Latest Articles

2010-05-21 19:50:39

Using Electronic Signatures in Real Estate

More and more realtors are completing real estate transactions using electronic signatures. Not surprisingly, these realtors do not miss chasing faxes or maintaining large files of paperwork. These realtors are finding also that real estate moves faster in the digital world, and clients are impressed with the speed and ease with which the transactions occur.

So how does it work? In cases where the clients are at a distance, like at home or traveling for example while the realtor is at their office or on the road, the realtor can use a web-based electronic signature software to setup a document for electronic signatures. The program will automatically send the client an email with a secure link to the documents with the areas they need to sign highlighted.
The client will identify themselves, agree to a disclosure and consent to sign electronically and click to sign the document over the Internet. As soon as the clients complete signing, all parties are notified with copies attached for their records. The electronic signature  captured by this method is legally binding in a real estate or other business transaction, so the process moves forward the same as it would have had the client and realtor met for an in-person signing. Obviously, not having that meeting saved everyone a great deal of time. eSignOnline is one such method of web-based programs to capture electronic signatures within minutes.

Now, if the clients are present, and the Realtor has chosen to use a tablet PC  with Real Estate Dashboard they can have the clients sign the documents right there on the computer screen.  This is called a “wet” electronic signature, because it is the first instance of the clients hand-written or biometric signature on the document. Using a special technology, these electronic signatures are bound to documents in such a way that they cannot be altered or removed (only crossed out, just like with pen and paper).
The result is a simulation of the traditional signing but without printing the documents. In real estate, getting an electronic signature is obviously the fastest option and can mean the difference between getting the home or not. The documents can be faxed  or emailed immediately in the Real Estate Dashboard program via the Internet from the PC right after they are signed. Open escrow immediately!
Check out all that GoPaperless has to offer go to their Website or visit their RealTown Group for a special offer – Sign up now for a free account or trial software. No credit card required. PLUS 1 month’s free service on any premium plans. Just say “Give me the RealTown special”.
Check out the new GoPaperless Blog on RealTown or visit the RealTown Store for additional details. For more information, contact Prabakar Mahalingam.

Related Post

Industry, Education

Negotiating Tip 114: Retreat Negotiations

March 29, 2019

Industry, Education

Negotiating Tip 113: Activating Our Opponent

March 28, 2019

Industry, Education

Negotiating Tip 112: Misconceptions

March 27, 2019

2021 Real Town The Real Estate Network