ARTESIAN TITLE INC
ORLANDO, FLORIDA

Traditionally, to reach customers, businesses have had to network for referrals – and networking comes at a price. Real Rebate™ reflects Artesian Title’s strength as an independent title company. Because we do not have to share our profits with referral services through affiliated businesses or marketing service arrangements, we can save our clients up to 20% off the cost of their title services. Artesian can significantly reduce the closing costs of homebuyers through our Real Rebate™ program. This credit is awarded to homebuyers who simply choose Artesian Title as their settlement agent and order our services online. Artesian Title reserves the right, at its discretion, to adjust the herein stated terms and conditions, as well as any credit amounts. Title insurance protects both homebuyers and lenders from the possibility that a seller may not have clear ownership of the house and property they’re selling, therefore making the seller unable to transfer full ownership to the buyer. Important note: information like this usually is not disclosed in public records! With the exception of Sarasota, Collier, Miami-Dade and Broward counties, in every other Florida county, the seller picks and pays for the title costs. It is always a good idea to shop around for the best price and policy before settling with a title insurance company. Will the price of the title insurance be the same at every title company? Not always. Title insurance underwriters are required by law to file their rates with the states wherein they insure titles. Title companies that are agents of the same underwriter will charge the same title insurance premiums. Title companies that are agents of multiple underwriters (this gives them the ability to file policies in different jurisdictions) can have different filing rates. Thus, it is a good idea to shop around and compare title companies before making a final decision. Title companies are required by the state insurance commissioners to file their rates every year, but they are not all required to file the same rates. Title companies vary in their operational costs and paid claims and as a result, their title services fees vary as well. Again, shop around and compare title companies first before making a final decision. Ask your title company about a Reissue Rate discount. This discount depends on your title insurance underwriter as well as a property’s location, but the pay off is that it lowers policy premiums up to 40%. Another way to save money on closing costs is to select a Standard title insurance policy in lieu of Enhanced. (Though we highly recommend consulting with a closing agent first before making that decision.). Several title companies will quote their higher-priced Enhanced policy, without any mention of their less expensive Standard policy so it’s very important to request it. A Standard policy could save up to 15% off a title insurance premium. Use the Internet to see general prices from multiple title companies and compare. Many title companies have online tools that generate quotes for their title insurance so it’s a pretty fast process. This small but useful technological advance is so common that if a company doesn’t have it, treat that as an immediate red flag and look elsewhere. Always ask what is included in a title company’s title service fees or, simply ask if their fee is all-inclusive. It makes it easier to do a side-by-side comparison on a short list of title companies and make an informed decision. Can my real estate agent or lender just choose my title company for me? Agents and lenders often make referrals to title companies, but just as often they may be referring homebuyers to a title company affiliated with their company. This is called an Affiliated Business Arrangement (ABA), or Marketing Service Agreement (MSA), and choosing a title company that participates in ABAs or MSAs is far more expensive than one that doesn’t. Why? The ABA/MSA pays the agent’s or lender’s companies for the referral and that extra money comes out of a homebuyer’s bill. Affiliated Business Arrangement (ABA) is when a title company motivates business referral sources to recommend them by offering a portion of the profit from each closing they refer. It’s considered legal if the business relationship is clearly explained in a consumer’s closing documents. However, even though there’s a clear explanation of the business relationship in the closing documents, research has proven that the majority of homebuyers have no clue how the relationship will affect their closing costs. That same research went on to discover that once homebuyers were properly informed of an ABA’s affect on their closing, the majority chose a proven, independent title company not involved in an ABA/MSA. is a close relative of an ABA. This occurs when a title company motivates business referral sources to recommend them by financing all or a part of the referral source’s marketing expenses. E.g. a local real estate company could put up advertisements around the city paid for by their “recommended” title company. MSAs have been under growing investigation because their terms are on the borderline of violating the Real Estate Settlement Procedure Act (RESPA). RESPA prohibits title agents from offering referral sources “a thing of value” to receive business. This applies to lenders as well. Artesian Title provides closings with a concierge touch. Our mobile, licensed “Concierge Closers™” are yours when and where you need them. They come to you when you call. They work to your timetable. They communicate in ways you prefer—They’re ready to answer all your questions and provide every document at a moment’s notice Add that to our weekly email—Peace of Mind Fridays™—that provides a progress update on the status of your title case and the real differences with Artesian are truly significant. Florida is our home. We’re from here. We hire people here. We know the areas, the properties, the various real estate laws that make Florida a special place to live and buy a home in. We have a vested interest in improving the “state of real estate” in Florida and we are excited to be able to play a role doing just that. We serve home buyers and sellers throughout the sate and have offices Orlando, Tampa, Ft. Lauderdale, Boca Raton, and Miami.