Realforms claims a digital conveyancing first
Digital real estate agreement provider Realforms says it has been the facilitator of the first house sale and purchase agreement to be finalised without ever touching pen to paper.
Realforms says the sale and purchase agreement was completed at 15:59 on Wednesday, 19 September 2018. It was drafted, e-signed, negotiated, edited, accepted and finalised for a residential property in Christchurch, without touching a single piece of paper or a pen.
"Realforms was thrilled this world first occurred in New Zealand," says Realforms CEO Jordan McCown.
"Initially, we were going to launch in Australia, but their e-signature legislation was archaic in comparison to the more modern legislation in New Zealand.
"Plus, Sale and Purchase Agreement for real estate legislation varies between states and territories in Australia and e-witnessing is not allowed in most Australian states and territories. Our digital S&P can be used from Cape Reinga to Bluff and e-witnessing is legal in New Zealand. New Zealanders and their government should be proud of this milestone."
Last updated on the 16th September 2019