unit 9 technology in real estate Flashcards

unit 9 technology in real estate Flashcards what is the Electronic Signatures in Global and National Commerce Act (E-Sign)?An act that makes contracts (including signatures) and records legally enforceable regardless of the medium in which they are created.Electronic contracting is?integrates information in a real estate transaction between clients, lenders, and title and closing agents. The transactions are conducted through email or fax and can save both time and money.what are 2 federal acts that govern electronic contracting?1.Uniform Electronic Transactions Act (UETA)2. Electronic Signatures in Global and National Commerce Act (E-Sign) what is Uniform Electronic Transactions Act (UETA)?The law sets forth basic rules for entering an enforceable contract using electronic means.The primary purpose of UETA is to remove barriers in electronic commerce that would otherwise prevent enforceability of contracts what is National Do Not Call Registry?A national registry, managed by the Federal Trade Commission, which lists the phone numbers of consumers who have indicated their preference to limit the telemarketing calls they receive.internet advertising laws and regulations frequently include the following stipulations?All electronic communication by a real estate professional must include the professional's name, office address, and broker affiliation.Real estate professionals must disclose their license status on each page of a website that contains an advertisement.The listing of only a sales associate's name without the sponsoring broker's name in an advertisement is prohibited.An advertisement must be a true, current representation of the information it contains and not be misleading.