Real estate business contracts must be made in writing. The notarization and authentication of contracts shall be agreed upon by the parties, except for contracts of sale and purchase, lease-purchase of houses, construction works, and contracts for transfer of land use rights which are sold or transferred by the parties being households or individuals. In case of small-scale or irregular real estate transfer, lease, lease-purchase as prescribed in Clause 2, Article 10 of this Law, it must be notarized or authenticated. Thus, according to the provisions of law, real estate business contracts must be made in writing. If the parties to a real estate transaction must make a written contract but fail to do it or perform but not notarize or authenticate it according to the provisions of the law, they may be administratively sanctioned.

What to include in a real estate contract. A real estate contract should include: Buyer’s name and contact information Seller’s name and contact information Location of the property Value of the property Purchase price and prepayment for the property Date of sale and closing Transaction timeframes and sales completion deadlines Detailed information about who pays for expenses such as inspections, surveys, title insurance and closing costs Information about facilities benefits, property taxes and other fees Closing date

Validity of real estate business contract 

The effective time of the contract shall be agreed upon by the parties and stated in the contract. If the contract is notarized or authenticated, the effective time of the contract is the time of notarization or authentication. If the parties have no agreement, no notarization or authentication, the effective time of the contract is the time when the parties sign the contract. (Clause 2, Article 17 of the Law on Real Estate Business)

Send documents for electronic signature. Real estate contracts often require several signatures from the parties involved as proof that they understand and agree to the various sections and subsections. Whenever a contract is modified or updated, or an addendum is added, a new signature is required. Collect electronic signatures so that all parties can review and agree to the contract and proceed with the transaction.

Fill out and sign online forms. Real estate sales contracts are just one part of a larger series of documents. Commercial and residential sales can include several forms outlining everything from home inspections to objections to zoning, and all of them need to be reviewed and signed by stakeholders. . Electronic forms make life easier for homeowners, real estate brokers, sellers and all others who may be involved in the sale of property from one party to another.

Steps to sign an electronic contract on FPT.eContract To sign an electronic contract on FPT.eContract, the signer does not need to have an account in the system, just receive the contract from the email from the creator. And includes the following steps: – The signer can access the device: computer, tablet, smartphone to receive email notification to sign or review the contract. – The user will then open the email notification that the contract needs to be signed, log in to the FPT.econtract system and go to the “Notification” section. – At the Notification screen, the contract to be signed will appear, select the contract and press the “sign” button. – Check the checkbox: “I have read, understand and agree to the terms of electronic documents…” Click confirm to move to the place to sign. – Select the image signature icon, open the “Signature information” screen. There are 3 ways to sign images: “From Account”, “From File” or “Draw”. – For digital signature,

Before performing digital signing, it is necessary to check that the digital signing tool has been turned on, the Usb Token has been plugged into the computer or not. If not, the screen is displayed to the user. If the user has not installed the digital signing tool, click on the link on the screen so that the system automatically downloads the digital signing tool to the device and click install to install. – After installation, select the function “Signature and complete” – choose the method “Sign Token”. Select the digital certificate used to sign – select the signing function – The system notices “Signing successful”.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

KYC is the first step in all financial and banking activities because before letting customers enter the journey to use their products and services, the bank or financial institution must know about the customer. mine. In addition, knowing who their customers are also helps banks and financial institutions in determining their identities, and all customer information is clear. From there, put them into a better management and monitoring system.

 

KYC procedures are defined by banks, which involve all necessary actions to ensure their clients are real, and assess and monitor risks. These processes help prevent fraud and identify money laundering, terrorist financing, and other illegal corruption schemes.

 

KYC is a process that includes verification:

 

Identity card/Citizen ID, face verification, biometric verification and verification of customer identification documents such as utility bill (as proof of address) or employment contract (identifying salary, place of work, etc.). These are important, trusted personal data that help banks quickly verify customers.

