10 Reasons Why REALTORS® Should Consider E-Signatures

Carrie’s Top 10 Reasons to Consider E-Signatures

  1. If you don’t embrace the new technology you may lose out on opportunities to list and sell—the difference between multiple offers and the only offer!
  2. Electronic Signatures are Legal in all 50 States.
  3. Choose a platform that has certification.  Proof of e-signature.
  4. Don’t force the technology on a non-tech savvy client.  Yep,  go back to the PEN!
  5. Be willing to educate your clients on the benefits of e-signatures. Great for the out of area client.
  6. E-Signatures provide the ability to go paperless and receive legible documents quickly.
  7. Fannie Mae & Freddie Mac will accept e-Signatures.  However, if you start with e-Signatures you must use the same technology for the duration of the deal.  You cannot go back to a pen.  Choose wisely!
  8. Saves Time & Money. Think about the hours in the car and the amount of gas you purchase just to get signatures.
  9. As of today, HUD (HUD homes) doesn’t accept electronic signatures. Must use wet signatures.
  10. Yes, you can use electronic signatures on a short sale.  Work with the bank and ask if the bank will accept e-signatures.

Although I love being a paperless agent I recommend that agents also build quality relationships with clients.  You may need to have a face to face conversation, send an email, text and pick up the phone.  Using electronic signatures isn’t a reason to not maintain a relationship.

Electronic Signatures in Global and National Commerce Act

Illinois – Electronic Commerce Security Act

Washington – Electronic Authentication Act

New York – Electronic Signatures and Records Act

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