With almost half of all US property transactions being completed using DocuSign, the e-signature platform is planning to gain the same reach in Australia.
Speaking to Real Estate Business, DocuSign’s vice-president and managing director for Australia and New Zealand, Brad Newton, said the company is currently working with a number of major real estate brands that will look to formally introduce the platform to their offerings in the near future.
“They’re going through the process now of working out how and what they want to prioritise in terms of digitising,” he said.
“Most of [DocuSign’s involvement is] going to be around leasing agreements, as well as the initial engagement with a real estate agent.”
Mr Newton also revealed that CoreLogic and the Real Estate Institute of Australia are currently working together on a DocuSign offering to take to all agents.
“The US real estate market has already recognised the value of DocuSign, with around 40 per cent of houses bought or sold in the country transacted via DocuSign,” he said.
“That’s our goal for Australia – that those same benefits are delivered locally. We’ve got a lot of work to do, but over the next 12 to 24 months, we’re going to see a rapid take-up of digitised processes in the real estate industry.”
[Related: PEXA to launch in South Australia]