Electronic signatures are bound to be used more and more in real estate transactions, since they have been allowed within all transactions as of 2015. To make sure you maintain your trading integrity while using e-signatures, you can take part in an upcoming web seminar (webinar) being offered by the Ontario Real Estate Association (OREA).
A live webinar, “Watch Out for E-Signatures Integrity” is being offered on Tuesday, October 18 at 1pm. It will be hosted by Cassandra Agnew Walker, senior manager, standard forms at OREA. Guest participants are: Lou Radomsky, a lawyer and the legal counsel for OREA standard forms; and John Burnet, John Burnet, manager of complaints, compliance and discipline at the Real Estate Council of Ontario (RECO).
Changes to provincial laws took effect on July 1st, 2015, enabling electronic signatures to be used within key real estate forms, including the Agreement of Purchase and Sale (APS) and related documents. The government approved an amendment to the Electronic Commerce Act that allowed for e-signatures to be used in the APS.
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“Since the statute amendment affecting electronic signatures for the APS came into force in 2015, we’ve seen them used more in real estate transactions and we expect that trend to continue,” says Agnew Walker. “This practice is often convenient for consumers and REALTORS® alike, cutting down the time and distance required to complete forms. At the moment, we see and hear about members using a combination of in-person and electronic signing within their transactions. However, as e-signature use continues to grow, we want to make sure that REALTORS® maintain their integrity while working with e-signatures during trading activity and that they adopt best practices and implement brokerage policies to serve consumers well.”
The webinar will explore the following questions:
- Is there a difference between electronic transmission and electronic signatures?
- Are you riding the e-signature wave?
- Does paperless mean no paper ever, and no paper trail?
- What protocols should be followed to ensure integrity while using e-signatures and OREA forms?
Participants will have the opportunity to submit questions and share their own experiences. This webinar is just one in a series related to standard forms that is being presented by OREA this year. To join in, all you need is a computer with working speakers and internet access.
Like all webinars, the format for this topic will be interactive. You can submit questions, listen to speakers and watch slides related to the topic. If you can’t participate in the seminar on the date offered, you can watch a recorded version at a later date and time convenient to you.
OREA members can register in advance in order to obtain a login link for the webinar. On the day of the webinar, members can log in up to 30 minutes before the scheduled start time. Participation in this and other webinars will be on a first-come, first-served basis.
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