The Digital Deal – Are You Signing Your Real Estate Documents Electronically Yet?

Electronic documents are now here and many real estate sales professionals have begun integrating this capability into their workflows.

When you think of electronic document signing the first immediate thought is that it makes going through the offer and sale process so much easier! This is true – however, stop for a moment to think about all the other forms and paperwork that flies around on a given real estate transaction between:

• You and your client
• You and the other party’s representative
• You and the other party if you are representing both buyer and seller
• You and the lawyer
• You and the property investigator, etc…

Aside from the Agreement of Purchase and Sale there are also:

• Amendment to Buyer Representation Agreement (OREA Form 305)
• Amendment to Listing Agreement (OREA Form 240)
• Assignment of Buyer Representation Agreement (OREA Form 302)
• Buyer Customer Service Agreement (OREA Form 310)
• Buyer Representation Agreement (OREA Form 300)
• Cancellation of Buyer Representation Agreement (OREA Form 301)
• Cancellation of Listing Agreement (OREA Form 242)
• Corporation/Entity Identification Information Record (OREA Form 631)
• Individual Identification Information Record (OREA Form 630)
• Listing Agreement (OREA Form 200)
• Listing Agreement (Lease) (OREA Form 210)
• Mortgage Verification (OREA Form 261)
• Receipt of Funds Record (OREA Form 635)
• Risk Assessment (OREA Form 639)
• Schedule to Buyer Representation Agreement (OREA Form 303)
• Schedule to Listing Agreement (OREA Form 203)
• Seller Customer Service Agreement (OREA Form 201)
• Seller’s Direction re: Property/Offers (OREA Form 244)
• Working with a REALTOR (OREA Form 810)

Signing, organizing and storing your forms electronically will make you more organized and will make it much easier for you to complete tasks. It is going to be very important to look at taking advantage of electronic document signing because your competitors are. You want to make sure, when you are with a client, especially one that has been shopping real estate sales professionals, that you look current by using the latest technology.

From image to efficiency – electronic document signing just presents pluses, pluses and more pluses.

How to sign your electronic documents will depend on what tool you are using. Because we are the proud papa of ViMO, an iPad app tailored to real estate sales professionals, we can run you through how to sign your forms electronically using ViMO.

For more about how to use ViMO to sign your documents electronically, check out our how-to guide and to become more competitive all around, please visit www.myvimo.ca.