New York Title Insurance Agent Licensing Course
New York Insurance Licensing Courses
A Title Insurance Agent is a licensed professional who issues insurance policies created with the intent of protecting the lender or owner against lawsuits or claims against a real property that arise from disputes over titles or land boundaries. Title defects or liens can cause financial loss to a client or their lender that a Title Insurance policy would help protect against.
As of April 2014, it is now required that those performing the duties of a Title Insurance Agent in the State of New York obtain a Title Insurance License.
In the case that there is a lawsuit over a title, the title insurance policy will serve the client by first defending against the lawsuit and if any financial loss is incurred, the policy will reimburse the insured for monetary loss, up to the amount outlined in the policy.
The two types of Title Insurance are Owners Insurance and Lenders Insurance, which protect the property owner and the mortgage company, respectively from any title issues. …More
Title insurance is especially important in large commercial real estate transactions where the buyer and their lender have a lot of money at stake. It is also required by nearly all institutional lenders.
New York Study Manual for Title Insurance 3rd Edition
Order the study manual here.
The Job
Before issuing an insurance policy, the Title Agent will first determine whether the title to a piece of real estate is legitimate. In doing so, they may also call for a property survey, which …more
Requirements
For those interested in becoming a Title Insurance Agent, applicants are required to take the Title Insurance Licensing course and pass the Title Insurance producer exam, series 17-81, taken through …more
Opportunity
While getting your Title Insurance License is a new policy by the NY DFS, it ensures that professionals working in this field are held to a high standard. That standard also ensures job growth …more