Choosing the right tools can make your job much easier. For real estate agents, handling piles of paperwork is a big part of closing a deal, and e-signature tools help speed this up.
Two popular names you will hear are Dotloop vs DocuSign. Both let you and your clients sign documents online, but they work in different ways. This article will help you decide which one is the best fit for your real estate business.
What is Dotloop?
Dotloop is more than just an e-signature tool. It is an all-in-one system made just for real estate agents to manage their deals from start to finish.
Think of it as a single online workspace, or a “loop,” for each property deal. You can create, edit, share, and sign all your contracts and forms inside this loop. It also helps with compliance and connects everyone, agents, clients, and coordinators, in one place.
What is DocuSign?
DocuSign is a very popular and trusted tool used by many industries, not just real estate. Its main job is to get documents signed electronically, and it does this very well.
It is famous for being simple, secure, and easy for clients to use on any device. While it isn’t a full transaction manager on its own, its “DocuSign for Real Estate” plan gives you access to real estate forms and connects with other tools you already use.
Conclusion: Dotloop vs DocuSign
Dotloop is best if you want one system to manage your entire real estate transaction, from listing to close. DocuSign is the better choice if you just need a simple, powerful, and easy-to-use e-signature tool that works well with other software.
Frequently Asked Questions (FAQs)
- Which tool is easier for clients to use?
DocuSign is generally seen as slightly easier for clients. Its signing process is very simple, clean, and well-known, which gives clients confidence.
- Is Dotloop only for real estate?
Yes, Dotloop is a special tool designed from the ground up just for the real estate industry. This is why it includes features like transaction management and compliance checklists.
- Can I use DocuSign for real estate?
Absolutely. DocuSign is very popular in real estate and even has a special “DocuSign for Real Estate” plan. This plan gives you access to official real estate forms from your association.
- Are electronic signatures from Dotloop and DocuSign legal?
Yes, both Dotloop and DocuSign provide legally binding e-signatures that comply with the ESIGN Act and UETA in the United States, making them valid for real estate contracts.
- Which one is better for a new real estate agent?
It depends. If you want a simple signing tool, start with DocuSign. If you want to learn one system that can manage your entire workflow as you get busier, Dotloop is a great choice.
- What is a “loop” in Dotloop? A “loop” is the name Dotloop gives to a transaction’s online workspace. It holds all the documents, people, and task lists related to one specific property deal.
- Does Dotloop connect with other software?
Dotloop connects with some other software, but DocuSign is known for having many more integrations. If you use a lot of different apps, DocuSign is often the more flexible choice.
- Which tool is better for a large brokerage?
Many large brokerages like Dotloop because it allows them to manage compliance and see all agent transactions in one system. However, many also choose DocuSign for its security and brand recognition.
- Do I need to download an app to sign?
No, for both tools, your clients do not need to download an app. They can sign directly from the web browser on their computer or smartphone.
- How is the pricing different?
Pricing for both tools depends on the plan. DocuSign has plans for individual agents, while Dotloop’s premium features are often used by agents, teams, or whole brokerages. You should check their websites for the most current prices.
