When must a title insurer, agency, or agent disclose affiliated business arrangements?

A title insurer, agency, or agent must disclose affiliated business arrangements prior to commencing the transaction to ensure that all parties involved are fully aware of any potential conflicts of interest and financial relationships that could influence the transaction. This timing for disclosure aligns with the goal of transparency in real estate transactions, allowing consumers to make informed decisions without pressure or ambiguity.

Disclosing these arrangements before the transaction begins helps maintain the integrity of the process and fosters trust between the parties. Omitting this information until after the transaction or at any later stage would fail to provide the necessary transparency that consumers need to understand possible influences on their choices and the overall cost of the services rendered. It is essential for compliance with regulations designed to protect consumers in real estate dealings.