This chapter of Title & Escrow Education Online discusses the various prorations and other adjustment of fees and charges set forth on the settlement statements. As an escrow officer, it is necessary to understand what items need to be prorated, how prorations are calculated, and when these amounts need to be shown on the settlement statement. Prorating is the adjustment of various charges affecting real property between a buyer and a seller.
The proper determination of prorated fees is an essential ability in the escrow closing process. When this adjustment of charges is not handed properly, one of the parties is charged for an amount which is inappropriate. This seminar will review the procedures to appropriately prorate charges between the buyer and seller.
Course Tuition: $ 75.00
NOTICE: Online courses must be completed within 60 days of registration. Failure to complete this online course within this time limit will require you to renew your course registation. The renewal of a course registation will cost $25.00 and will give you an additional 10 days to complete the course.