Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New tech likely to find favour with agents

By Tim Neary
29 November 2016 | 1 minute read

Likely to get a strong thumbs-up from all real estate agents, a new digital signature technology is enabling real estate contracts to be signed and exchanged online within minutes – no paperwork and no driving between solicitors.

Digital signatures are legally valid and have been used for many years to sign documents in all types of industries, but it is relatively new for real estate contracts to be signed electronically.

And by now introducing this as standard practice, lawlab, one of Australia’s largest national residential conveyancing providers, is making the contract exchange process easier and more convenient for both buyers and sellers.

Advertisement
Advertisement

Lawlab calls it “the final barrier” in offering a streamlined online real estate service. 

Lawlab partners with real estate groups, finance aggregators and brokers to deliver its conveyancing services through the secure online collaboration platform, Rundl. 

In February this year, Rundl and DocuSign announced a partnership to bring the contract signing and exchange process completely online.

Managing director of lawlab Ian Perkins said the firm has delivered more than 25,000 transactions over the past four years.

“But what was preventing us from fully streamlining the service was the acceptance of digital signatures – we have been waiting for the industry to catch up,” he said.

“Now we are starting to see more industry players accept this technology.”

The initiative has been well accepted by the industry so far.

Tifanie Milton, a recent home seller from Queensland said signing the contract was so much easier using the online platform.

“I was waiting in the lounge to board a flight when I got a message that my sale contract terms had been agreed and the contract was ready to sign.
Within minutes, I received a link to the contract by email and was able to sign it digitally using DocuSign on my laptop. The contract was automatically forwarded to the buyer for them to countersign digitally and on getting off the plane I was informed the contract had been exchanged.”

Shannan Whitney, director at BresicWhitney, also endorsed the service.

“BresicWhitney continue to focus on improving the real estate experience and streamlining the conveyancing process is a natural extension of this,” he said.

New tech likely to find favour with agents
laptop technology potential
lawyersweekly logo
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.