If I told you your relationship with your title agency is one-sided, I don’t think you would be surprised. Think about it, your brokerage does all the work to get the realtor, bring in the leads, perform showings, sign to purchase homes, only to see the title commission go into someone else’s hands - and you don’t get a cent back.
Joint ventures are a great way to generate value for both partners; the brokerage is able to extract more value from the real estate value chain and the title company is able to access more realtors than before.
A Joint Venture (JV) is a legal cooperative enterprise entered into by a title agency and a real estate brokerage. Expetitle creates a new fully legal LLC and the brokerage owns a portion of that entity, allowing them to share in the net operating profits of the new title company.
Do you want to make money at the end of a closing through your Title Agent? Do you want to have more control over your closing process? No matter the size of your brokerage, Expetitle will handle the management of the title company so you can handle your business.
Expetitle will create a new LLC, hire a full-time title agent, and both the brokerage and Expetitle will put up capital to get the JV up-and-running. Then, your brokerage brings in the sales and Expetitle does all the title work.
Expetitle has the marketing infrastructure in-place to help create awareness to your brokerage. Our partnership is not one in which we set it up and do other things. Rather, we are fully incentivized to bring in as much as business as possible to that LLC.
The title industry is complicated, and you shouldn't have to worry about understanding the details of the title process. Therefore, Expetitle will run the day-to-day operations of the title company so that you can focus on building your brokerage.
Expetitle is a multi-state title company. We're currently partnered with companies throughout Florida, Georgia and Texas as we continue growing our reach.
We move as quickly as you would like to move. However, we suggest using our three-phased approach to getting a joint venture up-and-running. The process of creating the JV is rather simple - but we want to ensure that the partnership is setup for the long-run.
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