How does a real estate agent protect their agency when discussing title insurance?
1. Protect yourself and your agency as a selling agent by making sure that it is clear that the legal description was obtained and reviewed by the seller. The agent should not warrant the accuracy of the description. 2. Protect yourself and your agency by making sure that your client receives the preliminary title commitment and any supplements within the time frame specified in the purchase and sale agreement. 3. Protect yourself and your agency by advising that the client review closing documents and verify that they are consistent with the terms of the purchase and sale agreement. 4. Protect yourself and your agency by advising your client to verify the legal description at closing. 5. Protect yourself and your agency by advising your client to call a senior title officer if they have any questions about title insurance and the coverage it provides.
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