E-Signing Contracts: Click, Click, Click; I'm Done
Indeed, it is as easy as click, click, click and the contract or offer has been signed, but something may be missing.
What is missing?
The agents take the time to carefully select the correct prewritten forms from a list of forms, then fill in the blanks for things such as price, settlement date, type of financing, inclusions, inspections, and a few more things and send these proposed contracts to their clients.
When the client receives this document, or set of documents, everything is completed except for the signatures, or initials. The program is conveniently set up to jump from one place needing a signature to the next place that needs a signature.
Jump is the correct word to use, because the program does not slowly scroll through all of the document so that it can be read, but it jumps right past paragraphs, sometimes pages, at a time.
There are some people who will go back and read the contract, but many, if not most, simply click where the program instructs to electronically place signatures on the document.
These documents are long and it can be tiresome to go through them, but before the days of electronic signing, when the agent sat down with the client, an opportunity was there to explain the various parts of the document.
Some agents will try to explain the major points of the contract, but what they consider major and what their client consider to be major may be different things.
Does this modern way of doing things put the client at risk of signing something that they would have preferred to not sign if they had known what it was?
Does this put the agent at risk because of not sufficiently explaining things to the client?