June 24, 2015 -- The use of electronic signatures on agreements of purchase and sale is around the corner. The amendment to the Electronic Commerce Act, 2000 allowing the use of electronic signatures is awaiting proclamation.
We expect electronic signatures to be permissible as of July 1, 2015; however, TREB will keep Members up to date on the progress of this proclamation.
Electronic signatures on agreements of purchase and sale will help improve transaction efficiency by reducing the time required to complete a deal. In doing so, electronic signatures will help improve the consumer experience while saving REALTORS® time and money.