At the recent convention of the California Association of Realtors, Brad Inman, President and CEO of Inman News Features, spoke about how technology has been changing the business of real estate. Inman’s a pretty sharp character, and he “gets” technology in real estate in a way that many industry leaders don’t.
Here’s what he had to say about electronic transactions:
Uh, Brad…next time you’re thinking of buying or selling a home, let me know…we’ll do all the paperwork electronically, and the first and only time you’ll have to put a pen to paper is when you sign the closing documents at the title company. Alas, California law still requires mortgage documents to be signed the old fashioned way.
Tags: Brad Inman, California Association of Realtors, Electronic signatures, Inman News, Real estate, Technology
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4 responses so far ↓
1 Anonymous // Jan 2, 2007 at 2:40 pm
This is really funny!
Brad is thought to be an industry driver, but he apparently is out of touch with the ways electronic signatures can be done easily.
As far as the mortgage docs go, aside from recording in some counties in CA, folks ARE doing mortgages electronically! Lots of disclosures and applications being sent for signature electronically!!
2 Kevin Boer, Three Oceans Real Estate // Jan 2, 2007 at 7:18 pm
Hi Anonymous,
Thanks for dropping by.
My understanding is that some counties in CA are recording electronically, but that CA mortgage documents, by law, still have to be signed the traditional way. Has that changed?
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