The Arkansas Realtors Association has provided its member with the ability to use digital signatures with our real estate contracts. The Realtor offices purchase the forms software for $25 per agent and the broker is charged $200. This is an annual cost. At this training, one of the speakers mentioned that Texas charges each agent $90 per year just for the forms. If the agent wants digital signature capability, they pay an additional $25 per month. I give the Arkansas Realtors Association kudo's for doing this for us and keeping the costs down.
A digital signature is secure. In short, when creating a contract, the agent prepares the contract online and then assigns pin codes (passwords) along with the person signature they are requesting e-mail address. Each person signing will have to sign in under their log in (e-mail address) and pin code (password). This will identify that the person did sign and accept the contract. This information is stored on the site along with the date, time and ip address of the computer the person was on. The contract will have all of this on the signature line when the contract is printed out. This is a shortened version of a two hour training class.
Digital signatures are great if you are dealing with an out-of-town client. The client does not have to print it, sign it, then scan it to send it back to you. It is all done online. This form of signature is widely accepted and is gaining more acceptance every day.
My name is Larry DeGroat and I am a Realtor at Realty Professionals, Inc. in Searcy, Arkansas 72143 and I sell new homes, existing homes, commercial property, farms and land as well as manage and own rental properties. If you are looking for real estate for an investment or a home, I will be glad to assist you! You can call my personal cell number at 501-278-7659 or e-mail me at Larry@Searcy4Sale.com. Visit my website at http://www.searcy4sale.com if you are looking for Searcy homes for sale or other areas.