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REE.com - where the real estate investor market is always hot. With real estate credit virtually non-existent, facilitating a direct 1031 exchange between property owners is a great alternative. REE.com is the oldest, most trusted, and fastest-growing online exchange website for the trading or property swap of commercial real estate properties.


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 Real Estate Exchange.com "Creates First of a Kind "

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Yahoo! Finance

Published September 21,2000

SANTA BARBARA, Calif., Sept. 21 /PRNewswire/ -- Real Estate Exchange.com is enthusiastic to announce the grand opening of their website, http://www.ree.com/ , to all parties participating in the real exchange industry. Not simply a properties listing site, REE.com was specifically designed for principals and agents with properties for exchange, to automatically structure real estate transactions and directly submit e-mail offers online.

President and creator, Steve Wright, with more than 10 years experience in the exchange field, wanted an online workplace that would benefit all who work with exchange properties. His commitment to an effective, service-oriented, online business is evident in the professional appearance and functionality of the site.

 An Online Marketing Meeting where you can actually Submit Offers
"We provide principals and agents with a free, working environment that ensures an accurate and efficient way to locate exchange properties nationwide," said Wright. "The website performs in such a way that allows the user to actually structure real estate transactions, balance equities and submit offers online. Phase 1 has received a tremendous response and has surpassed what we intended."

Each user of REE.com receives a personal desktop where their property records can be maintained. From the personal desktop a key feature allows users to track real estate offers they have received, offers they have sent and offers they're working on.

REE.com's strength is its search feature, which provides an efficient and accurate way of doing multiple searches for a two, three and four way exchanges to be submitted to all parties via e-mail. This automatic matching feature sets REE.com apart from other real estate websites.

"Ree.com has created a website that works like software," said Will Hansen, Will Hansen Realty, who discovered REE.com in its first few days of operation. "It provides an easier way to conduct transactions by running searches, balancing equities and submitting offers. They are ahead of the pack with this and it's free."

Headquartered in Santa Barbara, Calif., REE.com offers support in a variety of ways to orient the new user to the website: phone, online demonstration and live chat are available. As a start-up, they will assist the new user in placing their properties online. Wright also provides a dynamic demonstration to groups interested in learning how www.ree.com will help close more escrows.

CONTACT: Steve Wright of Real Estate Exchange, 800-250-7656, email, sw@ree.com.

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Copyright 2000 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Posted: 11/6/2000 6:32:47 PM

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