 

Documents required for KYC process 

 

KYC checks are done through an independent and reliable source of documents, data or information. Each customer is required to provide login information to prove identity and address. Documents required for KYC process: ID card or CCCD card or valid passport: Requires these documents to have clear information, clear portrait, real and valid documents. Permanent residence book or driver’s license or labor contract or payroll or temporary residence registration: These documents are required by customers when they need to borrow money or open a credit account. In May 2018, the US Financial Crimes Enforcement Network (FinCEN) – added a new requirement for banks to verify the identity of customers who are owned, controlled, and profit-making entities from companies when they open accounts. 

 

Those who need to comply with the requirements of eKYC

 

 Open a bank account or online banking Open a credit card account Open a stock and trading account Open an account to buy insurance

 

In fact, when customers want to open any trading account, they must strictly follow KYC rules to verify their identity. Depending on the security level and nature of each type of transaction, financial institutions and banks will stipulate different levels of KYC. The more important the service, the larger the transaction, the higher the KYC requirements will be.

 

eKYC (electronic Know Your Customer) is an electronic customer identification, or online customer identification, allowing banks to identify customers 100% online, simplifying paperwork verification, birth verification biometrics without having to meet face-to-face at the transaction office like traditional KYC. Currently, the governments of many countries around the world have allowed large financial institutions and banks with sufficient physical facilities to switch to electronic customer identification, including Vietnam. From March 5, 2020, the largest banks in Vietnam were allowed to deploy eKYC solutions according to Circular 16/2020/TT-NHNN (TT16) dated December 4, 2020 amending and supplementing some Article of Circular 23/2014/TT-NHNN dated August 19, 2014 guiding the opening and use of payment accounts at payment service providers.

 

The eKYC process helps banks identify their customers as real, based on verifying customer information for risk assessment and monitoring. This is the basis to prevent illegal financial activities such as money laundering, terrorist financing, corruption… – Customer records and data will be stored online forever. Any act of profiteering can be quickly traced to the customer using that service. – eKYC helps customers improve their banking experience. Thanks to eKYC, customers do not have to wait in line to meet the bank staff to make transactions, no need to fill out many forms… 

 

The eKYC transaction is fully automated, without the intervention of any manual operations, so it only takes a few minutes for customers to verify. – eKYC helps improve the bank’s working efficiency while helping the bank save costs for its operations. – Customer data will be automatically stored. The Bank may rely on the data that stores the transaction activity of the customer to predict and recommend the appropriate service for that customer.

 

How is the eKYC process implemented? e-KYC helps customers’ identity verification process be done instantly, anytime, anywhere, increasing the successful customer conversion rate. Customers only take about 3-5 minutes to complete the verification to register for an account. Currently, the eKYC process is usually done in 3 steps as follows: 

 

Step 1: Verify documents: Take a photo of the front and back of the document that the customer wants to verify. Commonly used identity verification documents are ID/CCCD, Passport, Driver’s License… 

 

Step 2: Extract customer information automatically thanks to OCR. FPT.AI’s OCR technology is built on the basis of Artificial Intelligence, giving accurate results up to 98% for common documents such as ID/CCCD, Passport, Driver’s License… can check and edit the information after the machine extracted. If customers register for services that require high security such as opening credit cards, opening securities trading accounts, buying insurance packages, etc., customers may have to verify more types of documents such as Household Import, Labor contract, Salary statement. These personal documents are subject to the requirements of each financial institution, regulated by the bank, and the customer is required to comply, in order to ensure that the customer meets the requirements to use that service. 

 

Step 3: Compare the real person and the photo on the ID by taking a selfie or video. If the results do not match, the customer will have to re-validate. FPT.AI owns many technologies to verify the accuracy of reality such as Facematch, Liveness detetion… ensuring information security and anti-counterfeiting.

