Are electronic signatures legally binding?
Yes! Electronic signatures are legally binding and hold weight equal to a signature obtained in person. When using our platform, you can be assured that all signatures are legally binding and securely collected.
Effective JULY 1ST 2015, all real estate forms in Ontario will allow the USE OF ELECTRONIC SIGNATURES.
After years of discussion, the Ontario government passed an amendment to the Electronic Commerce Act that allows electronic signatures on all real estate forms, including the Agreement of Purchase and Sale. Essentially, electronic records and signatures carry the same weight and legal effect as traditional paper documents and handwritten signatures.
Phil Dorner, president of the Ontario Real Estate Association, could not have said it better: “Agreements of Purchase and Sale can be amended, initialed, faxed, scanned and emailed numerous times over a transaction… Electronic handling of the agreement where consumers amend and sign using their computers or tablets will eliminate this cumbersome process.”
This law passing signifies a monumental shift to digital within the real estate industry. We are eager to be at the forefront of this exciting change by providing a great solution and an easy transition for all agents and brokerages.
I’M A REALTOR, HOW CAN DEALTAP HELP ME?
Clear path to paperless
Simplify your work with DealTap’s all-in-one platform that allows agents to create OREA forms, amend and electronically sign. This eliminates the need to fall back on paper and rely on time-consuming and inefficient printers/scanners/fax machines.
Security and Compliance
Our tracking system protects agents with transparent audit reports that log all actions performed by all collaborators in the agreement. DealTap contextually understands OREA forms & workflows to guide agents and their clients to complete deals error-free and within all the latest compliance standards.
Offer the Best Experience to your Clients
The secure and legally binding e-signing feature allows your clients to execute deals at their own convenience using their finger, mouse or keyboard and from any device.
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I’M A BROKER OF RECORD, WHAT CAN DEALTAP DO FOR MY BUSINESS?
RECO Compliance & Insurance
DealTap is designed to ensure your business satisfies all RECO mandates such as Bill 55. Our intelligent workflow guides your agents to completing compliant paperwork so you can keep litigation at bay. Think of us as your secret insurance policy.
Productive Agent and Back-Office Team
Help your agents spend more time growing their business and less time worrying about their paperwork. As a certified partner, DealTap’s integration with LoneWolf’s loadingDOCS allows your agents to submit completed offers directly to back office. No more paper stacks, manual re-entry or paper chasing.
Recruit and Retain The Best Talent
Stay relevant and set your brokerage apart by offering the most cutting edge tools to existing agents and net new prospects.
DealTap is the new standard in real estate transactions. THE PATH TO PAPERLESS STARTS HERE.