Every once in a while here at DotLoop, we get a few questions about our eSignature process.Luckily, it's very easy to not only use, but understand.
Anyone who has purchased a book through Amazon.com, bought music through iTunes or used PayPal has signed electronically. Once users understand this, they start to understand the legality of eSignatures. The ESIGN Act of 2000 and the UETA Act of the same year both made electronic signing over the Internet as legal as traditional "wet" pen and paper signatures. This past April, the FHA confirmed that electronic signatures would be acceptable for all real estate transactions nationwide.
With DotLoop, there are two main ways to sign electronically: through our eSign System and through our Attachment Feature, the latter of which allows a user to attach signature fields to a static image PDF file.
Our eSign System allows for full trackability and transparency with all parties involved in a negotiation. It's as easy as 1+2=3. E-mail + password = electronic signature. The best part? Your clients and co-op agents won't have to install any additional software to use our eSign System. If they have internet access, they have the ability to sign contracts anywhere, anytime.
I wanted to learn about the legality of electronic signatures, how they are created. What is the logic that is used behind the creation of these signatures ? How they actually differ from handwritten signatures ?
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