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In addition to ALTA, the National Association of Independent Land Title Agents (NAILTA) is a national non-profit trade association that represents the interests of independent title insurance agents and independent real estate settlement professionals from across the United States.
While your lender or real estate agent may suggest a specific title company, you are not required to use it. You have the option to acquire a lender’s title insurance policy from a company of ...
How much does title insurance cost? Title insurance costs. Title insurance policies typically cost a median of 0.67 percent of the property’s sale price, according to data from Fannie Mae. The ...
The term "agent" is not to be confused with salesperson or broker. An agent is simply a licensee that has entered into an agency relationship with a client. A broker can also be an agent for a client. It is commonly the firm that has the actual legal relationship with the client through one of their sales staff, be they salespersons or brokers.
The American Land Title Association (ALTA), founded in 1907, is the national trade association representing more than 6,400 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. ALTA's headquarters is in Washington, DC.
A skilled real estate agent can help you sell your home, likely more quickly and for more money than if you tried to do it on your own. On the other hand, a majority of agents charge a commission ...
First American Title had its initial public offering on the over-the-counter market in 1964 and, four years later, was restructured with the formation of The First American Financial Corporation as a holding company. First American Title became a subsidiary company and a trust business was conducted through First American Trust Company.
Title insurance premium: Buyers are generally required to purchase a lender’s title insurance policy, which protects their lender in the event of a claim dispute. This premium is a one-time cost ...