What does F.S. 627.711(1)(b) allow for in title insurance services?

The provision under F.S. 627.711(1)(b) specifically allows title insurance companies to charge for title search and closing services. This legal framework ensures that the fees associated with these critical components of the title process – which include the research necessary to ensure clear title and the actual closing of the real estate transaction – are covered.

The title search is essential for identifying any issues with the property's title, such as liens or encumbrances, which could affect ownership rights. Closing services involve the finalization of the transaction, ensuring that all legal requirements are met and that the property is transferred from the seller to the buyer. By allowing charges for these services, F.S. 627.711(1)(b) recognizes their importance in facilitating smooth real estate transactions while also ensuring that title companies can maintain the necessary resources to provide these services effectively.

Other options listed, such as charging for mortgage services, home inspections, or property appraisals, fall outside the specific provisions of the statute, as they pertain to different aspects of real estate transactions that are not directly governed by this particular law.