Are you using e-Signatures- DocuSign or ZipLogix?
The wet signature has been the standard for over 500 years. That is until now—the era of technology—when electronic signatures promise easier, speedier, safer transactions for REALTORS® and consumers.
Congress tried to help this along by passing the ESIGN Act of 2000. Its purpose was to support and promote electronic commerce through the use of electronic records and signatures by ensuring the validity and legality of contracts entered into electronically, while preserving consumer protection laws.
Since then, electronic signatures have become much more widely accepted by most financial and lending institutions. E-vendor DocuSign reports 65,000 new users per day (not just in real estate) and expects that number to be one per second by the end of the year. ZipLogix is reporting a 102 percent increase in 2012.
Most of the banks are now allowing e-signatures and since the NAR Summit in Washington DC held recently, Freddie and Fannie are working on aligning their rules to eventually allow e-signatures too.
So what is the difference between the two main products available? Here is a chart showing the differences.
If done correctly, E-signatures can do more than ease transactions. They also offer greater protection against fraud than traditional wet ink signatures.
There is no doubt that electronic signatures are the wave of the future. Make sure you are using one of these products because it will make your life so much simpler and your clients too. Think of the time and the gasoline you will save by using e-Signatures.
Kristin Hamilton DRE #014092138 Keller Williams Realty – I am a full time agent and deal in all types of real estate transactions. Trusts, Probate, Short Sales, Standard Listing, Single Family Homes, Apartments 1-4 units, Duplexes and Condos. I am also an experienced REO agent. I sell real estate in the Riverside, San Bernardino, Orange, and Los Angeles Counties. I am a trained and experienced Short Sale agent. If you are looking for a professional and experienced agent, I am just a click away. Google me at Kristin Hamilton-Real Estate Agent. Homeowners and Buyers both will find my services top notch and successful. Call me to sell your home; both traditional and short sales.
California is a dream come true state no matter what your needs or wants are. We have year round warm weather, beautiful beaches, rustic mountains and desert communities. If you are looking for a home in southern California, please contact me. I am a local California Realtor, live in the Inland Empire community and aware of the local market. I am here to help you find a home or to sell the home you currently own. California has great opportunities to view Nature and Bird Watching. Whatever your needs are, you will find it here in California! From the Inland Empire you are 45 minutes to the beaches, mountains or desert. Housing is affordable in the Inland Empire area!
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Disclaimer: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice. All content, including text, original art, photographs and images, is the exclusive property of Kristin Hamilton and may not be used without the expressed written permission.
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