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Oh Division Of Re Rules Disciplinary ProcessBrokerage_operations_ohHARD

An Ohio broker operates a brokerage that does virtual closings. The broker uses electronic signatures for all documents. Under Ohio law, electronic signatures on real estate documents are:

Correct Answer

A) Legally valid under Ohio's Uniform Electronic Transactions Act (UETA), with certain exceptions for documents requiring notarization

Ohio adopted the Uniform Electronic Transactions Act (UETA) under ORC Chapter 1306, which gives electronic signatures the same legal validity as traditional signatures for most real estate documents. However, certain documents that require notarization or specific formalities may have additional requirements.

Answer Options
A
Legally valid under Ohio's Uniform Electronic Transactions Act (UETA), with certain exceptions for documents requiring notarization
B
Not legally binding in Ohio
C
Valid only for documents under $100,000 in value
D
Valid only if both parties are physically present during signing

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Related Topics & Key Terms

Key Terms:

electronic_signaturesUETAvirtual_closinglegal_validity
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