How to have a successful Real Estate Settlement Agent Audit

Once a year you get notified that the agency’s RESA audit is due to be conducted. What will the auditor be looking for? According the Virginia Code § 55-525.24(A): All funds deposited with the settlement agent in connection with an escrow, settlement, or closing shall be handled in a fiduciary capacity… What does fiduciary capacity … Continue reading How to have a successful Real Estate Settlement Agent Audit

eRecording in Virginia

eRecording FAQ’s - frequently asked questions by eRecorders Is eRecording Legal in Virginia? The Uniform Electronic Transaction Act (UETA) established and authorized the legal equivalence of electronic records (documents) and electronic signatures.  The Uniform Real Property Electronic Recording Act (URPERA) authorized the Circuit Court Land Record Clerk to accept records (documents) in an electronic format.  … Continue reading eRecording in Virginia

VLTA Secretary’s Message: Leadership Development

Volunteers are the life-blood of organizations such as the VLTA. Some land title associations are dominated by employees of underwriters since they generally work for larger organizations and are better able to get away from the office for meetings and events. Title agents and examiners often find it difficult to get away from the day … Continue reading VLTA Secretary’s Message: Leadership Development