RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

E-Signature: 10 Years and a Great Impact

Home Marketing
January 8, 2011
Reading Time: 2 mins read

RISMEDIA, January 8, 2011—In the 10 years since President Clinton signed the Electronic Signatures in Global National Commerce (ESIGN) Act, electronic signature and cloud computing technology has exploded into nearly every aspect of the real estate business. Here, Tom Gonser, founder and chief strategy officer of DocuSign, Inc. discusses how real estate professionals have been able to help their clients close deals quickly, seamlessly and efficiently.

Tom Gonser
Founder and Chief Strategy Officer
DocuSign, Inc.
www.docusign.com

Last year, we celebrated the 10th anniversary of the Electronic Signatures in Global National Commerce (ESIGN) Act, signed by President Clinton on June 30, 2000. The ESIGN Act ensured that a signature, contract or other record relating to a transaction would not be denied legal effect, validity or enforceability solely because of its electronic form. This Act was the genesis of electronic signature technology, and became instrumental in facilitating interstate and foreign commerce by reducing or eliminating obstacles to commerce.

Since the Act was signed, electronic signature and cloud computing technology has exploded into nearly every aspect of business—helping us complete simple NDAs and employee onboarding to complex purchase orders and sales contracts. Every industry, every market, everywhere has been positively affected by e-signature technology, helping businesses streamline processes, reduce costs and increase revenue.

Of all the markets, there is one where e-signature technology has had the greatest impact, changing more lives than nearly any other technology—real estate. No other sector has reaped greater rewards than our industry.

Time, money, ink, paper and aggravation are eliminated. And, deals are done faster, better and are more secure when completed electronically than with paper. There is no downside to using e-signature technology.

Recently at a DocuSign customer event in San Francisco, I spoke with Richard Fisher, a broker with Morro Bay Realty in California, who told me that he transacted a real estate deal in just hours using e-signatures. The husband electronically signed the documents at 30,000 feet while in flight to Southeast Asia as his wife signed the same documents upon her return to Mexico City. By the time the husband arrived in Malaysia, the transaction was complete. The entire deal was—literally and figuratively—transacted in the clouds.

Before the ESIGN Act, this transaction would have cost hundreds of dollars in overnight charges and taken a month or two to complete. Considering the time-consuming paper-signing process, these buyers would probably have lost the home to another buyer using a local real estate agent who could taxi the paper documents from Point A to Point B. With e-signatures and cloud computing, Morro Bay Realty was able to quickly complete the transaction in hours. Everyone benefitted—the buyer, seller and the real estate agents.

As evidenced here, there is no downside to using e-signature technology. In this competitive market, you need every tool to succeed and e-signature technology is clearly a must-have for every real estate professional’s toolkit. Try it. You’ll agree.

ShareTweetShare
Susanne Dwyer

Susanne Dwyer

Related Posts

Four Large Southeastern MLSs Form Alliance
Industry News

Four Large Southeastern MLSs Form Alliance

October 3, 2023
Century 21 Expands in North Carolina
Industry News

Century 21 Expands in North Carolina

October 3, 2023
AREAA Shares A-List of Asian-American Agents
Industry News

AREAA Shares A-List of Asian-American Agents

October 3, 2023
Exciting News About #NARNXT
Industry News

Exciting News About #NARNXT

October 3, 2023
CoStar Sues Former Homesnap Executives for Theft of Secrets and Poaching Employees
Agents

CoStar Sues Former Homesnap Executives for Theft of Secrets and Poaching Employees

October 3, 2023
New Jersey Real Estate Icon Bill Keleher Announces Retirement
Brokers

New Jersey Real Estate Icon Bill Keleher Announces Retirement

October 3, 2023
Tip of the Day

Helping Them Buy Their First Home is Just the Start

Increase your repeat business by mastering the second home and vacation property market. Learn how with the online Resort and Second Home Property Specialist (RSPS) certification course, 20% off through Oct 31. Click here.

Business Tip of the Day provided by

Recent Posts

  • Four Large Southeastern MLSs Form Alliance
  • Century 21 Expands in North Carolina
  • AREAA Shares A-List of Asian-American Agents

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.