Want to see an overview?

Watch this video to see a full transaction before going through the guide or jump right into the guide.

Agent Guide

Starting your first transaction

When you are ready to start your transaction, click on the top menu option “Start Transaction”.

The deal begins with the “Initial Setup” step. Here, we can name the deal, set up the final price and deposit payment amount, as well as the location of the property. During this phase, we also invite everyone that we would like to take part in the deal.

In this example, we are inviting the Title Company and the Buyer. The only mandatory party is the Title Company, but you can invite as many participants as you want.

Keep in mind this guide is just a suggestion on how you can go about the deal. Once the title company has accepted your invite, you can shuffle between each step if you find that you have other documents prepared before others.

Uploading your first document

Once all parties are invited and the title company has logged onto the platform, it’s time to send out the Purchase Agreement. On your right, you have access to the document Storage. There are two sections there:

– User documents are available to be used in all of your deals and can only be accessed by you.

– Deal documents are specific documents used in the deal and are accessible by participants. Depending on their role, your invitees will have access to different documents.

In this example, we will grab the Purchase Agreement document from the user documents. Before finishing the upload you will be asked if you would like to apply e-signature spots. If the document is signed we can continue, otherwise, you will now get a screen prompt for setting the signature spots. Make sure to add all the necessary fields.

After we upload the last couple of documents, you will be able to complete your deal.

Uploading the rest of the deal documents

Let’s go on to the Disclosure phase of the deal. Because we need signatures here, we will be redirected to the e-signature tool. Make sure to include all necessary fields.

And we are done! We now just have to wait for the title company and buyer to finish their respective parts.

Title Company Guide

Picking the payment method

Propy creates an account for each party automatically and gives them instructions on how to continue. In order for a deal to continue to the next steps, you as a Title Company must first accept the invitation.

Above you will see the blockchain address and QR code, this must be included in the final deed document of the deal.

You can now pick the payment method. We offer Wire Transfers through the platform or you can choose to do it offline.

All parties at this stage will get any notifications if there are any documents that need to be signed.

Uploading the Deposit Payment, Title Report, and Closing Statement documents

Now it’s time to upload the Deposit Payment document. On your right, you have access to the document Storage. There are two sections there:

– User documents are available to be used in all of your deals and can only be accessed by you.

– Deal documents are specific documents used in the deal and are accessible by participants. Depending on their role, your invitees will have access to different documents.

In this example, we are grabbing the Deposit Payment document from our User Documents.

Afterward, we can move on to the Title Report stage. In this example, we will upload the Title Report from the User Documents.

Before completing the document upload you will be asked if you would like to apply e-signature spots. If the document is signed we can continue, otherwise, you will now get a screen prompt for setting the signature spots. Make sure to add all the necessary fields.

Finally, we will upload the Closing Statements. In this example, we will skip the one for the seller. We will then upload the Buyer Closing Statement.

Uploading the Payment and Recorded Deed documents

For the payment stage, we are uploading the bank receipt from our User Documents storage.

To finish the deal we need to upload the Recorded Deed. Make sure to have the QR code and the blockchain address in the Deed as shown in the example below:

Congratulations! This concludes the transaction.

Buyer Guide

Signing all of the documents

Once invited by your agent, you can log in and sign all of the documents in the deal. You will have received an email and in-system notification, as well.

Once you are done the agent will receive a notification as well. The platform will then mark the completed steps in green.