 

Technology applied in eKYC solution

 

OCR technology is integrated in the eKYC process to extract information from identity documents such as passports, ID cards, driver’s licenses and upload encrypted information to the system. The whole process from data extraction to metric formation takes no more than 3 seconds making the process fully automated and accuracy up to 99%. Verified documents 

 

For Citizen Identity Verification Check the accuracy of the format like ID number, 2D barcode. Verify your name, date of birth, and address. Detects crumpled, folded edges. Check if the image has photoshop interference or fake. Verify microtext, hologram, rainbow print, guilloche pattern. Opacity detection, fraud. For Passport Verification Consider the match of name, date of birth and expiration date with the machine readable zone. Fraud detection through fonts, holograms, signatures. Check the correctness of the format on the passport. Detects crumpled, folded edges. Determine if the image is fake. Verify hologram, print rainbow. Opacity check, cheat. To verify a Driver’s License Check the accuracy of the format. Detects crumpled, folded edges. Check if the image is photoshopped or fake. Verify hologram, rainbow print, guilloche pattern. Opacity detection, fraud.

 

Facematch technology 

 

FPT.AI’s Facematch technology was born to improve the accuracy of ekyc electronic customer identification process. Equipped with Deep learning technology, Facematch has the ability to analyze and compare the match of portrait photos on customized documents such as CCCD/ID, Driver’s License, Passport… with photos/videos real face, to accurately identify the owner of those papers. Facematch API has a very simple operation method, users can easily manipulate on devices such as computers, mobile phones. Customers must take 2 photos to upload to the system for comparison. One is a photo of identification documents including: ID card/CCCD, Driver’s License or Passport. The second is photos of real people that need to be compared.

What is real estate contract?

A real estate contract is a legally binding document between the buyer of real estate and the seller. Like other types of sales contracts, it stipulates that there will be an exchange of title to an asset, often (but not always) for money. For a purchase of a home or property to be valid in the United States, a contract of sale must be in writing. Real estate contracts are different from mortgage papers. A mortgage is an agreement between a borrower and a lender to secure a loan to be used to purchase real estate, while a real estate contract is between a buyer and the owner of the property, and it related to the property itself.

 

According to the law, In real estate business activities, contracts must have the main contents as prescribed in Articles 18, 47 and 52 of the Law on Real Estate Business 2014. Particularly, types of contracts The form shall be applied according to the form of contracts issued according to legal documents from before July 1, 2015, specifically, the contract contents are as follows: Names and addresses of the parties; Real estate information; Price of purchase, sale, lease, lease purchase; Payment method and term; Time limit for delivery and receipt of real estate and attached documents; Insurance; Rights and obligations of the parties; Liability for breach of contract; Contract violations; Cases of contract termination or cancellation and handling measures; Dispute resolution; Effective date of the contract.

 

How to draft a real estate contract. 

 

In most cases, an attorney needs to draft and create a real estate contract. In some states, a real estate agent may have access to a contract form or template, and they are legally allowed to fill in the blanks on that form. However, they cannot create or change anything substantive, since that would technically be the practice of law. Check your state’s requirements to see if your broker or broker can work with the model, or if you should have a real estate attorney draft a personalized contract for you. No.

 

Send documents for electronic signature. Real estate contracts often require several signatures from the parties involved as proof that they understand and agree to the various sections and subsections. Whenever a contract is modified or updated, or an addendum is added, a new signature is required. Collect electronic signatures so that all parties can review and agree to the contract and proceed with the transaction.

 

Fill out and sign online forms. Real estate sales contracts are just one part of a larger series of documents. Commercial and residential sales can include several forms outlining everything from home inspections to objections to zoning, and all of them need to be reviewed and signed by stakeholders. . Electronic forms make life easier for homeowners, real estate brokers, sellers and all others who may be involved in the sale of property from one party to another.

