Want two, inescapable signs that electronic signatures have arrived?
Sign #1: The new, 2011 – 2012 standard Minnesota Purchase Agreement* now includes language stating that electronic signatures shall be acceptable for all residential real estate contracts and addenda (it’s buried in the fine print, just after the Integration Clause).
Sign #2: The National Association of Realtors (“NAR”) is an investor in DocuSign, the company implementing electronic signatures.
I’ve signed up for the service, but haven’t been set up with an account yet.
*All Minnesota Realtors use standard forms that are updated annually — more frequently if events warrant (new statutes, market issues, etc. ).
The exception is all the banks selling foreclosures, who — in their infinite wisdom — each use their own untested, custom forms. 🙁