Whenever a real estate transaction involving the sale of property takes place, the respective title for it also changes hands. Many real estate agencies will have their own title officer working to help investigate and resolve any title issues. Smaller real estate agencies and property owners may prefer to work with dedicated title agencies, so one can also find title officers working with these companies. A title is a document that specifies the property parameters, as well as any liens, outstanding taxes, or easements related to it. In general, the officer works to ensure that the title is in good, transferrable order.
Typically, the status of a title for property can be determined fairly rapidly. What the title officer is concerned with generally is resolving issues that are attached to many titles. Most frequently, these issues deal with outstanding property taxes or liens or loans on the property related to current or prior ownership. The title officer will typically work with these entities to bring these issues to resolution so that the new buyer receives a clean title to the property. In some situations, the title officer will work with both the seller and prospective buyer to come to an equitable and mutually agreeable set of terms to resolve these title issues.
Most title officers are persons with real estate experience who understand the minutae of this area and complications of zoning, liens, and easement language. Many community colleges offer coursework in this area of real estate, and title companies and real estate agencies may prefer individuals with an associate's degree in this discipline. Additionally, many title officers find it useful to be licensed notary publics, as title documents must typically be notarized at some point in the transfer process. Title officers typically work in office environments during regular hours of the week.
Title Officer Tasks
Identify and highlight potential issues, liens and judgments for titles.
Collect, package, send and verify receipt of documents to all key parties.
Review, update and calculate disbursements for title searches.
Explain and communicate insurance, underwriting, legal and other title-related information.