Chantilly, VA - October 25, 2002--- The Chicago Association of REALTORS® (CAR) has chosen GURU NETworks (GURUnet) to provide the power of online transaction management to its members. Using the new g3Direct(TM)  transaction management service, all participants in the transaction can view transaction information; communicate with one another via the web; review the on-line communications logs; store, view, or print final or partially complete transaction documents; and check the status of each step in the process over the web 24/7.  CAR selected this third generation version in order to provide REALTORS®, their customers and their service providers with enhanced access to the transaction. Since GURUnet provides fully secure access control, all participants see only the information and functions appropriate to their role in the transaction.

 

According to CAR's Deputy CEO, Bob Dougherty, "We are constantly striving to find products and services that enhance our value to our members and their customers. The evolution of transaction management products is something we have been watching closely. The new g3Direct(TM) offers the most functionality for the least cost, and GURUnet has a long
range vision for their product."

 

GURUnet's g3Direct(TM) represents an evolution from its previous versions of Transaction Management Network^(TM), that were based on the Synteleos Transaction Management Network(TM), which was first to market and has been continuously serving customers since 1999. Since purchasing the Synteleos TMN g2 version in May 2001, GURUnet has been constantly upgrading and providing new functionality. This new version provides a new technology base, with an upgrade path into the full g3Enterprise(TM) management solution, which includes additional features such as MLS
integration, personnel management, vendor management, corporate IMAP e-mail, and storage of ALL data in one consolidated database that serves all the participants in the transaction.

"We are happy to welcome the Chicago REALTORS® to our Reseller Network. We have worked closely with our customers to ensure our products are constantly upgraded with new functions and features that make the transactions cost less and please their customers, " says Ike Broaddus, CEO of GURUnet. "We look forward to working with other technically savvy Associations, Title Companies, Mortgage Companies, Transaction Management Providers and Brokers as we tailor our product to be more modular, giving each customer the opportunity to pick and choose the specific features and functions they require to meet their business needs."

GURUnet will be demonstrating all of its products at the NAR show in New Orleans and invites you to stop by booth 2147. Please go to http://www.gurunet.net for additional information.

About Chicago Association of REALTORS®
The Chicago Association of REALTORS® (CAR), "The Voice for Real Estate in Chicago" since 1883, represents nearly 10,000 real estate professionals who adhere to a strict Code of Ethics that govern their activities in all aspects of the real estate industry. CAR is governed by a voluntary Board of Directors, elected by the membership, who works in partnership with a professional administrative staff. CAR members abide by a strict REALTOR® Code of Ethics to protect the
consumer and increase the level of professionalism in the industry. CAR is the only REALTOR® organization that has a full-time lobbyist at City Hall. CAR member interests are represented not only before the Cook County Board, Illinois General Assembly and in Congress, but also in the Chicago City Council. As the "The Voice for Real Estate" in Chicago, CAR interacts daily on behalf of the real estate industry with the public, government officials and local media on all industry issues. CAR keeps its members on top of the industry by keeping them informed.

About GURU NETworks, Inc.
GURU NETworks, Inc is a software and services provider for the residential real estate industry providing a broad range of software solutions for real estate companies and organizations.  Its products range from an on-line transaction management system easily used by even the smallest brokerage, to comprehensive business solutions for large multi-office brokers and franchise organizations.  GURUnet's services also include the design and management of the company's communications
infrastructure.  All of GURUnet's products may be private labeled and are customizable to the Broker's look and feel.  GURUnet is an active member of AARTT ensuring that industry standards are implemented across all GURUnet's products.  GURUnet can be reached at www.gurunet.net, by e-mailing info@gurunet.net, or by calling 1-800-GURUnet. To request a demo on any of its products, contact guru@gurunet.net.