Industry News

10 takeaways for paperless real estate

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

One of the content themes at Inman News' Real Estate Connect NYC was the paperless real estate transaction. What does the future look like, who must participate and what are the standards? Here are the top 10 takeaways we identified at the close of the conference:   1. This is not a tech problem: Technology already exists to make the paperless real estate transaction a reality.   2. Legislation for e-signatures is in place, removing one of the largest hurdles to making a paperless transaction possible. However, arcane local rules make some parts of the process slow to adapt to paperless.   3. Industry acceptance and adoption of methods, standards and technology for automated transactions lags overall.   4. Uniform technology standards remains one of the most complicated and expensive challenges the industry faces in moving forward with automated transactions.   5. Forward-looking brokers who force change by implementing automated transaction platforms will b...