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Item 23 - Real Estate Title and Escrow Services
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03/02/2021 Regular
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Item 23 - Real Estate Title and Escrow Services
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4/10/2024 1:51:18 PM
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8/22/2023 7:48:17 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
3/2/2021
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FEE SCHEDULE <br />The Contractor offers to perform the work described in the Statement of Work for the <br />following prices. The hourly rates the Contractor provides on this form shall be used <br />throughout the contract term. The Proposer's rates shall include all administrative <br />costs, supervision, labor, materials, transportation, taxes, equipment and supplies <br />unless stated otherwise. <br />Land Title Services Pricing Schedule <br />Task <br />Classification <br />Unit Rate (hr.) or Lump <br />Sum <br />a. <br />Principal <br />$100.00 <br />b. <br />Manager <br />$75.00 <br />C. <br />Administrative Support <br />$25.00 <br />d. <br />Title Supervisor <br />$50.00 <br />e. <br />Senior Title Agent <br />$50.00 <br />$500.00 Residential <br />Preliminary Title Report — Based on <br />If <br />Lot & Tract Legal Descriptions 1 <br />$500.00 Comm., Industry, <br />additional research would require <br />Utility <br />rea rovai <br />$No Charge Residential <br />g. <br />Pro -Forma Title Report <br />$No Charge Comm., <br />Industry, Utility <br />Residential <br />Ex. $1,000,000. value <br />$700.00 base plus $4 per <br />thousand <br />h. <br />Escrow — Based pm CA Dept. of <br />Minimum $800 <br />Commercial <br />Insurance Rate Schedule <br />$2.25 per thousand <br />{ex. $500,000 value <br />Escrow fee = $1,125.00 <br />Title Insurance — Based on <br />$1,998.00 ALTA Policy <br />i. <br />$500,000.00 value 1 CA Dept. of Ins. <br />$1,665,00 CLTA Policy <br />Rate Schedule <br />Additional Title Endorsements <br />j. <br />Available — Based on CA Dept. of <br />$300.00 <br />Ins. Rate Schedule <br />Additional Charges for specific <br />k. <br />Scope of Services items shown on <br />See below <br />the following page <br />
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