Steps to sign an electronic contract on FPT.eContract 

 

To sign an electronic contract on FPT.eContract, the signer does not need to have an account of the system, just receive the contract from the email from the creator. And includes the following steps: – The signer can access the device: computer, tablet, smartphone to receive email notification to sign or review the contract. – The user will then open the email notification that the contract needs to be signed, log in to the FPT.econtract system and go to the “Notification” section. – At the Notification screen, the contract to be signed will appear, select the contract and press the “sign” button. – Check the checkbox: “I have read, understand and agree to the terms of electronic documents…” Click confirm to move to the place to sign. – Select the image signature icon, open the “Signature information” screen. There are 3 ways to sign images: “From Account”, “From File” or “Draw”. – For digital signing, users will digitally sign with USB Token. Before performing digital signing, it is necessary to check that the digital signing tool has been turned on, the Usb Token has been plugged into the computer or not. If not, the screen is displayed to the user. If the user has not installed the digital signing tool, click on the link on the screen so that the system automatically downloads the digital signing tool to the device and click install to install. – After installation, select the function “Signature and complete” – choose the method “Sign Token”. Select the digital certificate used to sign – select the signing function – The system notices “Signing successful”.

 

Compared to paper contracts, electronic travel contracts are more convenient and faster. They can be signed anytime and anywhere without face-to-face meeting, saving on contract courier and printing costs. Each signed travel electronic contract is stored on the blockchain through the Shield platform. It cannot be tampered with and can be verified for authenticity. Once a dispute occurs, it can protect the legitimate rights and interests of both parties. Travel e-contracts are important for traditional travel agents and OTA platforms. Said it saves costs and improves work efficiency.

 

For more information, please contact FPT.eContract:

Phone number: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT.eContract

Over the past 20 years, digital technology has streamlined nearly every aspect of the real estate industry. Buyers, sellers and agents only need a smartphone or tablet and a wireless connection to sign real estate documents. The e-signature solution is a “must have” feature that allows your clients or clients to sign real estate leases, listing agreements, offers or contracts on the go.

 

Here are five ways that digital signatures can benefit real estate agents and ensure paperwork doesn’t hinder productivity:

 

Faster real estate transactions

 

Real estate companies are constantly pursuing technologies that help them list and sell homes faster and more efficiently. The implementation of a digital signature solution ensures improved ways to produce, manage and transmit legal documents related to the purchase of a home or business. As a real estate agent, you will likely appreciate the unique autofill DigiSigner template feature. It will give you the freedom to get work done faster, create, distribute and eSign documents – anytime, anywhere, on any device.

 

Easy to use

Gone are the days when the process of selling a home or property required complicated procedures. Signing dozens of hardcopy documents such as offers and sales agreements is a thing of the past. Allowing documents to be digitally signed saves valuable time for anyone buying or selling property, especially when the two parties are at a distance. Brokers, agents and their clients want to ensure that they are using a secure system that does not share, take over, or sell their information to third parties. DigiSigner makes buying or selling homes easier by allowing real estate agents to register eSign documents quickly, confidentially and securely.

 

Satisfying customers and partners

 

By using Signeasy, all parties involved in a real estate transaction can sign documents anywhere, anytime and from their preferred device. It’s a win for everyone, especially the customer.

 

Reduce complexity and error

 

Go beyond the usual cycle of printing, scanning and sending documents, or even scrolling up and down to get a signature. Changes or errors in the document can be edited and shared instantly. No more delays in closing deals because of human error.

 

Compliance and security

With FPT, you can easily fill out and sign many of the required documents and ensure compliance at every stage. In addition, audit trails of all your paperwork are maintained to prevent negligence

 

Free document eSign solution for the education industry:

 

Are we ready to apply? Now that we are all clearly aware of the importance and benefits of digital signatures in the education sector, it is safe to say that they represent my talent or trustful support for the digital transformation of educational institutions. A variety of applications provide the basic foundation for applying digital signatures. Improved financial performance, expanded student services and reduced operating costs are some of the significant advantages of digital signatures. Another role of e-signatures in online education and learning is visibility into electronic signature statistical processes. It helps students find better opportunities to interact with organization management and focus more on studies and other related activities.

