State Puts Restrictions On Title Agents

Summary


A law that went into effect in January has changed the way title company representatives may interact with others in the real estate industry.

SB133, under the California Statute 12404, has aspects local title agents agree with, and some they don't.

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Extract


State Puts Restrictions On Title Agents

"It totally changed everything," said Stan De Genaro, assistant vice president of sales with Fidelity National Title Co. in West Covina.

First, it prohibits gifts.

"Big and small companies were under pressure to ...

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