FAQ: What Triggers a Fee in LightBox Valuation?

Question:

What triggers a fee in LightBox Valuation?

Answer:

The following LightBox Valuation applications do not have an associated fee:

• RFP and Job Management: View and manage RFPs and Jobs received from PARCEL and RIMSCentral. Use the bulk uploader to upload Jobs created with your organization’s home-grown tools, making it easy to manage your entire Job pipeline in one place. View information about prior Jobs, property data, and more so you can bid smarter with the Bidding Intelligence module.
• CashFlow: Conduct discounted cash flow analysis quickly and seamlessly. Import spreadsheets and Argus files, easily create Property Level Valuation models, and manage your entire pipeline without leaving LightBox Valuation.
• Report Writer: Create professional appraisal reports. Find and manage comparables, track jobs, store contacts, and more. It is fully integrated with the entire Valuation platform: import Job and property data from the Jobs application, create the appraisal report, then send the final document to the client from the Job application.
• Insights: Insights aggregates data from almost 250,000 valuation assignments awarded per year through LightBox lender products. It provides the competitive benchmarking data and visualization tools needed to develop smarter RFP bidding strategies, improving win rates and boosting revenue

With the Research application, you can search for properties and export that data to Report Writer without triggering a fee.

Research has two fee triggers:

• When research is started on a Project.
• When a request for REIS add-on data is submitted.

Starting a Project in Research

A fee is triggered when research is started on a Project. To begin research, click on the blue Project Name link in the LightBox Research application.

Click Start Research to begin the research process. The fee is triggered at that point.

REIS Data Request

The Research application includes an optional subscription service: REIS market analytics data, provided by Moody Analytics. The REIS add-on subscription is enabled at the organization level. For more information or to subscribe, contact valuationsupport@lightboxre.com

In the Market section of the Research application, REIS add-on subscribers have the option, but not the requirement, to add REIS market analytics data to every Project. Upon doing so, a pop-up appears and requests confirmation.

Click OK to accept the fee and proceed.

For more information about REIS and the Market section of the Research application, please refer to the Market documentation page.