Show me the $$
You can fund, same day, when you receive these types of funds?
What is a wire or cashier’s check?
A cash buyer mails a Cashier’s check from an out of state Financial Institution to fund their purchase. What steps do you take?
What is call Financial Institution and verify Cashier’s Check before depositing. Proceed with caution.
Rules for Title Insurance Regulation is known as IDAPA code _________?
What is 18.05-01
Title may provide 7 items without charge to licensed real estate agents, brokers or persons who own the property. This is called?
What is Listing Packages AKA Property Profile
A title entity will not expend more than _________ dollars per person per day for all meals and/or events
What is $100.00?
The term business days excludes what days?
What is Saturdays, Sundays and major Holidays?
Your lender is FSA/USDA and they deliver a check to you to fund their loan? Do you need to wait for funds to season?
What is No. USDA/FSA is a government entity and we allow funding same day.
Removing something from title without taking proper steps to clear it is not allowed and is called what?
What is Insuring Around
An Escrow agent will not accept funds or papers into Escrow without _________ and ________signed by the parties or their authorized representatives.
What is Dated and Written Instructions
A title entity may entertain no more than ________ persons who are employed by a single title producer in a single day?
What is 4?
Idaho is considered a ________ funds state.
What is good or collected funds?
You invite a broker to lunch and they ask if they can bring two more agents as well as spouses. Is this allowed?
What is No. We are only allowed to entertain 4 title producers and this includes spouses.
An association of persons, a majority of whom are producers of title business, or persons whose primary activity involves real property is called what?
What is Trade Association?
We must issue this on each closed transaction, even when handling a flip type transaction.
What is Policy
A title entity is permitted to have 2 ___________ per year and not expend more than $15.00 per guest.
What is open house?
A manager may approve funding on a personal check under $_________ with proper documentation and approval in file.
What is $1000.00
You stop by to see your top producing real estate brokerage and take in a party box of cookies from Crumbl. Is this allowed?
What is No! You cannot drop off food or gifts. If you brought them along to a training presentation...that could be allowed.
A promotional function conducted by a single entity or a promotional item intended for distribution by a single entity.
What is Self-Promotional?
What are the 4 items that can be sent to a licensed appraiser or licensed attorney?
What is plat map, CCR’s, last deed of record and cover letter.
A title entity may conduct these, but they may only address title insurance and escrow related topics?
What is CE courses, education programs or education courses?
The minimum # of days non-cashier’s checks must be on deposit before we can fund.
What is 5 days?
You are asked to sponsor/contribute to a lenders open house. Is this allowed?
What is NOPE! Co-sponsoring with a title producer is not allowed. Refer to Exhibit 1 of regulation handouts.
Buyers, sellers, lenders, investors, brokers, and Realtors
What are Producers of Title Business
What 7 items can be included in a listing package?
What is last deed of record, liens of record, plat map, CCR’s, tax information, characteristics and photographs.
A title entity may not provide a ___________ without a charge commensurate with the actual cost of the work performed?
What is Title Opinion?