Commercial Title Insurance

Past Event

COMMERCIAL TITLE INSURANCE

Do you understand the purpose of a title insurance policy and how to read a title commitment?

This 2½-hour course is for anyone looking to learn about, or for a refresher, on commercial title insurance policies.

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.

Questions? If you have a specific question, or a tale of title problems, include them on your registration form or email them to Michelle Mueller at prior to the session.

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.

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

REGISTRATION FEE (Includes a 5% service fee)

• Minnesota Chapter Affiliate* - $78.75
• Non-Affiliate - $105.00

PLEASE NOTE: An affiliate of the Minnesota Chapter is an individual who has paid the 2021/2022 local chapter fee for the Risk Management Association. National Membership does not qualify for affiliate benefits at MN Chapter events.
Not an affiliate? It's mid-term, fee is reduced by half! Sign up HERE today, or contact the Chapter Administrator

CERTIFICATE OF ACHIEVEMENT REQUIREMENTS:

• Attendees must attend the full 2½ hour session on May 24.
• Attendees must complete 2 surveys: The 1st survey will be sent immediately after session as well as a 2nd survey to be sent the middle of June.

 

Cancelation Policy

Cancellations will 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.