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A licensed title agent is primarily a salesperson that sells title insurance to homeowners and businesses. ... Most states require that you take a licensing exam which may require a special course before sitting for the exam.
A good and efficient title agent will identify and rectify defects to title and insure that a lien is enforceable using a process that meets both buyer and lender expectations. To sum up, the title agent manages any and all expectations relating to the property.
An early career Closing Agent, Title with 1-4 years of experience earns an average total compensation of $39,381 based on 221 salaries. A mid-career Closing Agent, Title with 5-9 years of experience earns an average total compensation of $44,620 based on 101 salaries.
People say them interchangeably, as if they were the exact same thing. A title company is the one who issues the title insurance policies, while an escrow agency is the one who attends to the many details involved in opening, maintaining, and closing a real estate sale transaction.
To work as a real estate title officer, you'll need at least a high school diploma, but some employers prefer a college degree. Voluntary certification is also available. You should have at least 3 years of experience, but sometimes candidates with less experience are considered.
The average salary for a Licensed Title Agent is $42,500 per year.
Licensed title agents examine private and public real estate records and insurance documents to ensure properties are clear of all liens. Some title agents work for law firms and perform legal searches. Others work for private businesses and help finalize real estate transactions, including property purchases.
The average salary for an Escrow Officer is $54,076 per year in the United States.
Meet the Qualifying Criteria. ... Apply for a License. ... Get Fingerprinted. ... Submit a Letter of Clearance. ... Complete Mandatory Training. ... Pass the Examination. ... Print Your License.
In Florida, a Closing Agent, Title earns an average of $37,500 per year.
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