Alamo title company

Learn the requirements in your state. Each state has its own requirements for licensing a title company. Look on your state’s department of insurance website. Look as well on the website of your state’s land title association. Check the website of ALTA, the American Land Title Association for a comprehensive list of title associations.

• Your state will probably require you to take certain classes before you can take your licensing exam.

Take a class. You may be able to take a pre-licensing course in person, or you may have to take classes online. Consult your state guidelines, which you may find at your state department of insurance website or your state’s department of financial services website. Find the list of approved educational entities there, and sign up for your prelicensing class or classes online or in person.

• Your prelicensing course will prepare you for the prelicensing exam. You will study the content of the exam, and take quizzes to prepare you for the exam format.
• If you are an attorney, and you are licensed in your state, you may be able to waive this requirement.
• If you have a title company license in another state, you may be able to waive this requirement.
  

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Alamo title company

Take the licensing exam. Sign up for a licensing exam through one of your state’s testing agencies. You will be tested on insurance regulation, general insurance concepts, title insurance principles, title exceptions, procedures for clearing a title, and real estate transactions. Testing will vary by state, but you are likely to be required to pass with a grade of 70% or higher.

Get professional liability insurance. Most states require you to have professional liability insurance, also known as errors and omissions insurance. Much like malpractice insurance, it will protect you if you are faced with a negligence claim. Even if your state doesn’t require this insurance, consider getting it to cover any beginner mistakes you may make in your first few years. Look up different insurance companies and compare rates.

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its customers, and that the customers will have the opportunity to get funds back if something should happen to the company. The amount for the surety bond is usually 10 to 25 percent of your company’s net worth. Contact a surety company that specializes in new companies of your size, or get in touch with a surety broker who can negotiate a bond for you.