A real-estate lock box is a

padlock Padlocks are portable Lock (security device), locks with a shackle that may be passed through an opening (such as a chain, chain link, or hasp staple) to prevent wikt:use, use, theft, vandalism or harm. Naming and etymology The term '':wikt: ...

-shaped box that generally hangs around the

doorknob A door handle or doorknob is a handle used to open or close a door. Door handles can be found on all types of doors including: exterior doors of residential building, residential and commercial buildings, internal doors, cupboard doors and vehic ...

of a house that is on the

market Market is a term used to describe concepts such as: *Market (economics), system in which parties engage in transactions according to supply and demand *Market economy *Marketplace, a physical marketplace or public market *Marketing, the act of sat ...

. The device holds the keys to a house to allow common access for all

real estate agent Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and age ...

s, while continuing to keep them secure. Permission is generally required from the seller or the owner to install such a device on the door. Lock boxes can also be used for the general storage and security of keys for access by family members or other affiliated groups. Traditional real estate lock boxes are secured either with a physical key, a security code, or a swipe card, while newer wireless electronic versions may operate in tandem with mobile devices, incorporating logging and remote control or configuration. New technology allows for computer-generated codes to open a lockbox. When a buyer's agent requests to see a property, a computer program will send a one-time code to the agent for a single timed entry. This feature allows for maximum security, and is nearly the equivalent to changing the lock every time a customer leaves. Other locks may use

mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a smartphone, phone, tablet computer, tablet, or smartwatch, watch. Mobile applications often stand in contrast to desktop appli ...

s to grant access upon arrival of the customer.

References

Containers Locks (security device) Real estate Security technology {{Locksmithing

See also

References