Electronic Signature

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Group Organizer
Apr 1, 2008 9:58:17 AM

These days there are two ways to accomplish an electronic signature.

Technology has been in existence for a few years whereby a software application residing on a computer provides the ability to create a unique and encrypted electronic "representation" of a person's signature complete with a date/time stamp. The electronic representation of the person's signature is made as a component part of the electronic document the person is signing. It is secure, it belongs to and is irrevocably represented as being the person's electronic "mark". Adobe Acrobat has this technology built in now. I have worked with electronic medical record software where a physician's electronic signature is affixed to a medical record entry electronically in this manner.

We now have technology available today where a person can actually and literally affix their signature to a document using their natural handwriting albeit in electronic form. The technical computer term for it is "inking". Once a person signs a document (most commonly an Adobe PDF document) and the document is securely saved, the overlayed "inked" signature is rastorized (melded) in to the document and becomes a permanent part of the document.

And thus we have electronic signature.......two ways of accomplishing.

David A. Gibbs, Broker Associate, ABR, E-PRO
RE/MAX Professionals, Inc.
Gainesville, Florida
Cell: 352.318.0811 Fax:888.520.6888 Office: 352.375.1002
http://www.Your-RealEstatePro.com
 
ABR       Accredited Buyer Representative
E-PRO   Certified Internet Real Estate Professional

Residential - Land - Investment

SKYPE
me at dave.gibbs.florida.usa and be sure to let me know you are from RealTown.
 
I am never too busy for your North Central Florida real estate referral 

 

Group Member
Apr 28, 2008 9:18:16 AM

Sounds good but how would I get a buyer in another state, for instance, to electronically sign and return the contracts I have sent them?

Thanks,

Diane

Group Organizer
Apr 28, 2008 9:37:38 AM

Sounds good but how would I get a buyer in another state, for instance, to electronically sign and return the contracts I have sent them?

>They would have to be sent the documents electronically (preferrably) where the docs would be printed and signed and then scanned back as an email attachment or faxed to an electronic fax solution (on your end).

>If the out of town customer is still very rudimentary, the docs could be Fed/Ex'ed as hard copy and signed and returned conventionally via return overnight There is assistance these days for rudimentary customers. They can go to their banks many times or an attorney's office or whatever......and have the signed docs handled electronically back to you a conventional fax to your electronic fax solution would effectively convert the signed document back to electronic form. .

Group Member
Apr 28, 2008 9:42:33 PM

DocuSign offers a service where electronic signatures available by sending your documents via email to your clients. I've used it to obtain signatures from clients locally for price adjustments to a client in Japan (I'm in Maryland). The service does cost a few dollars per month but considering the cost of gas one it could eaisly be made up in one less trip.

Group Member
Apr 29, 2008 4:48:05 AM

For those REALTORS® who use services from OneCall, either Mobile Manager or SpiderFax, there is another way to affix a signature prior to sending a document by e-mail. The user selects the document on their computer and "prints" is to "Fax Upload", (a previously downloaded software program). The document appears in a screen giving the user, first the opportunity to complete the document by typing whatever information is required to complete or personalize the document. Then when ready, the user clicks on signature, and places their previously scanned and stored signature in exactly the spot required.

Group Member
Apr 29, 2008 11:38:47 AM

Thanks Garrie, I will look in to this. It's been the response with the most promise so far.

Our goal is to allow buyers, who have a computer but might not have any other inpute device, use a totally electronic signature in the form of a code. I believe UPS uses this already.

Sincerely,

Diane Dessailly

Group Member
Jul 17, 2008 4:54:50 AM

To Diane:

If you have access to TransactionDesk, it will handle the e-sigs for you. The built in system allows you to take any document, decide who is going to sign and where, and then distributes the form via email to all signing parties. Signing parties are required to have ONLY email to participate. Once all parties have signed, the system distributes copies to all parties. Additionally, the Certifying Authority for the the e-sigs is the United States Post Office! I believe that the system that is built into TransactionDesk is the most secure of any I've seen and thus much less subject to being challenged in court. It is tricky to learn however. (I have a video at www.LittleLectures.com on how to use it.) After you've done a dozen or so signings it will be a snap to use. I am closing a transaction next week and the ONLY paper document in the file is a blue ink final of the Purchase and Sale Agreement and even that was by choice not necessity.

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