The title insurance commitment plays a significant role in the closing of real estate transactions and can be a vital part of your journey to closing and issuance of the title insurance policy. This practical seminar examines and explains how to draft and meet the most commonly encountered Schedule B-I requirements and how to delete standard specific exceptions by complying with Fund guidelines and procedures. During the seminar, a Title Search Report and contract will be examined and translated into their relevant Schedule A statements, Schedule B-I requirements, and Schedule B-II exceptions. The Fund Title Notes, Standard Commitment Clauses, and Affidavit Practice Manual play a crucial role in preparing the commitment and deleting exceptions and will be used throughout the seminar as a reference. Popular endorsement forms will be reviewed, including their proper use and coverage, as well as significant changes between the ALTA 1992 and ALTA 2006 commitment forms. This seminar is approved for 3.5 general CLE credits and .5 ethics credit with The Florida Bar, and 3 hours of continuing education by NALA, and DFS.
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