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#123669 - 12/05/06 11:04 AM original vs copies
Area Pro Realty Offline
Member

Registered: 05/24/06
Posts: 284
Loc: California
Curious, do any of you require original signatures from your agents when they turn in paperwork, or do you allow copies?
_________________________
Author of "How to Evaluate Real Estate Franchises" www.EvaluateREFranchise.com
and host of Real Estate Agent Radio
www.RealEstateAgentRadio.com

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#123670 - 12/05/06 03:22 PM Re: original vs copies
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2743
Loc: CO
In our contracts you can spell out what is acceptable, originals, copies/faxes and/or electronic signatures. My broker will accept any or all methods I identified in the contract.

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#123671 - 12/05/06 10:38 PM Re: original vs copies
Jerry W Offline
Member

Registered: 02/15/06
Posts: 175
Loc: California
In our office, agents keep originals.
_________________________
Salem Real Estate

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#123672 - 12/05/06 10:48 PM Re: original vs copies
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8471
Loc: georgia
Copies: Our system is pretty cool we fax them in and they are uploaded onto our tms system where they are stored online for each transaction so they can be pulled up electronically.They are held for 3 years which is the requirement for the ga real estate commission because of random audits of the files.

The files are replicated in about 6 other areas in case the system went down or had a virus.It's pretty awesome knowing everything is online and you don't have to woory about keeping up with old files and papers stacking up everywhere from closings.

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#123673 - 12/06/06 04:50 AM Re: original vs copies
PlatinumBroker Offline
Member

Registered: 11/28/06
Posts: 319
Loc: Arizona
if one of my agents writes a contract, then that original HAS to come back to the company. copies are acceptable if the contract was written from an agent from another company.
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Specializing in REO & Investment Property

Owner/Broker
(928)854-5505 -Office
(928) 854-5505 -Fax
www.PlatinumUSARealty.com
Keri@PlatinumUSARealty.com


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#123674 - 12/06/06 08:48 AM Re: original vs copies
graysqwrl Offline
Member

Registered: 08/16/05
Posts: 197
Loc: 3rd Rock From The Sun
I usually just maintain copies of files.

I have them electronically stored in 3 different servers at different locations

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#123675 - 01/06/07 12:11 PM Re: original vs copies
Cynthia Offline
Member

Registered: 03/31/06
Posts: 20
Loc: Northwest area, IL
Agents keep originals.
_________________________
Biechler Group Real Estate

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#123676 - 01/06/07 09:16 PM Re: original vs copies
d1Loans Offline
Member

Registered: 10/28/06
Posts: 42
Loc: .
how do you electronically stored them?? software,machine, do you upload page by page??
_________________________
Real Estate is Great!!!

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#123677 - 01/06/07 09:18 PM Re: original vs copies
Area Pro Realty Offline
Member

Registered: 05/24/06
Posts: 284
Loc: California
high speed scanner
_________________________
Author of "How to Evaluate Real Estate Franchises" www.EvaluateREFranchise.com
and host of Real Estate Agent Radio
www.RealEstateAgentRadio.com

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#123678 - 01/12/07 09:42 PM Re: original vs copies
Heading for the Top20 Offline
Member

Registered: 12/30/05
Posts: 228
Loc: Rochester, NY
I manage all my transactions (personally) on my tablet P.C. and only turn them into my office once everything is signed off on.

Counter offers are done through a internet fax and my clients sign the computer screen and away it goes. I don't deal with papers anymore ... it's awesome!

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#123679 - 01/13/07 09:33 PM Re: original vs copies
graysqwrl Offline
Member

Registered: 08/16/05
Posts: 197
Loc: 3rd Rock From The Sun
sorry, I should've clarified. I store everything in .pdf

One of our printers can also feed documents and scan them. It goes quickly.

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#123680 - 01/14/07 04:08 PM Re: original vs copies
Devil's Advocate Offline
Veteran Member

Registered: 01/03/05
Posts: 538
Loc: Ontario, Canada
Copies:
Locally we are required to deliver 1 executed original document to each of the parties at the time of signing of an Agreement to Purchase.

This particular document results in a total 6 or 7 original documents being executed as follows:

Buyers (2) and Sellers (2) Listing broker (1) Selling broker (1) and agent (1).

Listing broker is required to forward a copy of their original to their clients attorney.

Selling broker keeps an original for his files and the buyer's will usually deliver one of their originals to their attorney and make a copy for their lender, if required for attachment to their mortgage application.

Although not required, it is advisable that all agents maintain a complete and duplicate file of his own in the event of a dispute or they change brokerage firms.

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