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Agents fear fraud losses

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Real Estate Professional | 03 Jul 2015, 11:20 AM Agree 0
New rules to allow electronic signatures for real estate transactions are drawing praise from many agents, but also their concern.
  • Scott Simmons | 03 Jul 2015, 12:12 PM Agree 0
    It's about time Ontario leaves the dark ages and lets agents use electronic signing. In BC we have been using it for years. I could not imagine not using it. I have never had a client who has had a problem with the electronic signing system, it's very user friendly as to compared to printing and scanning.

    My tip to agents using who are going to use authentisign is to set up a dummy sale and run it through the system a few time before you do it live with a client. There is nothing worse than trying to figure something new out while doing a deal. Most agents struggle with the first few deals they do. The agents side of the system is counterintuitive and quirky until you get the hang of it.

    Good Luck and welcome to the future.
  • Gary | 03 Jul 2015, 12:52 PM Agree 0
    To say "agents fear fraud" is not supported in your article. Every other form of commerce in Ontario is done electronically. Software is available very Inexpensively to enable e-signatures with security. Don't fall into the lazy journalism style of the fearmongering headline. Leave that to CNN and Fox News. Why not write about how this will save time, paper and misunderstanding?
  • Rick Dubord Broker Manager BC | 05 Jul 2015, 03:37 PM Agree 0
    Our office has been using e-signatures for past 4 years and absolutely no challenges with the process other the lending institutions getting up to speed. It is a way of doing business cant imagine not having the service for our clients all about creating a good experience.
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