What is a requirement for a broker to send a buyer or seller to a title insurance company in which he is a partner?

A broker must provide the buyer or seller with a written disclosure of their relationship with the title company when they are a partner. This requirement is in place to keep the transaction transparent and ensure that the clients are fully informed about potential conflicts of interest. By disclosing their partnership, the broker allows the buyer or seller to make an informed decision regarding whether they want to utilize that title company. This practice safeguards the integrity of the transaction and reinforces trust between the parties involved.

Providing a list of other title companies may be a helpful step, but it is not a direct requirement in this context. Similarly, directing clients to another real estate company or suggesting consulting an attorney does not fulfill the specific need for disclosure regarding the broker’s partnership. The emphasis on written disclosure ensures clarity and compliance with legal and ethical standards in real estate transactions.