Brian Sharp, Residential real estate broker. CRS. C2EX endorsed (Sharp Realty)

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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I have not taken any training from either of the companies you mention. 

That is not something I am interested in for my real estate business. 

I wish you all the best with this. 

Jan 30, 2023 07:31 AM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have not taken any training on this.  It's not something that I see becoming mainstream enough in real estate to be of concern.  The transaction process is working perfectly as it is and as they say "if it ain't broke, don't fix it."

Jan 30, 2023 09:00 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I suspect that all of these fake money schemes are only temporary and I stay away from them.

Jan 30, 2023 08:45 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

If their FB page went dark, I'd wonder if they were still around. Never heard of either.

Jan 30, 2023 08:42 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

I have no interest in blockchain training.

Jan 30, 2023 08:37 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Brian, I really don't know anything about crypto or blockchain.

Jan 30, 2023 06:25 AM
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Interesting question and I realistically had to to do some research on this subject.  so I guess i learned something today.  thanks

Jan 30, 2023 05:22 AM
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor"

I have NO Trust or Faith in any of those types of currency, hake I still don't Trust our own U.S. currency! LOL

Jan 30, 2023 09:21 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

I believe that blockchain technology holds a lot of promise for many uses.  I think it is here to stay.  I don't know who the winners will be in the new technology, but I have been to a presentation by two agents that utilize Propy and I even have some of their cryptocurrency.  I have not taken any of their training, so I do not know if it is good or not.  Good luck!  I would love to hear about your experiences if you move forward on your training.

Jan 30, 2023 11:17 AM
Brian Sharp
Sharp Realty - Brentwood, CA
Residential real estate broker. CRS. C2EX endorsed

Just thought I would clarify that I am asking about training on "Blockchain for real estate" where the ownership transfer takes place on the Blockchain in conjunction with recording the traditional documents with the relevant local entity (County Recorder, etc.). I am NOT asking about Cryptocurrency. 😄

Jan 31, 2023 07:44 AM
Jerry Lucas
ABC Legal Docs LLC - Colorado Springs, CO
Notary Training, Consulting. Colorado Springs, CO

I use blockchain technology for my small business, but I do not invest in any crypto currencies or NFTs.

I use the WordProof plugin on my WordPress website to permanently record the hash values of all of my website and blog content to show provenance for copyright protection.

I was a software beta tester for WordProof, based in Amsterdam, and discovered a few bugs and improvements that were fixed.

I also do cybersecurity audits of my website and record the verifiable security audit results on my About Us web page which is then recorded on the blockchain using WordProof.

I think real estate closings on the blockchain are just a gimmick at this stage, a tiny niche for early adopter crypto enthusiasts.  The overinflated bubble of "get rich quick" hype in the crypto markets has crashed, so there are a lot fewer enthusiasts around these days.

And, too many users did not practice common sense and strong cybersecurity and lost their crypto assets to hackers.

Read the terms and conditions carefully.  I noticed it says the services are only available in about half of the states, the technology is experimental, you accept the risk of an entire loss of your assets, and they are not liable for your losses. Use at your own risk.

I would wait until the technology matures, title companies and lenders use blockchain services routinely,  and county recorders use blockchain for recording transactions.

New state laws and court rules of procedure must be passed to accept blockchain records as an admissible form of legal evidence.

The law needs to catch up with blockchain technology.

The Colorado Governor wrote an executive order for Colorado government agencies to begin transitioning to blockchain recordkeeping, but it will take time for the transition.

Blockchain distributed ledger technology has some great uses for asset tracking, supply chain, recordkeeping, digital identity, diplomas, decentralized email, and more, but decentralized finance (defi) is at an early stage of development, not ready for prime time mainstream use.

If you are a crypto currency investor, keep it quiet. Don't mention it online. Hackers look for targets.  Too many users have weak security on their online accounts or fall victim to an email phishing attack or fake website.  Always use long strong random unique passwords and two factor authentication (2FA).

Before sending a large amount of crypto funds, do a small test transaction to confirm it is received by the correct party.  A typo can send the funds to the wrong unknown party, with no way to recover the funds.

Jan 30, 2023 03:26 PM