Although there is no law regarding who picks the closing agent in a Florida real estate transaction, it is customary for the Seller of the property to choose the Florida Closing Agent. It is also customary for the party who chooses the closing agent to pay the “closing costs,” such as the deed recording, the title search, etc.Although it is customary in the industry for the Seller of a property to pick the Florida closing agent, it is beneficial to the Buyer of a property to choose the closing agent, especially if the buyer is from another country and/or English is not their first language.
If you hire a Florida Real Estate Attorney as your Florida Closing Agent, they may be able to easily satisfy some of the items required by the Title Company before Title Insurance can be issued to the buyer. These items may consist of documents that are legally binding and should be drafted by an attorney.
In one case, a title company not headed by an attorney performed a title search in which they found only five (5) items that needed to be completed. When Boyer Law Firm, P.L. performed a title search on the same property in Florida, we found twelve (12) items, almost double of the original search and several of which were critical.
Title Insurance rates are set by the State, so there isn’t much financial savings in choosing a title company over an attorney. Title insurance agents for Attorney’s Title Services are considered the reference in the real estate industry. Only attorneys can join/use this Title Service, which is of the highest quality in diligence and conveying a clear and marketable title.