It’s always interesting when I speak with buyers or even Realtors who think Title Insurance is something that is not needed. A scam or a worthless cost to a real estate transaction. I hear–“yeah, but what are the chances I will ever use this policy?” I tell them that just like other types of insurance, you don’t need it–till you need it, then you are really glad you have it. We see all kinds of hair on transactions in our office and we are currently resolving one of these hairy issues. It’s the very first transaction a new client of mine sent us, so of course, I’m working with all parties to make sure all ends well. The story behind it is a good instance of why you need Title Insurance when buying a home and how it protects you.
I got an interesting email the other day from a person new to the Title business. He had “discovered me” online and wanted to know–can a Title sales rep make over six figures per year? Having been in the business since 2005 I thought perhaps the answer to this question was well known–but then again perhaps not? There are several variables to production and income, such as your market, average fees per file, your own compensation plan, and more. With that said, the overall short answer to this question is YES. I want to preface this by saying many people who enter the Title Sales profession fail. There are a variety of reasons for this which I have discussed before but wanted to convey that being successful in this job is not easy. Let’s discuss how top Title sales reps make their money and why this is such a fun and lucrative career.
I get asked a lot of questions over the course of a week. Many of them involve real estate marketing, websites, or how to do something. In some instances, I direct a Realtor or Lender to another website that can help them with that question or teach them something new. When you know or use these sites on a regular basis, you think most people in the industry know them…far from the truth. Here are some super helpful real estate websites that can enhance your business…but you probably didn’t know existed.