SettlementRoom, an independent provider of real estate transaction management software, has entered into a new agreement with CRES Insurance Services. The company believes the agreement is the first of its kind.

Because CRES Insurance Services believes that users of SettlementRoom’s transaction management software will experience a lower loss rate than non-users, CRES has agreed to offer preferred E&O insurance prices to agents and brokers who use SettlementRoom.

According to Jonathan Cutler, President of SettlementRoom, “We have always believed that using SettlementRoom’s transaction management software was a great tool for mitigating a whole range of business risks and liabilities. Now one of the leading issuers of E&O insurance in the nation not only agrees with us, but is willing to pass some of that benefit back to our users. We always knew our users could make more money with our software–now we have the ability to save them on the cost side as well.”

SettlementRoom is Web-based transaction management software for the real estate industry, serving agents, brokers, multi-office agencies, title companies, lenders, and builders, with over 60,000 registered users nationwide. SettlementRoom has been in business for over six years, and is known for its ease of use and affordability.

For more information about SettlementRoom and its products, visit www.settlementroom.com or call (888) 661-6600.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.