Both are great ways to sign documents electronically.  Online, that is.  We're talking about paperless transactions.  Working from your virtual office (which can be your home-based business or your mobile office from anywhere in the world).

The great thing about DocuSign is that YOU, the real estate professional, can sign your docs; then put "sticky notes" for your clients to sign; and THEY can read & sign online too!  Without ever printing out a single paper.  On the "down" side, you have to pay a monthly or annual fee to continue using the service.

Here's a sample signature from DocuSign:

At the top of the page, the entire document is coded with the date, time, and computer ID of the signature.  Note that each signature has a DocuSign code to verify the signer's identity.

The great thing about Adobe Acrobat is that it's FREE to use the e-signature feature once you purchase the Adobe software.  There's no recurring fee.  The "down" side is that EACH SIGNER must purchase a copy of the software on their computer.  So it's not very helpful for getting your clients to sign docs that you send them.

Here's a sample signature from Adobe Acrobat:

 

Each signature is identified with the date, time, and computer ID of the signer.  So it's always safe and secure.

Maybe even more fool-proof than a hand-written signature! 

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Author of forthcoming book, "Virtual Office Guide for Business Professionals:  Work & Profit from Home"
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Text copyright © 2009 R.P. Brown, All Rights Reserved

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9 Comments on e-Signed docs: DocuSign or Adobe Acrobat Signatures?

JUN
15

Great write-up. You know your stuff!  There are a few other differences to point out between DocuSign and the Adobe signing process. I know because I tried it.

  • Adobe Acrobat Pro (Needed to create documents you can sign) costs more than DocuSign does for a whole year!  Not only is that expensive for you, your customers are never going to go for it.
  • DocuSign provides these other benefits that Adobe Acrobat signatures do not:

1. Control, with DocuSign, you are always in control, and you can see where things are 100% of the time, it automatically reminds, and if you sent the wrong file you can pull it back. With acrobat you email the file off, and hope they can figure out how to sign.  You have no idea if they got it, opened it, etc.  Want to know, call them and ask? Send the wrong file, tough!  Need to remind them - your time is taken for all that.  

2. Multiple signers - if you need both buyers to sign, and then perhaps both sellers to sign, you can do this all on the same document, with DocuSign managing the signature collection process.  With Acrobat, YOU need to be the traffic cop - first send it to buyer 1, then send to buyer 2, then once that is done, send to sellers agent/sellers - ALL MANUAL ON YOUR PART. This not only is a hassle for you, it is a major time-waster compared to DocuSign

3. Fast and Easy to sign - with DocuSign your signers just validate by email, or by access code (which I use sometimes), then click to sign, initial, or fill out info I need. As soon as one signs, it instantly goes to the next. No software to install, nothing to learn, nothing for them to buy.  With Acrobat, they will be calling me to ask how to buy Acrobat, or how to make a digital certificate. It is expensive, confusing, and just distracts from the task - getting a signature.

4. Authentication - DocuSign provides a full audit trail document for each and every signer - showing important audit trail info like IP address used, email used, signature adopted, when they got it, when they signed it, what authentication they went through, etc. If you ever get asked for proof, you have it. With Acrobat you have none of this.

5. Mistake-proof signing - With DocuSign the signer MUST sign each place you ask, initial each place you ask, and they can't sign in the wrong place, or miss a page.  With Acrobat they have to figure it out on their own. And easily can miss, so you have to send it again.  Even better, DocuSign templates can apply ALL OF THE TABS AT ONCE, making the process of applying the digital 'sign here' tabs automatic, mistake proof, and fast.

6. The Standard - DocuSign has been adopted as the standard in Real Estate, and integrated into most of the mainstream Real Estate forms platforms making it even easier to send, and everyone trusts the system.  Using something besides DocuSign is like driving on the wrong side of the road.

So, if you have a customer-centric way of working, and value your time, DocuSign is hands-down a better way to go! ESPECIALLY for Real Estate!

TJ

TedJ
8:19am • #1
137,854 Points 10 Featured Posts Localism Sponsor

TedJ, thank you for taking the time to point out all the details.  It looks like you're not an ActiveRain member, you should join here and we can connect online!

11:48am • #2

Regina, thank you so much for discussing DocuSign - we greatly appreciate it! :) 

TedJ, thank you for outlining the major differences between DocuSign and Adobe, demonstrating the power behind DocuSign's electronic signature and electronic contract execution service. 

DocuSign also has a strong commitment to the real estate community - we've sponsored several Real Estate Bar Camps (LA, Phoenix, and Denver) and constantly seek feedback and feature suggestions in DocuSign Forums so we can build a better product for our customers. 

We offer real-estate specific products and integration with a whole host of real estate partners (IRES, Realfast, Ziplogix, Reveal Systems/TrueForms, and many others) to streamline the document creation process for our users. 

Also, your customers (signers) don't have to be DocuSign customers - they just have to have a valid email address that you can send to. They can sign these papers wherever they happen to be, as long as they have access to email and a browser. This means they can sign while waiting in line to pay for groceries. They can sign while waiting for the kids.

With Adobe, they can only sign from a computer with Adobe installed. A delay of a few hours to a day can mean losing the deal - another offer came in while your client was getting to the computer with Adobe. Or they had to print out the documents, sign, and then fax back, which leads to more delays and more wasted time when you have to call to confirm that all the papers got through and your client does the same on return. 

I'm more than happy to answer any additional questions about DocuSign and how it helps real estate agents. Or you can take a look at other real estate agents' experiences: Dean Ouellette, Luba Muzichenko, Derec Shuler, to name a few.

Regina, TedJ, thanks so much for starting this conversation about the various technology offerings for electronic signature and online contract execution  

An Bui, DocuSign Social Media
12:13pm • #3
137,854 Points 10 Featured Posts Localism Sponsor

An Bui, sounds like a great company, I can't wait to see what other tech updates will be made in the future, and find out about new products!

12:18pm • #4

Apologies to Luba - I borked the link to her blog post about her DocuSign experience. The correct link takes you to a post that explains how DocuSign enabled her to go on vacation AND take care of her clients!

An Bui, DocuSign Social Media
12:27pm • #5
JUN
22
367,666 Points 4 Featured Posts Outside Blog

I'll have to put DocuSign in my toolbox, which is actually an Excel file. Is that a "virtual toolbox" then?

10:40am • #6
137,854 Points 10 Featured Posts Localism Sponsor

Yes it is a virtual toolbox!  He he.

3:08pm • #7
JUL
14
1 Featured Post

Thanks Regina. I am looking closely at the benefits of Docu-sign for my practice. Seems like it will seem a great deal of time and also adds a professional touch for all parties involved to appreciate. I am wondering if there is a free trial version to "test the waters" and if so, for how long?

11:04pm • #8
AUG
04
Badly need your help. A fine quotation is a diamond on the finger of a man of wit, and a pebble in the hand of a fool. I am from Sudan and bad know English, give true I wrote the following sentence: "Permission to republish creating a preschool art lesson plan in print or online must be granted by the author in writing." Thanks :o. Chablis.
Chablis
12:28pm • #9

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Regina P. Brown, e-Pro RealtorĀ®

San Luis Obispo, CA

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Regina P. Brown Real Estate on the California Coast

Office Phone: (888) 550-9340

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Our NEW eBook, "Stop Foreclosure Fast: Solutions to Save your House" helps homeowners who are behind on their mortgage loans and worried about foreclosure. Our newest eBook, written by Real Estate Broker and business expert R.P. Brown, is now on bookshelves and available.


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