|Preferred Title Company - Services for Real Estate Agents
Continuing Education as mandated or required by the Louisiana Real Estate Commission since 1997. Presenting
many hours of CE classes throughout the year to real estate licensees. Pat Miller has been presenting Real Estate
CE courses since 1993 and is a licensed instructor with the LREC. Information on upcoming CE presentations is
available by sending an email to Debbie Miller for more information.
c. If your contract form requires you to fill in a specific date, take additional time into consideration. It’s important for you to
communicate with the lender and the closing agent to determine a realistic timeframe for closings under these new rules.
compliant with ALTA's Best Practices. Some Title Agents were advised or required as part of their Best Practice certification audit to set new
procedures for who may attend the closing. Some have bifurcated closings where the buyer and seller are in separate rooms, others advise
the seller to arrive at the closing 20-30 minutes after the buyer, and some have only the buyer in the closing room while the Buyer/Consumer
reviews and executes certain loan documents. While the TRID rules do not directly address how this procedure must be handled, the issue
arises under the provisions of the privacy rules set out in the Graham Leach Blilley Privacy Act. It is currently the practice at Preferred Title
Company to advise the Buyer/Consumer that under the Privacy Act they have the right to have no one in the closing room while loan
documents are being executed; and that if they permit the seller and/or real estate agents in the room during that time, it is their right at their
sole discretion to stop the closing and ask that all persons leave the room until all loan documents have been signed. The lender and
investors will not accept any waiver of this right of privacy, leaving the Buyer/Consumer with sole control regarding this matter.
9100 Bluebonnet Centre Blvd. Ste. 102
Baton Rouge, LA 70809
Preferred Title Company (c) 2015