RETECHNOLOGY PREMIUM MARKETPLACE RELATED PRODUCTS | WEBINARS | SPECIAL OFFERS
You are viewing our site as an Agent, Switch Your View:
Agent | Broker Reset Filters to Default Back to List
Due to the ongoing situation with Covid-19, we are offering 3 months free on the agent monthly membership with coupon code: COVID-19A
UNLIMITED ACCESS
With an RE Technology membership you'll be able to view as many articles as you like, from any device that has a valid web browser.
Purchase AccountNOT INTERESTED?
RE Technology lets you freely read 5 pieces of content a Month. If you don't want to purchase an account then you'll be able to read new content again once next month rolls around. In the meantime feel free to continue looking around at what type of content we do publish, you'll be able sign up at any time if you later decide you want to be a member.
Browse the siteARE YOU ALREADY A MEMBER?
Sign into your accountIt’s Time to Take Your eSignature Tool Seriously–The Law Does
November 28 2013
We're continuing a holiday tradition of sharing our most popular articles of the year. This article was originally published to our Agent channel back in July:
Did you know that June 30 was National ESIGN Day? Bet you didn't know it, but you should, and here's why. First, a quick history...
In 1998 the US Congress amended the Bank Protection Act of 1968 to include digital/electronic signature and authentication, the act was known as "Digital Signature and Authentication Law (SEAL) of 1998" permitting, and helping define, the use of electronic signatures in all aspects of business.
In 2000, Congress enacted the "Electronic Signatures in Global and National Commerce Act (ESIGN)" into law. This was a turning point for the acceptance of the digital signature and authentication standard. How many REALTOR® members or even real estate professionals are aware of the authentication standards that were set?
To boil it down, you need three primary points to prove a valid electronic signature:
- Legally valid - This is established by consenting to sign digitally and reviewing a consent statement including information on how to obtain paper copies, how to withdraw consent, and who is requesting the signature.
- Auditable - There must be an audit trail, including the email address, IP address and potentially even the geographical location of the individual at the time of signing. The time stamp is also necessary. The audit trail becomes part of the verification and certification of the digital signature.
- Tamper Evident - The digital signature must also be able to reveal if the document has been tampered with.