 

 

For more information, please contact FPT.eContract:

Phone number: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

1900.636.191

The education landscape is increasingly moving towards digital transformation. Moving towards paperless solutions can bring you many benefits for different industries and sectors. One of the fastest growing sectors that have adopted e-signature solutions is the education sector. Educational institutes are adapting new technologies to improve their efficiency at the academic and administrative levels. Everyone in this field, especially students and teachers, is aware of new technology. They know about the possible methods of online communication through different devices such as computers, mobile phones and tablets. The administrative concerns of the education industry are growing at such a rate that it must radically change with students’ needs for a digitalized experience.

 

Benefits of digital signature in education industry

One of the most relevant tools to transform paper-based processes is the Digital Signature that has made its mark in the education industry. It helps to minimize the need for transactions to simplify paperwork and reduce form errors. Let’s look at potential reasons for the need for digital signatures in the education industry.

 

Save time, money and focus on activities

Schools and universities save money and time by automating the presentation and signing of documents. From filling out admission forms to digitally signing degrees and marking certificates, digital signatures have made a huge contribution to the education industry. Retrieving the entire file of any student is instantaneous and simply not an exhausting process. Excess time without having to do all the tedious work can now be used for core activities.

 

Approve proposals faster

Many educational institutions need financing for their research proposals. However, the levels of the exam are expanding significantly close to the increasing trend of budget cuts for educational institutions. In this way, analysts need promising answers to communicate their work in front of key parties. It can help make visible evidence of any unmet conditions in the basic stages of the cycle. Then you can better ensure accuracy and punctuality in submitting research proposals. Therefore, the need for electronic signatures in the education industry is evident in providing better research proposals. The effectiveness of providing research proposals can see notable innovations and advancements in the long term.

 

The adoption of e-signatures also helps in efficient monitoring of forms and a great e-signature service that can automatically notify parents and students to sign forms. Submission of signed documents for the education sector. provide more efficient and simple document tracking services in real time to avoid any inconvenience and get better visibility and speed along with simplifying the registration process.

 

Institutional processes and comprehensive integration

Another need for digital signatures in the education industry is that they provide reliable support for integration with different technologies. Various departments leverage different technologies and systems to their potential advantage in large-scale deployment of different departmental functions. Electronic solutions can effectively integrate with various administrative processes including enterprise content management, sales automation, document management systems and student records management. The integration of the latest, sophisticated e-signature solutions ensures a complete digital transformation with its coverage of all administrative and educational processes. Educational institutions widely apply these electronic solutions integrated with the widest range of solutions mentioned above.

 

According to Decree 26/2007/ND-CP of the Government: “Digital signature” is a form of electronic signature created by transforming a data message using an asymmetric cryptographic system in which the person who obtained the original data message and the signer’s public key can be accurately identified.” A digital signature is a form of electronic signature based on public encryption technology More simply, a digital signature can be understood as a form of electronic signature based on public encryption technology. It acts as a signature for individuals or a seal for businesses and is legally recognized. Digital signatures are signed on documents and digital documents such as word, excel, pdf… These documents are used for online tax payment, electronic customs declaration and other electronic transactions. It does not need to use paper and ink, it attaches defining characteristics of the parties signing a certain undertaking.

 

Legality of digital signatures

A digital signature must meet the following legal requirements: The signature is generated when the digital certificate is valid, and verifiable by the public key recorded on the valid digital certificate. Formed by the security key corresponding to the public key recorded on the digital certificate issued by the competent authority. The private key is only under the control of the signer at the time of signing. The security key and data message content are only attached to the signing subject when that subject digitally signs the data message.

 

There are many ways to create a digital signature.

