About TransactionDesk®

How TransactionDesk® works:
  • This is a new innovative technology enabling two or more parties to execute a contract eliminating faxes and illegible copies.
  • All the forms and contracts are in editable PDF format.
  • We send to you a link via email which will take you to the folder containing all the needed forms and contract.
  • We simply forward a TransactionDesk® email link to the buyer who inserts their name, offer amount, deposit, terms etc.
  • We can also send links for others to have “view only” permissions to the documents. This way you may invite others such as your attorney to review them.


The TransactionDesk® Folder contains:
  1. FAR contract
  2. Seller's Disclosure
  3. Mold Disclosures
  4. Lead Paint Disclosure
  5. Any other needed addendums to contract


More details on how it works…
  • The seller and buyer provide to us their email addresses and the addresses of any other third party that they wish to review the forms and contracts. Only the buyer and seller can change, counter or modify the forms or contracts as we set this parameter using passwords. All other parties have “view only” permissions.
  • Any time a change is made, the previous or original offer and terms is saved as “previous offer and terms” so no party can delete a change; they can only make a new change that becomes a “counter”.
  • Since President Bill Clinton signed the E-Sign law of 2001, electronic signatures are now as enforceable as a hand written and signed contracts. All electronically signed contracts carry the same credibility and protection in a court of law as any other form of contract. Furthermore, all Federal Laws protecting violations of wire fraud and mail fraud apply.


 

TransactionDesk® is the way of the future in managing contracts in real estate transactions. Through Realtor® invitation, people can move contracts back and forth online while electronically signing the documents in PDF format. To ensure official documentation, services such as Authentisign and the USPS Electronic Postmark® are available for a minimal fee. The advantages to utilizing such a method versus the traditional paper alternative are:

  1. Eliminates hard to read faxes that often become illegible due to the back and forth nature of the offer-counter offer process.
  2. Contracts and forms can be digitally signed, authenticated and protected by the US Postal Service's Electronic Postmark technology
  3. Ability to conveniently invite brokers or attorneys to review forms before submission
  4. Users are not required to download 3rd party proprietary software to view and edit forms

AuthentiFax is a browser-based signing service that enables documents to be sent via fax from the internet to multiple parties, where they can be signed and faxed back into the system. When signed documents are received they are automatically forwarded to the next signing party for signature and return. A complete audit trail and history of all of the document versions, signing parties, signatures and time of transmission and arrival are stored and available. Documents sent and received may be digitally signed using the USPS EPM (see above). The use of the EPM protects the documents against tampering and fraud while time stamping and locking down the content of the document. Documents signed using the EPM are protected by the US Postal Service enforcement branch.


The USPS Electronic Postmark® (USPS EPM®) is a web-based security service that enables users to verify authenticity, provide tamper detection, and date and timestamp electronic documents and files. Evidence of content authenticity is stored in the USPS EPM repository for seven years to ensure trusted non-repudiation of content.

AuthentiSign is an Adobe PDF browser-based signing service that enables PDF documents to be routed through the internet to up to four signing participants for signing and approval. The AuthentiSign signing process involves the following steps:

  1. The Owner/Creator of the signing process places signature and initial request tabs onto a document that needs to be signed and initialed.
  2. The Owner/Creator of the signing process then invites in signing participants to join the signing process.
  3. Signing participants are sent invitations requiring that they agree to participate in an on-line digital signing process followed by logging into the service to change a generic username and password assigned to them at the start of the signing.
  4. After the signing participants have been authenticated, they are sent a second email providing a link access to the document with their new authenticated user name and password.
  5. Once the signing participants have used their new user name and password to access the document, they simply click on the Signature and Initial request area on the document to accept and place their signature/initial on the required locations on the document.
  6. Notification of a document being signed and approved by a signing party is sent to the Owner/Creator of the signing. They can then automatically route the document to the next required signing participant in the signing process.
  7. Once all parties have signed and approved the document, a final signed version of the document, with the complete audit trail and history of the signing, is forwarded to all parties involved.

Documents sent and received also have the ability to be digitally signed using the USPS EPM. The use of the EPM protects the documents against tampering and fraud while time stamping and locking down the content of the document. Documents signed using the EPM are protected by the US Postal Service enforcement branch.


Powered by the ADDvantage Real Estate Network