by The following five years can significantly impact the adoption of AI in legal and real estate. For real estate, the global AI market is estimated to be worth $20 billion. And for legal, it is going to be $3.90 billion. Clearly, it shows that there is a rise in digital solutions in 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 lots of paperwork is involved in both businesses, it becomes important to consider a quick way to notarize documents such as remote notary services. Nonetheless, notaries nowadays are also making a shift to remote online notarization services. The reason is the increase in their accessibility to many businesses. And it will make them the first choice if somebody searches for a notary near me and they get notarization which saves time.
Thus, remote online notarization service is becoming a preferable option for every sector.
What is Remote Online Notarization (RON)?
To explain online notarization clearly, RON is a solution where any NYC notary can do the notarization for documents irrespective of its location. Unlike traditional notarization, where it is essential to be present in person to verify the document and identity, the RON platform allows notaries to utilize 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 put the e-signature, which a user can download for future use wherever it is required.
It is to be noted that from 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 to get it done 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 suburbs also find reaching notaries in NYC difficult. Therefore, RON comes as a relief for getting all document notarization done in no time.
Another reason which is increasing the preference for RON is the mindset shift of people towards technology. They understand the advantages tech offers, along with information privacy. Further, it demands less effort if used in the right way.
Benefits for the Real Estate Sector
As mentioned above, real estate purchase and sale significantly have increased. It has led to the utilization of online notarization too. There are hidden benefits of RON which are working in favor of real estate.
First, it is closing deals in less time. As soon as official papers like sales agreements, deed forms are prepared with important details, it requires notarization for closing. Thus, mobile notary helps in quickly performing the verification check, that too in the presence of a witness either from the signer or notary side. This allows quick closing of deals and handling of property.
Second, the online notarization process is legally accepted and recorded. This avoids the potential future conflict between parties. And, in future, if the reselling has to be done, the clear transactions and verification would be an assurance of no suspicious activity.
And not the last, but real estate transactions that are using remote notary services can also be done uninterruptedly. The sale of property to foreign investors can be done without any concern of legal issues.
Benefits for the Legal Sector
Similar to real estate, the legal sector also has a list of advantages when they choose remote notary services and utilize RON platform. Listed below are 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 come to legal businesses frequently. Isn’t it becoming a hurdle to visit a notary office every time a new paper comes for notarization? RON platforms such as eNotary On Call, compliant according to government regulations, will be a rescue for legal businesses.
Also, NYC notaries who are providing their in-office document notarization services can shift to a hybrid model. It will help them manage more visitors efficiently. A busy schedule of a notary 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 or the public are skeptical of choosing remote online notarization services. But, as RON was legalized in 2023 when the bill was passed legislatively, 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 not adhering to the government compliance or regulation cannot be used for performing 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 preferable choice for the USA population, there are some challenges which RON is facing.
First and foremost is the elder population is not much aware of technology and its usage. For them, it is hard to use the advanced tech-driven platform. Only the easy-to-understand or step-by-step guided UI could make the task easy for them.
Second is accepting the transition from traditional to modern digital approach. Usually, the learning curve becomes slow when any new shift comes in terms of technology in 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 make 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 want to go with 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 your real estate and legal business document notarization, sign up using eNotary On Call.
