Commercial Title Insurance Course

Past Event

Commercial Title Insurance

Do you understand the purpose of a title insurance policy and how to read a title commitment?
This 2 1/2 hour course is for anyone looking to learn about, or for a refresher, on commercial title insurance policies.

Please Note: A minimum of 6 participants is required to hold this course.

This class will answer such questions as:

• What is title insurance? Why is a lender’s policy important? And what to tell your client about owner’s policies.
• How to read a title commitment. Section by section review and identification of possible issues to resolve before closing.
• Proforma vs. Marked-Up Commitment. What is the difference?
• Review of the final title policy and what to verify.
• Endorsements. What do they cover and why is the coverage requested? What are the most common endorsements?
• What is a proceeding subsequent? Why they take extra time, and what are options to get your transaction closed.
• What is a quiet title action?
• Suggestions on managing your relationship with the title company.
• Updates on County processing times in the COVID environment.

Questions? If you have a specific question, or a tale of title problems, include on your registration form, or email them to Michelle Mueller, RMA MN Chapter Education Committee Member at mmueller@mbfc.org prior event day, April 14th.

Our Presenter: RICK ZILKA
Rick is a Vice President Senior Underwriting Counsel and Closer with Old Republic Title. He started his career in real estate soon after graduating from Hamline University School of Law. He has enjoyed over thirty plus years in commercial real estate and provides invaluable perspective to the commercial department at Old Republic Title.

Certificate of Achievement Requirements:

• Attendees must attend the full 2 1/2 hour course on April 14th.
• Attendees must complete 2 surveys: The 1st survey will be sent immediately after the last session on Wednesday and the 2nd survey will be sent the 12th of May.

 

Cancelation Policy

Cancellations will be not be refunded unless the instructor cancels the course.  If participant is unable to attend, the registration fee can be applied to a future RMA-MN local course.  Substitutions are allowed as long as the chapter administrator is notified 24 hours prior to the course, however any difference in the applicable registration fee will be requested.