In the slowly evolving world of real estate, many REALTOR® members are now using email, text messaging and telephone calls to help speed up negotiations and email to exchange documents with their clients and with other REALTOR® members. Electronic signatures, while not yet universally accepted, are becoming more common for real estate contracts.
A “wet” signature is a signature written in ink. These are the in-person signatures that are commonly used to indicate that a person agrees to the contents of a document.
A "digitized," wet signature is a graphic representation of a wet ink signature. A person signing a document using a stylus on a tablet is creating a digitized signature. A digitized signature can also be created by simply faxing a document with a wet signature.
An "electronic" signature is one where the user’s identity is confirmed by a service provider and a password protected signature representation is applied to an electronic document....