(A) Title Insurance Basics for Realtors – 2 CE
March 26 @ 10:00 am - 12:00 pm
Free
This course is approved for 2 HRS of Continuing Education. Florida rules require that we monitor attendance and we can not issue credit for less than the number of approved hours. In order to receive credit for your course, please arrive on time and stay for the entire class. Sign-in and Sign-out is required for this class to receive full credit.
A clear title is necessary for a real-estate transaction. This is necessary for claims or liens of any kind before it can be issued. A Title Insurance, therefore, protects lenders and homebuyers from financial loss sustained from defects in a title to a property including the ever-growing rise in Real Estate Crimes.
There are two types of Title Insurance and includes different costs, policy endorsements, title commitments and vesting issues. It is usually part of the real-estate closing. As a real estate agent, it is important to know the basics of title insurance to serve as a guide to individuals in any real estate transaction. It is more important to learn security measures to help Title Companies early on defect fraud.
- Explain the Value of Title Insurance
- Explain the difference between both Insurance Policies
- Explain Real Estate Fraud and Cyber Crimes
- List and explain the possible defects in a property title
- Define title insurance and explain why it is needed
- Differentiate the types of title insurance, including costs, policy endorsements, title commitments, and vesting issues
- Understand the title policy process
- List qualities of a good title insurance company
- Review common questions from buyers/sellers that can be answered by the agent
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