Affiliated Business Arrangement Disclosure

  • Affiliated Business Arrangement Disclosure Statement

  • To:  Consumer                                                

    From: Flat Fee MLS Realty

                                                                                                   

    Thank you for contacting us, your local Flat Fee MLS Realty office (hereinafter “Broker”) in connection with the purchase or sale of a home or other property.  This is to give you notice that the Broker has a business relationship with the companies listed in this Statement, in that each of the companies is wholly or partially owned either directly or indirectly by Stephen Hachey, which is also the owner of Flat Fee MLS Realty.  Because of these relationships, the referral of business to these company may provide us, our employees or contractors, or other related parties noted herein a financial or other benefit. 

     

    SPECIFIC AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE

     

    This form is to give you notice that the Broker has a business relationship with Excel Title I LLC, a Florida title insurance agent. Because of these relationships, the referral of business to these company may provide us, our employees or contractors, agents, or other related parties noted herein a financial or other benefit. We have set forth below the full range of services that these companies provide, along with an estimate of the range of charges generally made for these services. 

     

    You are NOT required to use the listed companies as a condition of the purchase or sale of your property.  THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES.  YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND BEST RATE FOR THESE SERVICES.

     

    Companies HUD-1 Description/Line Designation Estimate of Range of Charges Generally Made by Provider (1.)
    Excel Title I LLC: Provides searches of public records that bring to your attention any known problems with the property’s title before closing and insures against the loss due to certain title defects.

    Purchase of Title Insurance Policies (1100 Series)

     Closing Fee (1102)

    .5% - 1.25% of the property purchase price

    $0-$750
    1.        Actual charges may vary according to the particular circumstances underlying the transaction, including the home value, coverage and limits, other requested terms and services, unusual market conditions, government regulations, property location and features, and other similar factors.  Rates may not be the lowest available and are subject to change.  For a free, no obligation quote, please contact the company directly.  Where required by state law, current rates are filed with the applicable state agency, and depending upon the circumstances, may vary from the rates shown above.    

     

    Acknowledgement of Receipt of Disclosure

    I/We have received the Affiliated Business Arrangement Disclosure Statement from Broker and understand that Broker may refer me/us to the settlement service provides listed in this Statement.  Broker, its employees or its affiliates(s) may receive a financial or other benefit as the result of that referral. 

     

  • Should be Empty: