CrossRef 2025

Activation and Advancement Plan for the Current Real Estate Electronic Contract System

KOREA ASSOCIATION OF REAL ESTATE LAW Wan-Kyu Jang

Abstrak

This paper comprehensively analyzes the current status, problems, overseas cases, development plans, and advancement plans of the real estate electronic contract system. The real estate electronic contract system is a system that allows real estate transactions to be concluded in one stop using a public authentication certificate and a tablet PC without visiting a brokerage office. After creating an electronic contract and signing it electronically, a confirmation date is automatically assigned, and actual transaction reports are also automatically processed when a sales contract is made, increasing safety and convenience. However, several shortcomings are pointed out, such as the fact that private contract contents are stored in a system operated by the government, and it is difficult to confirm the willingness of the transaction parties when signing a non-face-to-face contract. Overseas cases include the MLS in the US, REINS in Japan, blockchain-based transaction systems in Europe, and PEXA in Australia, which prove the development and efficiency of the real estate electronic contract system. The paper proposes UX improvement, education program provision, promotion, and incentive provision as ways to activate the real estate electronic contract system from the perspective of increased use. In addition, from the perspective of system improvement and security, it emphasizes the introduction of blockchain technology and application of multi-authentication methods. From the perspective of preventing illegal acts and legal regulations, the legal effect of electronic contracts is clarified, and dispute prevention through legal reorganization is emphasized. As a means of advancement, decentralization of the system through the introduction of blockchain technology, improved security, and introduction of smart contracts are proposed, which can increase the transparency and efficiency of real estate transactions. In conclusion, continuous efforts and legal and technical supplementation are necessary to activate and advance the real estate electronic contract system, and through this, the transparency of real estate transactions can be increased and convenience for the public can be enhanced.

Penulis (2)

K

KOREA ASSOCIATION OF REAL ESTATE LAW

W

Wan-Kyu Jang

Format Sitasi

LAW, K.A.O.R.E., Jang, W. (2025). Activation and Advancement Plan for the Current Real Estate Electronic Contract System. https://doi.org/10.32989/rel.2025.29.1.59

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Informasi Jurnal
Tahun Terbit
2025
Bahasa
en
Sumber Database
CrossRef
DOI
10.32989/rel.2025.29.1.59
Akses
Terbatas