Having documents signed digitally has become quite common in real estate with 50% of agents across the country stating that they use digital signatures. The conveniences for the consumer and the agent are considerable. No more scanning, printing, signing, scanning and returning documents. Agents can upload a document to a program that will send the document by email for signature. Documents can go to numerous people who just have to follow the very easy instructions and voila the document is signed and returned.
There are laws that cover the integrity of the signature and there are many programs and apps available now that provide a way to do electronic signatures however many of these apps do not provide the necessary checks and balances to prove that a document hasn’t been tampered with.
For consumers if there were ever an issue with a contract and you signed it digitally and the company or app that was used did not meet the recording laws your contract could be invalidated. I use a company by the name of Docusign and they have spent considerable time and resources insuring that anything signed on their site meets not just federal laws but state laws as well. Their electronic signatures have been tested in the courts. I feel confident that all laws and requirements are being met.
Docusign has a nifty demonstration where you can test how their site works, Docusign Test Site.
For further information and a bit of the history, ESignature Authentication and Legalities for the Real Estate Industry.
To read about the legalities and privacy of documents when using Docusign please visit their site at Docusign.com.