The Biggest Real Estate Industry Development of 2014

Well 2014 certainly was a big year in the real estate industry. We would argue that by far the biggest development in the industry was the change in legislation to allow real estate sales professionals to sign their forms electronically. This is a game changer.

The real estate transaction of yesterday and even still today involves meeting a client, having them sign a representation agreement, going to the office, researching properties, showing the properties, making the offer, with each counter offer having to pull all parties together to sign amendments, later the customer will need to waive off on conditions and finally the deal closes…so much back and forth!

The deal of tomorrow is the digital deal! The deal of tomorrow will see you setting up a new client on your tablet, generating and signing your listing agreements electronically, researching properties, negotiating offers electronically, and cutting an otherwise multi-week, paper-filled process down to a few simple steps!

Digital document signing is what has and will continue to set the stage for the digital deal, which is why we think electronic forms in real estate was the biggest real estate industry development in 2014.

What do you think the biggest real estate industry development for 2014 was?

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