Marketable title

Did you know that there are several steps to obtain a good “marketable” title to real property? Before the deed is officially recorded with the appropriate agency, one of several steps is to have a title insurance company insure the buyer against losses caused by a claim against the buyer’s title after closing, subject to potential possible claims that are listed as excluded from coverage.

Real Estate Broker

With a typical exclusive listing arrangement with a real estate broker, the broker is the only agent entitled to a commission from the seller if the broker finds a qualified buyer. Did you know, however, that the broker is also entitled to a commission, even if the seller finds the buyer without the broker's aid, unless the issue of when a commission is owed is negotiated in the listing agreement?