He called to see if we were interested in acquiring new business. Well what small independant title agent is not interested in acquiring new business?
His first question to me was "do you have the forms necessary to form an ABA?" I responded that we did not and that I was not interested in forming an ABA. He then took on quite an attitude with me! He stated that he has been averaging 900 deals a year and that he was looking for a new title agent and queried why I was not willing to pay him for referrals. RESPA clearly states that it is not legal for a title agent to provide anything of value in exchange for a referral. I can only hope that his current title agent is not "paying him" for his referrals.
Continuing Education for Title Agents
Free classifieds for the Title Industry
Posted via email from Title Insurance The question presented today is very interesting. Can a buyer’s agent get their commission if the property has been sold by them, but there is no trustee’s deed on record conveying into Fannie Mae, AND, it is discovered that the foreclosure is defective? Posted via web from Title Insurance The question presented today is very interesting. Can a buyer’s agent get their commission if the property has been sold by them, but there is no trustee’s deed on record conveying into Fannie Mae, AND, it is discovered that the foreclosure is defective? Posted via web from Title Insurance
Continuing Ed for Title Agents
DOES FANNIE MAE OWN THAT PROPERTY YOU WANT TO BUY?
Continuing Ed for Title Agents
DOES FANNIE MAE OWN THAT PROPERTY YOU WANT TO BUY?
Continuing Ed for Title Agents
Posts navigation
Online – All the time