Each initialization signature typically takes only a few clicks or swipes, and will be stored in the subject’s HelloSign account for future reuse. A few ways to get started: Draw a signature with your finger or stylus. This is super handy if you’re logging in on a mobile or tablet. With just access to a touchscreen, you can use your finger to create handwritten signatures directly in your documents. Upload your photo signature. Use your phone or camera to capture your signature on paper. Once uploaded to your HelloSign account, the photo will be converted to a .png file and neatly placed under your document signature. Use the cursor to draw the signature. Using a mouse or trackpad, you can drag the pointer along the signature line to create a unique digital signature. Use the keyboard to enter your signature. This is the easiest way to create a digital signature. Once you’ve finished typing your name, you can choose a font that matches your signature.

 

Legal digital signature providers for businesses: VIETTEL, FPT, BKAV, CK, VINA, NEWTEL, NACENCOMM, SAFE-CA. Businesses can buy digital signatures from these vendors.

 

To let the paperwork not slow down the real deal Going through the lengthy paperwork in Real Estate transactions faster means faster turnover and saves a lot of time and effort. Signeasy’s digital signature provides real estate brokers, agents, buyers and sellers a quick and efficient way to authorize a sale and execute a transaction without sacrificing convenience. .

 

 

 

 

For more information, please contact FPT.eContract:

Phone number: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Consult for me

On December 9, Electronic Contract Software – FPT.eContract developed by FPT Information System (FPT IS) was honored to be awarded the Vietnam Digital Transformation Award by the Vietnam Digital Communications Association – Vietnam Digital Awards 2021. This is the third prestigious award of FPT.eContract in 2021, contributing to affirming the outstanding quality of a software “Made by FPT IS” just over a year after its launch.

Based on the criteria of comprehensiveness, creativity, efficiency…, FPT.eContract was excellently awarded the Vietnam Digital Transformation Award 2021  in the category of  Standard digital technology products, services and solutions. Launched in mid-2020 – right at a time when the COVID-19 pandemic has complicated developments, FPT.eContract has become a pioneering solution in the e-signing market in Vietnam, helping organizations and businesses not only quickly transform the signing method to promptly respond to the pandemic, but also step by step digital transformation and breakthrough in the 4.0 era.

FPT.eContract was awarded the Vietnam Digital Transformation Award 2021 

Compared to other solutions today, FPT.eContract is not only a digital signing tool, but also allows users to initiate and set up a review/signing flow and manage the entire online signing process on one system. single system. Thanks to outstanding features combined with 24×7 support from FPT IS team, after just over a year of launch, FPT.eContract is being trusted by more than 700 organizations and businesses with nearly 1,000,000 documents was successfully signed through the system, and became the solution with a large number of leading customers in Vietnam’s e-signing market.

The Vietnam Digital Transformation Award is the third award of FPT.eContract won in 2021. Previously, the “Made by FPT IS” solution was honored to be awarded the Sao Khue Award and the Asia Stevie Awards- Pacific (Asia-Pacific Stevie Awards 2021). The birth of FPT.eContract has brought organizations and businesses an effective anti-epidemic “vaccine” to ensure business continuity during the pandemic, while also contributing to promoting the process of national digital transformation. The solution is expected to create a revolution in the method of signing in business and commercial activities in Vietnam in the near future.

The Vietnam Digital Transformation Award 2021 honors 53 state agencies, non-business units, businesses and individuals.

2021 is the fourth year that the Vietnam Digital Media Association organizes the Vietnam Digital Transformation Award to honor outstanding digital transformation achievements, thereby contributing to promoting the national digital transformation. This year, the Award attracted the participation of more than 300 nominations from state agencies, non-business units, businesses and individuals. After many rounds of evaluation, the final panel consisting of leading experts in the field of IT and digital transformation decided to award 53 best nominations in 4 categories including: State agencies, applications excellent digital transformation career; Excellent digital transformation business; Typical digital technology products, services and solutions; Products and solutions to bridge the digital divide.

In addition to FPT.eContract, the “Comprehensive Process Automation Platform for Enterprises akaBot” and the “Comprehensive Artificial Intelligence Platform FPT.AI” of FPT Corporation were also excellently honored at the Digital Transformation Awards. Vietnam 2021.