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Colorado
Profitability
of Member Issuing Title Insurance and Conducting
Closings
What can you, as a new
agent, reasonably expect to earn? That's a
difficult question to answer because it is
dependent on a variety of factors that only you, as
an agent, and ATGF, as your underwriter can answer,
such as:
- Will you concentrate on the
business of writing title insurance, or will you
combine the business with practicing other types
of law?
- What premium split agreement
will you have with ATGF?
- Will you conduct your own
closings, or will you contract closings to
another entity?
- Will you conduct your own
title searches, will you contract the search to
another entity, or will you utilize the services
of the ATGF plant?
How significant will your
marketing effort be for generating title
business?
Example 1:
Let us examine the income based upon a
transaction involving the sale of a property for
$150,000.00 where the agent has a 60/40% split with
ATGF.
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Basic premium rate*
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$815.00
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Simultaneous lender policy premium*
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$120.00
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Total
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$940.00
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You remit to ATGF 40% of the total
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$376.00
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You retain 60% of the total
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$564.00
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You pay for a TSR**
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$110.00
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Your income from this transaction
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$469.00
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Example 2:
Let us examine the income based upon a
transaction to refinance a property of $150,000.00
where the agent has a 60/40% split with ATGF.
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1/2 of the basic premium rate of
$815.00
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$407.50
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Total
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$407.50
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You remit to ATGF 40% of the total
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$163.00
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You retain 60% of the total
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$244.50
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You pay for a TSR**
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$110.00
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Your income from this transaction
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$134.50
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*These example uses metro country
rates.
**The Title Search Report
(TSR) includes all documents in the chain of
title affecting the subject property and parties,
including plat maps, subdivision background and tax
certificate. Our fee for a TSR is $110 and is
available for Metro counties only.
ATGF's Closing Fees vary by area and the types of
closing services provided. These examples do not
include income earned from issuing endorsements
with a policy.
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