About ABAs

The Backstory

How do ABAs Work?

Prime was established on the principal that honesty, integrity, and attention to detail are the building blocks to the home buying/selling process. Most buyers and sellers expect things to go smoothly without really understanding the process and knowing why the process is important. We provide transparency. By entrusting Prime Title & Escrow you will be in the hands of caring, experienced professionals who value honesty, integrity and accountability. We educate you and provide transparency throughout the entire buying/selling process.

Our Company Mission & Client Vision

Prime Title’s Mission, Vision and Values are important to future homeowners. We believe in them, and we live them everyday.

Mission

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Vision

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 Values

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The Backstory

How do abas Work?

In an ABA, otherwise known as an “Affiliated Business Arrangement”, several businesses that are involved in the real estate transaction are owned by a common corporate parent- a real estate brokerage and a title company may co-own a third company (joint venture) that does a portion of the settlement work, for example.

When the realty “helps” you select their preferred title company, the fees for the work done by the joint company are split between the realty and the original title company. The realty will have to disclose that they have an affiliate arrangement with the title company, and that you generally have the right to choose who to use for their services but, they won’t disclose how much of your fee is going to the third company, so you’re usually never aware that you’re paying more (in some cases a lot more) than is necessary.

At Prime, your closing is of paramount importance to us. We don’t prioritize “a business partners’” files over your own, which is a behavior that can frequently result from an ABA or MSA.

These revenue sharing arrangements open up questions as to the independence of the title company.

We at Prime are neutral and unbiased, representing every aspect of your transaction in a fair, transparent manner.

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