Digital technologies of notary certificate of real estate deals, as means to increase the competitiveness of civil turnover

Abstract

Purpose: The purpose of the chapter it to explore digital technologies of notary certificate of real estate deals, as means to increase the competitiveness of civil turnover. Design/methodology/approach: In connection with the vector set by our state for building a competitive economy special relevance acquire research related to the consideration and assessment of possible directions for the implementation of this strategic objective. According to the authors of the chapter, such a direction is the construction of a digital economy. Acting within the framework of a given direction, individual civil society institutions, actively introducing modern digital technologies into their activities, generally have a positive impact on the civil real estate turnover. Such an institution is notary. Based on a materialistic world view, the authors implement a systematic approach to the research of the problem. Findings: The main objective of this study is to consider the digital technologies used in notary practice, used in particular as part of an action such as notarization of real estate deals in electronic form, as well as a critical analysis of the effectiveness of digital tools, the introduction of which is currently planned in the civilian turnover of real estate. Originality/value: The authors substantiated the conclusion that, despite the undeniable advantages of notarization of real estate deals, including in electronic form, increasing its effectiveness through the introduction of the latest digital technologies, the requirement for mandatory notarization of most real estate deals is not established in the legislation. At the same time, as practice has shown, the emergence of new fraudulent schemes for the illegal seizure of real estate, using digital technologies, is not a good reason for ensuring that subjects of civil turnover comprehensive protection of their property rights. Unfortunately, the legislator takes only targeted measures to stop the problems that exist in the civil circulation of real estate. The authors revealed the interdependence between the current status of notary, used by the institute in the framework of notarization of real estate transactions of digital instruments, other digital instruments, used in state registration of rights and the effectiveness of new digital instruments, proposed by the notary community in draft Federal Law of July 10, 2019 No. 750699-7.