Members of HAR’s Commercial Gateway System have access to thousands of sales transaction records.

HAR’s Commercial Information Exchange (CIE) Commercial Gateway has recently launched new tools to address one of the biggest challenges facing commercial brokers in Texas, access to confirmed sales prices and related transaction data.  Members of Commercial Gateway (CommGate) can search over 4000 researched sales transactions.  A “Price Point” system delivers member access to over 1,500 confirmed sales prices.

How the CommGate Price Point System Works (5-for-1)

Commercial brokers may confirm the sales price for any transaction in which their firm was involved.  For each sale price confirmed, the broker’s firm will be credited five (5) Price Points.  Each Price Point may be redeemed later for access to the confirmed sale price of another transaction.

Once a firm has used a Price Point to gain access to a sale price, every member of that firm will continue to have access to that information.  The firm will not have to use any additional points to access the same data.  In other words, the more data you enter into the system, the more data you get.

Commercial appraisers may also confirm the sale price for any transaction in which their firm was involved.  For each sale price they confirm with CommGate, their appraisal firm will be credited with five (5) Price Points.  The points awarded to an appraisal office work in the same manner as those awarded to a commercial real estate firm.

Other Transaction Search Tools

Along with the Price Point system, CommGate also provides a Grantor/Grantee Search and a Commercial Transaction Report feature.  The Grantor/Grantee Search allows CommGate members to retrieve public records such as Warranty Deeds and Deeds of Trust simply by entering the name of the Grantor or Grantee into the search screen.  The Grantor/Grantee Search also allows CommGate members to search public records by instrument type.

The Commercial Transaction Report feature also displays public records, but retrieves property details from the tax roll such as frontage description, land value, improved value, and total value.  The Commercial Transaction Report feature allows CommGate members to search by Parcel Identification Number (PIN) as well as by the document number filed with the county. These added search tools make CommGate one of the most useful Commercial Information Exchanges available.  Plus, these features have been added to the CommGate system at no additional charge.

For more information call CommGate’s help desk at 713-629-1900 ext. 363.