3 Things You Need To Know About Real Estate Closings in 2020
It’s time to make a lot of decisions on your New Years resolutions. What do you have planned for 2020? Expanding your business, saving more money or partnering with local experts like The Closing Agent who can help grow your business? Whatever it takes we’re here to help you.
Florida Passes Remote Online Notarization (RON)
Florida has become the 11th state to adopt Remote Online Notarization effective January 1, 2020. Until now, title companies were restricted to traditional in-person closings whereby witnesses had to be in the same room and had to include “wet ink signatures”.
While other title companies will need to learn a whole new way of closing, The Closing Agent has been conducting electronic closings in a hybrid mode since 2017. With the passing of House Bill 409 we’re now able to offer a complete end-to-end digital closing experience to our customers.
To learn more about The Closing Agent’s Remote Online Notarization services visit https://www.theclosingagent.com/about/remote-online-notorization/
Choosing The Right Title Company Matters
Darryll L. Clark, Vice President
Changes to the Florida Expanded Protected Address Law
Effective July 1, 2019, Florida amended Section 119.071 expanding information that is exempt from public records.
Appraisers, title agents, attorneys and contractors all need adequate time to gather the necessary information to reach an on-time closing. However, if you are working with clients who have protected addresses you could run into delays if you are not prepared. There are many occupational groups in Florida who qualify for this exemption listed on the State of Florida’s web site.
On July 1, 2019, Florida expanded the information that is exempt from public records in Section 119.071 Florida Statutes-Public Records that shields the physical mailing address, parcel ID, neighborhood name and lot number, legal property description, GPS coordinates and any other descriptive property information that could lead to the home’s address being revealed. In addition, this information cannot be released over the telephone.
What can I do as a Realtor® to keep things moving?
It’s important to ask your client early in the listing process said Darryll Clark, Vice President of The Closing Agent in Orlando, Florida. “Learning about this after-the-fact can delay the transaction, obtaining valuations and gathering the information necessary to perform a title search. The update to the statute in July has made it a little more complicated to obtain the needed information unless you plan ahead,” Darryll said.
Realtors® can assist their clients by providing them with the form that needs to be completed and notarized in order to release information to a third party who requires it in the course of working through a real estate transaction. We have provided links to the release forms for Orange and Volusia Counties below. It is important to contact individual counties as policies and forms vary.
Find Your Own Brand In 2020
People don’t do business with companies, they do business with people they like and trust. The first thing you have to do when it comes to your personal brand is to define your message. The Closing Agent’s marketing team is here to help you in 2020 to reach your full marketing potential.
Call us at 407-425-2400 to get in touch with one of our marketing executives and to see for yourself why attorney owned title agencies like The Closing Agent exceed client expectations.