Many have wondered, is it alright to sign electronically in real estate transactions? The answer is yes. Joseph Richer Registrar from the Real Estate Council of Ontario said, “With traditional signatures, you may find your rep is scanning or faxing a lot of paperwork back and forth with the seller’s agent. It can be a cumbersome process, and it can even reduce the legibility of the text in the documents. Using electronic signatures avoids this problem.” While there are certainly benefits to signing electronically, make sure you are comfortable with it and still reading through everything you are signing.
I’m planning to buy a home after being out of the market nearly 25 years. My real estate broker suggested we use an electronic signature to sign my offer. Is that allowed?
Many have wondered, is it alright to sign electronically in real estate transactions? The answer is yes. Joseph Richer Registrar from the Real Estate Council of Ontario said, “With traditional signatures, you may find your rep is scanning or faxing a lot of paperwork back and forth with the seller’s agent. It can be a cumbersome process, and it can even reduce the legibility of the text in the documents. Using electronic signatures avoids this problem.” While there are certainly benefits to signing electronically, make sure you are comfortable with it and still reading through everything you are signing.