settlement process for purchases, sales, exchanges, liens, pledges, hypothecations and other styled real estate dealings. As a result of this facility, the standard real estate transaction will become a same-day operation, thereby, providing the equivalent liquidity to real estate as enjoyed by securities such as stocks and bonds.
More on PrAtlas
- Clinical Endpoints Successfully Met in Study for Groundbreaking 12-Lead ECG Synthesis Technology Allowing Software Application to FDA: HeartBeam, Inc
- Boston Industrial Solutions, Inc. Unveils Natron® 504N UV LED Inks Designed for EPSON Printheads
- Kavelle Christie: Trump's First 100 Days Mark Alarming Breakdown in Healthcare, Public Health, and Freedoms
- OpenSSL Technical Advisory Committee Elections Now Open – Cast Your Vote
- Axiros Confirms Continued Compliance with ISO/IEC 27001:2022 After Surveillance Audit
For the consumer, along with many other direct and indirect benefits, the NRECC will shave-off billions of dollars in real estate transactional costs resulting in lowered home pricing and greater affordability.
The NRECC was established to modernize real estate transactions, reduce costs and bring cash-liquidity to an asset-class typically associated with numerous expenses, volumes of paperwork, time-consuming processes and a market available to a select few. Its focus is to drive positive change and to leverage its unique market position to further anticipate the real estate market's future needs and respond with solutions that lower costs, improve efficiency and bring stability and certainty to the industry served.
Additionally, the centralized clearing and processing by the NRECC will mitigate fraud, increase transparency, enhance performance and drive efficiency for millions of property owners, agents and brokers, lenders, lien holders, banks, insurance companies, REITS, investors and many others.
More on PrAtlas
- Twitter's Buzzing! What's the Deal with PhotoG, the AI Everyone's Talking About?
- New WHO Mental Health Guidelines Condemn Coercive Psychiatry
- Keenan's Caring Konnections, LLC
- Celebrate Children's Day in Tochigi City!
- Mensa identifies best board games of 2025
For more information regarding the NRECC including membership and participation, please contact the NRECC at info@NRECC.net / www.NRECC.net.
Media Contact
Ryan Bates, Media Director
The National Real Estate Clearing Corporation (NRECC)
info@nrecc.net
Ryan Bates, Media Director
The National Real Estate Clearing Corporation (NRECC)
info@nrecc.net
Source: NRECC - National Real Estate Clearing Corporation
0 Comments
Latest on PrAtlas
- The World's No.1 Superstar™ Walks Where Legends Rest: A Sacred Encounter in Rome Before the Pope's Passing
- Coming Up on "Financial Freedom with Tom Hegna" Financial Expert Parker Faulkner
- Tobu Railway Announces a Price Revision on the "NIKKO PASS All Area" and "NIKKO PASS World Heritage Area," from April 20, 2025
- Kemeny, Ramp & Renaud, LLC Welcomes Prominent Trusts and Estates Attorney Gary B. Cornick to Its Firm
- SutheDermal.com Launches: Revolutionizing Comfort in Self-Injection Therapies
- Local Commitment, National Expansion
- S2C and Andes Technology Announce FPGA-Based Prototyping Partnership to Accelerate Advanced RISC-V SoC Development
- CCHR Florida to Host a Veteran Advocates Networking Event
- Students Celebrate Earth Month and Learn About the Lifecycle of Trees
- Electives Appoints DraftKings' CPO Linda Aiello to Board Amid Record Quarter
- Blue Ocean Business School's Deputy Dean Delivers Keynote Address at India Blockchain Summit
- AdvisorVault's Consolidated 17a-4 D3P Service® Full Feature Set Available
- Most Common Car Accidents In America
- Co-Creating the Future of ePaper: ZKONG and E Ink at Touch Taiwan 2025
- New York Times Exposé Vindicates CCHR: ADHD Isn't Biological, Says Watchdog
- HISTORIC FIRST The First Belief System In Human History To Formally Enshrine The Innate Divinity Of The Infant As Civilization's Central Moral Axis
- Stuck in Place? Why Homeowners Are Building Up Instead of Moving Out
- Crafting the Sound of VS Pop™: The Vision of CR Srikanth
- Boston Industrial Solutions, Inc., introduces Rubber and Foam Printing Ink
- FeelWise to Exhibit at ATD 2025 International Conference & EXPO in Washington, DC