In February of this year (2011) the entire KELLER WILLIAMS system marched all 80,000 of it's agents to doing business completely PAPERLESS ! My office(which KW calls a Market Center) has issued an edict that effective 9/1/11, it will no longer accept any form of paper files to document a current and eventually settled transaction. We will be using the incredible DotLoop system, which includes electronic signatures to enact a completely paperless transaction !
The system includes an invite to the other(cooperating) agent for them and their client to also participate in this paperless transaction. It will automatically set up both the other agent and their client with electronic signatures ! All changes that are being negotiated will be updated immediately on the internet stored Agreement of Sale(avoiding multi copies). We will no longer need to use a fax machine for anything concerning our sales or listings !
Several companies in our marketplace have said they have this ability, but I've yet to see it ! It is my guess that less than 5% of the time the cooperating office will be ready to conduct business in this manner ! Folks once again the times they are a changin !!!
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