Problems of Real Estate Assignment Using New Electronic Technologies

Irina Emelkina

Irina Emelkina Russian Presidential Academy of National Economy and Public Administration https://orcid.org/0000-0002-0071-0163

Keywords: real estate, land plot, electronic contract, electronic signature, Rosreestr, state registration of real estate, notarization, residential and non-residential premises

Abstract

The paper analyzes the problems related to the introduction of new electronic technologies in real estate assignment transactions. The law on registration of real estate title, electronic notarization and e-signature, as well as real estate transaction practices of different agencies are reviewed. The conclusion is made on the need to apply a differentiated approach to introducing new electronic technologies into real estate transactions, and to maintain the existing restrictions in the form of a shared document applicable to residential real estate. It is suggested to recognize online real estate transactions involving two notaries as attendee transactions under civil law authorized under the respective regime. The procedure for online transaction involving two notaries should lay the groundwork for instituting a legal regime for e-transactions involving other professional real estate market players.

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Author Biography

Irina Emelkina, Russian Presidential Academy of National Economy and Public Administration

Professor, Doctor of Sciences (Law)

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