Once upon a time in residential real estate, there was just one kind of sale: between an ordinary Seller and a Buyer (usually represented by their Realtors). Then, after the Wall Street-engineered housing bust, every other deal (literally) involved either a bank owner (foreclosure), or an underwater homeowner who needed bank relief to sell (called...Read More
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...Read More
Realtor Best Practices “Hello, electronic signatures, good-bye faxes!” That’s the upshot of Realtor meetings and cont. ed courses I’ve attended the last 2-3 months. “In With the New . . .” After years of hype, electronic signatures are finally a reality in the real estate business: they’re secure, legally valid, and — with widespread adoption —...Read More