A Message to our Customers Regarding COVID-19
At Republic Title, the health and well-being of our customers, employees and communities is our top priority. As the effects of COVID-19 continue to evolve, we want to reach out with information about our efforts to ensure the safety of all involved while continuing to provide uninterrupted service to our valued clients. Our offices are […]
Important Compliance Update from TREC
Realtors Subject to New TREC Rules Prohibiting Pay-to-Play Programs Reminder: RESPA, P-53 and Anti-Rebating Statutes Remain in Effect for Title Agents and Are Enforced The Texas Real Estate Commission (TREC) recently amended their rules related to rebates and specifically highlighted the prohibition of pay-to-play arrangements in the real estate marketplace. TREC said their amended rules are intended to strengthen settlement service provider independence […]
Title Insurance Rate Change Effective September 1, 2019 – Reminder
Please note that beginning September 1, 2019, there will be a change to the basic premium rate for title insurance including an overall adjustment of -4.9 percent. The Texas Commissioner of Insurance has issued an order adjusting the basic premium rate for title insurance and amending R-5, R-8 and R-20. Summary of Changes Basic Premium […]
After Closing Reminders For Sellers
Your house has sold and the deal is closed. Now what do you do? Here are some reminders for you as the seller: Cancel your homeowners insurance with your insurance agent once the transaction has closed, funded and your personal items have been removed from the home. There may be a prorated refund of your […]
Updated Seller’s Disclosure Notice Effective September 1st
The Texas Real Estate Commission has released an updated Seller’s Disclosure Notice for mandatory use Sept. 1. It’s available for voluntary use immediately. As of Sept. 1, 2019, the new Seller’s Disclosure Notice has questions in paragraphs 6, 7 and 8 relative to floodplains, and includes definitions of the various categories according to FEMA. In […]
Effective September 1, 2019: Texas Title Rate and Rule Revisions
Please note that beginning September 1, 2019, there will be a change to the basic premium rate for title insurance including an overall adjustment of -4.9 percent. Changes made in 2019 affect 2020 Texas title rates. The Texas Commissioner of Insurance has issued an order adjusting the basic premium rate for title insurance and amending […]
Why You Need Title Insurance
What is Title Insurance?
https://vimeo.com/292199039 Explaining title insurance to your buyer clients can be difficult and confusing to say the least. We hope this short video on what title insurance is will help you and your clients better understand the importance of protecting your home with title insurance coverage. Two types of Title Insurance There are two basic types […]
The New Earnest Money Delivery Date Sample Timeline
FROM THE CONTRACT: “IF THE LAST DAY TO DELIVER THE EARNEST MONEY FALLS ON A SATURDAY, SUNDAY, OR LEGAL HOLIDAY, THE TIME TO DELIVER THE EARNEST MONEY IS EXTENDED UNTIL THE END OF THE NEXT DAY THAT IS NOT A SATURDAY, SUNDAY, OR LEGAL HOLIDAY.” IMPORTANT TIPS: – EARNEST MONEY CANNOT BE DELIVERED ON A SATURDAY, SUNDAY […]
What Is Earnest Money
What is Earnest Money Earnest money is a deposit made to a seller that represents a buyer’s good faith to buy a home. The money gives the buyer extra time to get financing and conduct the title search, property appraisal and inspections before closing. In most cases, earnest money is delivered when the sales contract […]
