Electronic Signatures

24 June 2015

As of July 1st, electronic signatures are now legal on all agreements of purchase and sale and agreements to lease.

There are already free apps for signing that lets anyone sign on the bottom line. So what’s the problem? Anyone can sign anywhere, and that is an issue that the Ontario Government has been wrestling with for the past 10 years. The solution is cloud based software. A secure site limits access. It identifies the time in which the signature is affixed. That’s critical on irrevocable dates on all agreements and you’re IP address is also tracked for added security. Plus clients don’t have to download an app they use only once. Professional agents dealing in half a million deals or more will go for the cloud based route. Part time agents will use the free app. While electronic signatures are convenient for everyone, people still need to protect themselves