If you use transaction management software, make sure the company can integrate with your management tools. Is it an easy process to upgrade? Transaction Management
What type of integration does their software allow? For example, how do they work with other storage tools like Google Drive and Dropbox? Storage LimitsĪsk if you can upgrade to more cloud storage if you reach your limit. You want to ensure that if they have a software glitch, all your real estate transactions will be secure.įor added security, verify that the company uses encryption technology to verify the digital signatures. Make sure you ask about the company’s security and backup solutions. Usually, you just have to upload the document to your e-signature company and follow the steps provided to sign it.Ĭonsider these features when selecting a real estate electronic signature company: Security
Once you select the company, they will show you how to do an electronic signature in word using their specifications. Knowing what to look for in an electronic signature company will help you choose the right one for your needs. Digital signatures help you spend your time building relationships with your clients instead of following paper trails. If you’re new to real estate, there’s nothing as satisfying as getting your first contract signed by a home buyer or seller that you’re representing. You can find online tools that can help you manage and authorize the electronic signatures you process in your transactions. Knowing how to use technology for property transactions is the key to being successful in real estate. If you only need e-signatures for temporary transactions, then dependent e-signatures are acceptable. Could your e-signed transactions ever be needed in court?įor important real estate transactions and when you need legal assurances, independent e-signatures are the best option.Will you need to prove legal defensibility in the future?.What are the real estate industry compliance regulations for e-signatures?.Are you using e-signatures for high-risk or low-risk transactions?.Here are some important questions to ask yourself before choosing dependent or independent electronic signature technology: When choosing which type of electronic signature technology to use, think about the types of documents you’re having signed.
Which Type of E-Signature Is Right for Your Real Estate Transactions? With the availability of physical signatures, you build trust and transparency with buyers and sellers. This gives you visible, permanent evidence that the real estate documents are legally signed. If you or your real estate client open the document in a PDF, the signatures will appear. Rather, the technology used embeds the signature into the document itself using cryptographic data. Unlike dependent e-signatures, independent electronic signatures don’t rely on your vendor to prove the signature authenticity. You also risk losing the signature if you stop doing business with your vendor or if there’s a catastrophic incident. Since the signature is on a server, it’s in danger of being lost by broken links or unavailable internet access. This works well for temporary signatures but might not be useful for long-term, future evidence. Dependent E-SignaturesĪ dependent electronic signature links your clients’ signatures to your vendor’s server. Both types are legally acceptable but they differ in the technology they use. These are dependent and independent e-signatures. If you’re a real estate professional, it’s important to understand the two types of electronic signatures. Implementing online signatures lets you and your clients sign negotiation documents, loan applications, home offers and negotiation transactions in real-time. Online signatures go hand-in-hand with today’s active, on-the-go home buyers. Using electronic signatures allows you to speed up your transactions without being slowed down by never-ending paperwork.Īre you leveraging electronic signatures for your real estate transactions?įind out how to do an electronic signature in word to turn extensive paper processes into secure online transactions. If you’re a realtor, you’re always looking for ways to be more efficient and offer your clients a convenient, fast and secure real estate transaction.