TrueTerms is a terms transmission platform that simplifies the process for agents and clients to submit, review, counter and accept real estate offer terms. It is designed to be a lightweight, mobile-first solution that allows agents to quickly test interest in a property without extensive paperwork.

A licensed agent can share a TrueTerms link for an active listing with their clients. The client can then use the TrueTerms Offer Modal, which is accessible from any device, to propose key deal terms for a property.

TrueTerms focuses on the essential deal points of an offer, such as price, timing, and contingencies. The platform features e-signature at the acceptance stage and provides push notifications for counters and acceptances. Sellers have the option to release the ranking or positioning of offers without disclosing confidential details.

Once terms are accepted, they are transmitted to a Property Transaction Agreement, which is executed by all parties. At that time, the listing agent and buyer's agent agree to execute a state-specific Purchase and Sale Agreement and any additional forms.

TrueTerms does not replace the MLS process but works alongside it. Unlike platforms that require MLS integration and form libraries, TrueTerms is a lean solution that is fully cross-state because it doesn't need forms licensing.

The Terms Sheet is a standardized, two-page agreement that includes key variables of a deal. It is a legally binding commitment for all parties to produce a full state-specific Purchase and Sale Agreement (PSA) within 48 hours.

Agents are responsible for maintaining the security and confidentiality of all account credentials and user data. The platform is built with a focus on privacy, as offer terms are private and only the seller is notified.

TrueTerms simplifies offers down to the essential terms sheet and does not handle disclosures, inspections, or other contingencies. The platform's Terms Sheet is a binding agreement to deliver a formal contract, but it is not the PSA itself.

TrueTerms Offer Modal is a user-friendly method for buyer agents to communicate their terms to the seller. Instead of filling out a 10+ page contract, simply add the key deal points you’re willing to offer in the Offer Modal and share those key deal points with the seller.

No, you cannot submit offers without a licensed agent. To ensure the legitimacy of every offer, TrueTerms requires that all submissions come through a licensed agent who shares an exclusive link with their client.

Once the "Terms Sheet" is executed, it becomes a legally binding commitment for all parties to produce a full, state-specific Purchase and Sale Agreement (PSA) within 48 hours. This process helps to prevent unserious offers and maintain a clear, efficient transaction.

Limited Transparency allows the seller to release a ranking of offers when there is more than one. If the seller and listing agent choose to enable this feature, the buyer and buyer's agent can see how their offer ranks in three key categories:

1. Price: A ranking based on the highest offer price.

2. Timing: A ranking that shows which offer is closest to the seller's preferred timeline.

3. Security: A ranking that considers all contingencies, such as inspection, financing, and appraisal, as well as other factors.

Before sharing the rankings, the listing agent prioritizes the most important terms for the home. As offers are submitted, they are given a numerical rank in each of the three categories. This provides increased transparency for buyers while still giving the seller the ability to prioritize what is most important to them.

TrueTerms is currently focused on the Southeastern US states (Tennessee, Georgia, North Carolina, South Carolina & Florida). Given that TrueTerms is a Terms Transmission Platform, we can open up in your market as well, we just need to hear from you and our team will get back with you to provide next steps.