Dynamic Methods has issued its 10 millionth real estate form.

"It feels great," founder and CEO David Howell told The Real Estate Conversation. "We've got the real time counter on our web site and we weren't sure when we were going to get to it," he said. But the ticker finally clicked over to 10 million, and has kept ticking higher ever since.

Dynamic Methods is a custom software developer that specialises in real estate forms. The company owns the software platform that drives REI Forms Live, the online form portal used by the Real Estate Institutes around Australia (except Victoria).

"We have over 7,000 offices using the platform," said Howell, and "about 35,000 users."

Howell said he fell into the business that has so far experienced exponential growth.

"I do custom development, so back in 2009, the REISA needed some work done, which was completely unrelated to this," explained Howell. "I went in there and did that job and noticed that they were using an online platform for forms and agreements."

Howell said staff and management were complaining about the quality of the platform. 

Howell pitched a new concept to the REISA CEO, who liked the idea, but for various reasons couldn't proceed. "So I ended up in NSW pitching to (Real Estate Institute of New South Wales CEO) Tim McKibbin," said Howell. McKibbin took up the offer, and has been a keen supporter and promoter of the platform.

REI Forms Live "was quickly taken up by many of our member agencies in NSW," said McKibbin, and, "has doubled its user-base in the past two years, with REIQ, REIACT and REIT coming on board. 

“This world-leading technology is having a significant impact on our industry," he said, adding "the feedback from our members has been extremely positive."

"The creation of the 10 millionth agreement is a major milestone," said McKibbin.

Howell said the system is constantly developing. "We're continually improving the system. Because it's cloud based we're always pushing out updates."

Dynamic Methods has recently integrated the online signature software, DocuSign, into its forms. "We've recently released DocuSign integration into South Australia, and we're about to roll that out to the other states," said Howell.

Howell said the business is immune to property boom or busts. "At the end of the day, if houses aren't selling, they're generally being rented," he explained. "They still require forms and agreements, tenancy agreements, management agreements, leases and things like that, so it (the business) is fairly well balanced."

New forms are being created every day said Howell. "We know that the next 10 million are not going to take as long as the first 10 million, that's for sure," he said.

This article has been republished from a previous edition of The Real Estate Conversation.

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The new inspection

DocuSign demonstration: REISA