Electronic Signatures. Promoting Understanding? Or, JUMPING THE SHARK?
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
The Value Of Electronic Signatures. Good For The Consumer? Or Easy For The Agent?? Say what you will. The adoption of electronic signatures by the real estate industry has also served to permit consumers to go forward with transactions, whether or NOT they understand what they're signing. Nothing beats looking them in the eye. If a buyer is local, my practice is still to sit with them and review and explain every single paragraph. I can almost always recognize when that face to face review helps them understand what they're signing. Electronic signatures do nothing to further the consumer's understanding of what they're signing. So the agent sending the docs understands the content. So what? Are we seeking an easy signature or are we seeking an informed consumer? Can it be that...
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