Electronic signatures.  Sometimes called digital signatures but there are differences.  Electronic signatures can make a transaction smooth and EASY to conduct.  No need to run all over town or if you have a client that is from out of town you CAN get a document signed and it is completely legal AND binding.

As the Chairman of my Keller Williams Market Center Technology Committee I try to stay on top of things that make my business and those in my office's a little easier.  After all, we are busy enough, so anything that can cut down on time spent and gain a few minutes is a positive.

I use a program called Docusign.  Docusign is a great program!  Docusign recently allowed me to service both a seller who lived over an hour from me and a buyer who was serving our great country in Guintanimo Bay, Cuba.  Yes, I said CUBA!  She was able to sign the contract and put an offer in on a property which we closed on earlier this month.  This would not have been an easy transaction without Docusign.

Now...I know there are some agents that don't like or just refuse to accept the world that technology is creating.  That's fine...as long as you do not hamper my efforts to get a deal going when I use the technology.  I will take the time to provide you with documentation to put you at ease that my "computer signed" document is indeed legal and binding. 

There is MORE proof that a signer must do what they intend when they sign a document electronically then there is when they do it with a pen.  You see, when I use my "technology toy" it creates a automatic "paper trail" of sorts showing when the client viewed the document, when I viewed the document, what time the client signed the document, the IP address that created the document, the fact that the client viewed the user agreement and accepted it (Making it legal) among many other things.

When someone signs with a trusty ball-point pen....well did they really sign it?  Are we putting ourselves at risk accepting the fact that the other agent is in fact saying that is their clients signature?  Hmmm, never thought of it that way, did you?  I personally think that a document as important as a real estate contract and with the fact that buyers often put up earnest money (that they are risking) should be a notorized document....but then again, I don't push that, I don't have the time for another class...LOL.

Are electronic signatures legal?  YOU BET!  President Bill Clinton signed a bill in 2000 that made them just as legally binding and enforcable as a hand signed document.  He set forth requirements that made them secure.

To read more about the legalities of an electronic signature check out these links:

http://www.docusign.com/resources/whitepapers/WP_Legality_of_E-Signatures.pdf

To learn more about how these work and the steps involved visit Docusign's video page:

http://www.docusign.com/products/product_videos/http://www.docusign.com/products/product_videos/

Want to try it?  Here's a Docusign demo:

http://www.docusign.com/products/signing_demo/

GO ahead and give it a try...FREE 30 day trial:

http://www.docusign.com/products/evaluate/

If you haven't researched electronic signature's I recommend that you take the time to do so, you might find that your business becomes more productive...if you will accept the technology.

Go ahead, give technology a try.  Remember, I use this technology everyday and discover more every chance I get as I believe in giving my clients the highest level of service available.  If you can't keep up with the changing world of real estate...please do not tell me my methods are not legal...until you understand that they are. 

Docusign...what are YOU wainting for?

 

9 Comments on Electronic signatures, are you working in today's world?

FEB
19
2008
119,268 Points 8 Featured Posts Outside Blog

I LOVE my Docu-Sign account!  Love it, love it, love it!  I've been using it for just over a month now, and have found that my out of area clients love it as well.

I did recently have one issue with it though, in that a lender would not accept the Agreement of Sale without the Buyer's physical signature.  I found that very, very ironic, since he had to sign all of *their* documents electronically!  What hypocrites! 

9:34pm • #1

I am not using doc u sign yet but it sure sounds nice!

Take care!

RJH

9:49pm • #2
Hi JT,  This is very helpful information--just recently a client had to make several trips to Kinkos because she moved out of state and didn't have a fax machine; this would have been so convenient.  I'll try it.  Thanks for sharing!!  Cheers, Harley
10:02pm • #3
FEB
28
2008

Thanks!!  I teach and demonstrate Docusign as part of my ZipForm classes.   It's new to many agents and clients, so I advise agents to use the trial period and play with it.  I've sent forms to myself and to friends just to make sure I know how it looks from both the agent and the client side. 

It sure beats faxing papers back and forth!!

12:36pm • #4
MAR
01
2008
Thanks for the info. What a great time saver. Diana
7:44pm • #5
MAR
08
2008
170,512 Points Outside Blog

Been looking at it for a while but really don't have much business at the moment.  If it picks up I will use it for sure.

9:21am • #6
JUL
31
2008
Outside Blog

Hey JT,

I'm about ready to dive into electronic signatures.

Do you know anything about EchoSign and how they compare with Docusign?

Thanks,

Cindy

7:45pm • #7
DEC
04

I own a few rental properties and I have been using a site called http://www.rentalspacenetwork.com, to not only advertise my properties, but also to take care of all of my paperwork.  They have a full electronic signature document exchange, where leases, applications, invoices, etc. can be created, exchanged, signed and stored on their site.  It has completely eliminated all paperwork from the screening and leasing process and made my life so much easier.  I highly recommend this site to anyone who owns a rental property.

Christine Adams
5:45pm • #8
AUG
24
Outside Blog

JT,

I just found this post and thank you so much for sharing your thoughts about electronic signature and DocuSign. Please don't hesitate to reach out and let us know what DocuSign can do to improve your electronic signature and online contract execution experience.

Best,

An Bui

 

DocuSign Social Media

2:53pm • #9

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

"JT" Prevatte, REALTOR, ABR, ASR ~Fayetteville, NC Real Estate

Fayetteville, NC

More about me…

Century 21 Family Realty, Relocation/Recruitment Director

Address: 2521 Raeford Road, Fayetteville, NC, 28305

Office Phone: (910) 321-1002

Cell Phone: (910) 494-5570

Email Me

A place for my rambling's, thoughts and maybe even a few views on life from my prospective. Hang on because here we go...this could be a bumpy ride!


Links

Archives

RSS 2.0 Feed for this blog

Find NC real estate agents and Fayetteville real estate on ActiveRain.