Florida Title Insurance Agent Contract Opinion Not Legal Advice

The Florida Courts clarified in a recent opinion, Reamco Development v. 499 Corp, that Florida title insurance agents’ opinions as to contract time periods are merely opinions, and not to be considered legal advice or otherwise binding. The buyer and seller, as well as their respective real estate agents and attorneys are responsible to determine and set out the time lines per the contract, not the closing title insurance company and its employees.

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