It annoys me that a seller's real estate agent believes that he has any right to choose who will abstract title to what he is selling, prepare the title opinion and issue the title insurance guaranty that says what he has sold for his client will come free and clear to the buyer.
Although usually unintentional, nevertheless in my opinion that approach is a very caviler one.
After all, the purpose of all of that process is to assure the buyer that what the seller is selling is really his to sell.
The guy whose money is going to become at risk belongs to the buyer.
In no case does it belong to either the buyer or the seller's real estate agent.
If I'm putting my money on the table, I want someone with great knowledge, wisdom and authority to make certain that the person selling all of what I am buying owns it and has all of the rights to sell it, and that the evidence I get that will say that I own it is thorough and accurate.
Consequently, it should be in my sole authority to pick and choose who will assure me that the seller is, in fact, telling the truth.
It certainly should not be the decision of the seller and for sure it should not be the decision of the seller's or the buyer's agent.
Most agents have not experienced it, but there are times when a title company will not accept as accurate, the opinion that was issued and insured by the company that issued the seller's title.
In other words, the new underwriter has found what it believes to be flaws in the work of the prior underwriter.
Usually it's the result of sloppy abstracting of one of the two underwriters. Sometimes, the title company issuing the flawed policy knew the flaw(s) existed, but figured its risk of loss wasn't substantial enough to turn down the policy premium it would earn.
Real estate agents should stay completely out of influencing which title company and which escrow officer will be the pick for a transaction. That should be the sole choice of the buyer.
After all, out of all of the parties involved in the transaction, the only one whose money will be at primary risk will be that of the buyer.
KELLER WILLIAMS DALLAS PREMIRE
Direct: 214 503-8563