by The next five years can significantly impact the adoption of AI in the legal and real estate sectors.
In real estate, the global AI market is estimated at $20 billion. And for legal, it will be $3.90 billion. Clearly, it shows a rise in digital solutions across both sectors in New York.
Therefore, the legal and real estate businesses in NY should become proactive in utilizing digital methods. It will help them improve their work and offer services to a large population.
Moreover, when both businesses involve a lot of paperwork, it is important to consider a quick way to notarize documents, such as remote notary services. Nonetheless, notaries are also shifting to remote online notarization services. The reason is the increased accessibility to many businesses.
And it will make them the first choice if someone searches for a notary near me and needs notarization, which saves time. In this
What is Remote Online Notarization (RON)?
To explain online notarization clearly, RON is a solution that allows any NYC notary to notarize documents, regardless of their location. Unlike traditional notarization, which requires in-person presence to verify the document and identity, the RON platform allows notaries to use a trusted solution to connect with signers virtually and complete the process in no time.
However, it is important that the platform uses audio-video conferencing technology to perform digital ID verification. Additionally, a notary can add an e-signature, which a user can download for future use wherever required.
It should be noted that, effective June 20, 2022, RON in NY was enacted and became permanent in 2023.
Why New York is Leading the Boom
The answer to this question is credited to several factors. An increase in the adoption of online notarization in New York is due to skyrocketing property sales. Every sale or purchase leads to a transaction that should be legally recorded. The official signing of the papers is crucial for closing the deal between buyers and sellers. Therefore, online notarization is preferred whenever it is required.
Furthermore, the population living in urban areas also faces trouble with public notaries. Reaching out to them demands a long-hour commute and pre-scheduled appointments. A busy NY lifestyle makes managing work and a day for document notarization difficult.
Not only the urban population but also residents in the suburbs find it difficult to reach notaries in NYC. Therefore, RON is a relief, as it gets all document notarization done in no time.
Another reason for the increasing preference for RON is the shift in people’s mindset towards technology. They understand the advantages tech offers, as well as information privacy. Further, it requires less effort when used correctly.
Benefits for the Real Estate Sector
As mentioned above, real estate purchases and sales have increased significantly. It has also led to the use of online notarization. There are hidden benefits of RON that are working in favor of real estate.
First, it is closing deals faster. As soon as official papers like sales agreements and deed forms are prepared with the important details, they require notarization for closing. Thus, a mobile notary helps quickly perform the verification check, preferably in the presence of a witness, either from the signer’s or the notary’s side. This allows for quick deal closures and property handling.
Second, the online notarization process is legally accepted and recorded. This avoids the potential future conflict between parties.
And in the future, if reselling has to be done, clear transactions and verification would provide assurance against suspicious activity.
And not the least, real estate transactions using remote notary services can also be completed uninterrupted. The sale of property to foreign investors can be done without any legal concerns.
Benefits for the Legal Sector
Similar to real estate, the legal sector also has a list of advantages when it chooses remote notary services and utilizes the RON platform. Listed below is only a glimpse of them.
Documents such as affidavits, legal contracts, power of attorney, and more require legal verification and signature. And on a daily basis, these documents frequently come to legal businesses.
Isn’t it becoming a hassle to visit a notary’s office every time a new document needs to be notarized? eNotary On Call, an online notary platform compliant with government regulations, will be a rescue for legal businesses.
Also, NYC notaries providing in-office document notarization services can shift to a hybrid model. It will help them manage more visitors efficiently. A busy notary’s schedule will not disappoint visitors waiting long for document notarization.
Lastly, it also keeps the information private and confidential. Notaries choosing RON platforms for document notarization can be assured of data security. Undoubtedly, this is a key aspect.
Regulatory Backing & Compliance
Most of the time, NYC notaries and the public are skeptical about using remote online notarization services. But as RON was legalized in 2023 with the bill’s passage, online notarization has become legal and data-protected. The bill passed strictly asked to make the solution tamper-proof and keep the audit trails.
Any platform that does not comply with government regulations cannot be used to perform virtual notarization. Further, the transaction and record would not be legally accepted for any document notarized using the respective platform in the future.
Challenges & Considerations
Though it is becoming a preferred choice for the U.S. population, RON faces some challenges.
First and foremost, the elderly population is not very aware of technology and its use. For them, it is hard to use the advanced tech-driven platform. Only an easy-to-understand, step-by-step guided UI could make the task easier for them.
Second is accepting the transition from traditional to modern digital approach. Usually, the learning curve slows when a new shift in technology comes into the market.
Adding to the above challenges, the initial installation cost of solutions, which is always a one-time, though is a little high. However, with RON platforms, which are web applications, users are always charged a notarization fee after the document is notarized.
Future Outlook: Will RON Become the Norm?
With the rapid digitization of legal and real estate processes, Remote Online Notarization (RON) is poised to become standard practice. Its seamless integration with AI-powered document preparation, secure identity verification, and 24/7 accessibility makes it ideal for modern transactions.
As more states push toward national standardization, RON is expected to be part of nearly every real estate and legal deal. Increasing user trust and growing adoption rates signal a future where RON is not just an option, but the industry norm.
Conclusion & Call-to-Action
RON is reshaping New York’s real estate and legal sectors with unmatched convenience and security. As demand grows, professionals who embrace this technology and choose a remote notary services provider will stay ahead. If you’re in the legal or real estate field, now is the time to explore RON platforms, learn, adapt, and lead the change in how transactions are executed.
For notarization of your real estate and legal business documents, sign up with eNotary On Call.
Frequently Asked Questions
1. Is Remote Online Notarization (RON) allowed in New York?
Yes, New York allows remote online notarization. As of January 31, 2023, the state law permits “electronic notarization” via approved platforms.
2. Who can perform a remote notarization in New York?
Only a registered electronic notary public commissioned in New York can perform remote notarization. The notary must be physically located within New York at the time of notarization.
3. What ID-verification and technology requirements exist for RON in New York?
The signer’s identity must be verified (ID card + credential analysis / knowledge-based authentication), and the notarization must happen over a secure audio-video platform that meets state security standards. The session must be recorded and stored in accordance with regulations.
4. Can the signer be outside New York (or outside the U.S.) while doing a remote notarization for New York?
Yes, the signer can be anywhere. What matters is that the notary is commissioned in New York and physically present there at the time of notarization.
5. Are electronically notarized documents accepted for real-estate closings and legal filings in New York?
Yes, New York law allows RON for real estate and other documents, subject to compliance with the electronic notarization requirements.
Helpful eNotary On Call Resources
Need a faster way to complete your notarization? Visit the eNotary On Call homepage to learn how online notarization works, review options for government notarization needs, or explore real estate notarization services. When you are ready, you can create an eNotary On Call account and connect with a commissioned online notary.
A legal content specialist focused on Remote Online Notarization (RON) and digital documentation processes in the United States. The content aims to simplify complex notarization procedures and provide clear, reliable guidance to help individuals and businesses understand secure online notarization services.
