Real Estate Agents finally try to stop killing trees

LEGISLATION TO ENHANCE ELECTRONIC REAL ESTATE TRANSACTIONS INTRODUCED AT QUEEN’S PARK

Catching up with current technology, a private members bill co-sponsored by Progressive Conservative MPP Todd Smith (Prince Edward-Hastings) and Liberal MPP Yasir Naqvi (Ottawa Centre), if passed, would provide a much needed reduction in paper usage, typically assocaited with complex real estate transactions.

The legislation would facilitate the use of electronic agreements of purchase and sale by extending the legal protections afforded by the Electronic Commerce Act, 2000.

A side benefit we will expect to see, is a proliferation of robust software applications to allow real estate professionals to take advantate of the 'paperless' transaction process.  You could be signing for the purchase of your next new home on a smartphone or iPad!

From OREA Blog

Press Release