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A real-estate lock box is a
A real-estate lock box is a padlock
Padlocks are portable locks with a shackle that may be passed through an opening (such as a chain link, or hasp staple) to prevent use, theft, vandalism or harm.
Naming and etymology
The term '' padlock'' is from the late fifteenth century. ...
-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 and commercial buildings, internal doors, cupboard doors and vehicle doors. There are man ...
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
Geography
*Märket, an ...
. The device holds the keys to a house to allow communal access for all real estate agent
A real estate agent or real estate broker is a person who represents 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, who is 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 the use of familial access.
Traditional real estate lock boxes are secured either with a manual key, a security code, or a swipe card, while newer versions operate in tandem with mobile devices, incorporating logging and remote control and configuration.
Advances
New technology allows for computer generated codes to access the keys from a lockbox. When a buyers agent requests to see a property, a computer program will send a one time use code to the agent for a one time entry. This advancement allows for maximum security, and is nearly the equivalent to changing the lock every time a customer leaves. Other locks usemobile app
A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on d ...
s to grant access upon arrival of the customer.
See also
*Knox Box
A Knox Box is a small, wall-mounted safe that holds building keys for fire departments, emergency medical services, and sometimes police to retrieve in emergency situations. The term "Knox-Box" is a brand name for such products produced by the ...
—A type of lock box with a similar purpose used by firefighters
References
Containers Locks (security device) Real estate Security technology {{realestate-stub