Title Opinion

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The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
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Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
- Concept of Title. Who Really Owns It?
- Ownership as a "Bundle of Rights"
- Legal Title vs. Equitable Title
- Transfer of Title (Voluntary vs. Involuntary)
- Escheat & Eminent Domain
- Transfer by Voluntary Alienation
- The Will
- Devise
- Transfer by Involuntary Alienation
- Why is this "Involuntary"?
- Probate (The Process)
- Escheat
- Eminent Domain
- Adverse Possession
- Adverse Possession 2
- Notice of Legal Title (Proving you own it)
- Constructive Notice
- Acknowledgment
- Lis Pendens
- Protection of Title
- Chain of Title vs. Abstract of Title
- Title Opinion
- Title Insurance
- Lender's Policy (Mortgagee Policy)
- Deeds
- Parts of a Deed
- Requirements for a Valid Deed
- Types of Statutory Deeds
- Deeds
- Legal Requirements Summary
- Ownership, Limitations & Restrictions
- Government Restrictions
- Private Restrictions
- Easements
- How Easements are Created:
- Leases
- Leases 2
- Liens
- Lien Priority
- Chapter 10 Quiz 10 xp
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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Title, Deeds And Ownership Restrictions

Section 22 of 39

C. Title Opinion. "The Danger Zone for Agents". This is a critical compliance issue for you as a licensee. A lawyer reviews the Abstract of Title and issues a "Title Opinion" stating whether the title is marketable (clean).Under Chapter 475.25, F.S., real estate licensees are NOT qualified to give an opinion on title. You must never tell a buyer, "I checked the records, and the title looks fine." You are not a lawyer. If you are wrong, you can be sued and lose your license. If a buyer asks about the title, you are required by law to advise them to either: Consult an attorney to get a formal Title Opinion, ORObtain Title Insurance.