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Frequently Asked Questions

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Frequently Asked Questions: Lone Wolf Acquisition of zipLogix™

 

Why has zipLogix™ been sold?

C.A.R. is the founder, majority owner and managing entity of zipLogix™.  zipLogix™ was created more than 20 years ago as a partnership between C.A.R., NAR and realtor.com. Over the years, as the product line was expanded and enhanced, zipLogix™ has generated substantial profits for C.A.R., NAR, and its other shareholders.

Today, however, we are in an entirely different and significantly more competitive environment with respect to real estate forms and transaction platforms.

As trade associations, C.A.R. and NAR are competing with many well-funded entities. Consequently, it was determined to be in the best interests of our members that we sell zipLogix™ and its suite of products to an entity whose strategic vision closely aligns with ours, and who will invest appropriately in the future success of this platform.

 

Who acquired zipLogix™?

Lone Wolf Technologies, a leading provider of residential real estate software. The company offers an ecosystem of technology products designed to streamline the entire transaction process.

 

Why did you choose Lone Wolf?

There is great synergy between Lone Wolf’s tech ecosystem and the suite of products offered by zipLogix™. Together, these entities share a common mission to reduce costs for brokerages and REALTOR® members, increase operational efficiencies, and enhance opportunities for member profitability.

Lone Wolf shares our vision of protecting REALTORS®’ interests, making it the right strategic partner at the right time. Like C.A.R. and NAR, Lone Wolf has a reputation and track record of keeping REALTORS® at the center of the transaction.

 

How have REALTORS® benefitted from C.A.R.’s ownership of zipLogix™?

C.A.R. has been at the forefront of creating electronic forms and esignature solutions for more than 20 years.

The value created by C.A.R.’s stewardship of zipLogix™ has subsidized the Association’s operations, resulting in no dues increases for our members since 2002. The proceeds from the sale of zipLogix™ will be directed to C.A.R.'s general fund.

C.A.R. also has been instrumental in helping other REALTOR® association shareholders significantly grow their investments.

How will this acquisition affect my transactions?

It won’t. This acquisition will not affect your transactions in any way. zipForm® remains the same valuable member benefit for all C.A.R. members. C.A.R. has guaranteed access to C.A.R.’s Standard Forms through zipForm®, transaction management software, and digital signatures through 2023. We have always provided our members with the leading software to deliver our REALTOR®-developed forms and will continue to do so. C.A.R. remains the owner of the forms and has the ability to select one or more software vendors in the future.


What’s going to happen to my data?

Currently, zipLogix™’s privacy policy and terms of use protects your data.

 

Will C.A.R.’s Standard Forms be affected in any way?

No. C.A.R. retains ownership of its Standard Forms and continues to stand behind these forms under the User Protection Agreement if members use the most up-to-date versions. The C.A.R. Standard Forms in zipForm® are ALWAYS the most up to date and current versions. 

 

Will C.A.R. continue to provide support for zipForm®?

Yes. As always, C.A.R. members will continue to receive free customer service support and training from C.A.R.

 

Who can I call if I have further questions?

As always, if you have questions about your zipForm® software, please call C.A.R.’s Customer Contact Center at (213) 739-8272 or the zipLogix™ HELP DESK at
(586) 840-0140.

 

 

 


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