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Lawrenceburg

Affiliated Business Arrangement Disclosure

This information is subject to change without notice. Please contact a HUFF Realty representative for an up-to-date version of this information.

Affiliated Business Arrangement Disclosure Statement

To:                  _______________________________________________

Property:                         ____________________________________________

From:                  _______________________________________________

Date:                         ____________________________________________

This is to give you notice that Jim Huff Realty, Inc. (Kentucky) and Huff-Drees Realty, Inc. (Ohio) both doing business as HUFF Realty (together, “HUFF Realty”), HomeServices Relocation, LLC, Prosperity Home Mortgage, LLC, Traditions Title Agency, LLC doing business in Ohio as HUFF Realty Title (“HUFF Realty Title”), Edina Realty Title, Inc. doing business in Kentucky as HomeServices Title, Inc. (“HomeServices Title, Inc.”), HUFF Realty Insurance, LLC, and Vanderbilt Mortgage and Finance Inc. doing business as Silverton Mortgage (“Silverton Mortgage”) are part of a family of companies (the “Affiliated Companies”) owned by Berkshire Hathaway, Inc. (“Berkshire Hathaway”), and each may refer to you the services of another. Jim Huff Realty, Inc., Huff-Drees Realty, Inc., HomeServices Relocation, LLC, Prosperity Home Mortgage, LLC, and HomeServices Title, Inc. are each wholly owned either directly or indirectly by HomeServices of America, Inc. (“HSoA”), a Berkshire Hathaway affiliate. HUFF Realty Title is owned 49.9% by Jim Huff Realty, Inc. HUFF Realty Insurance, LLC is owned 50% by HomeServices Insurance, Inc. (“HSI”), a wholly-owned direct subsidiary of HSoA. Silverton Mortgage is a wholly-owned indirect subsidiary of Clayton Homes, a Berkshire Hathaway affiliate. Because of these relationships, the referral of a customer (including you) by any of the Affiliated Companies to another may provide the referring company, its affiliates, and/or their employees with a financial or other benefit.

In addition, while HUFF Realty is not affiliated with American Home Shield Corporation doing business as HSA Home Warranty (“HSA Home Warranty”) or HMS National, Inc. doing business as HMS Home Warranty (“HMS Home Warranty”), it does advertise them for a fixed service fee.

Set forth below is the estimated charge or range of charges for each of the services listed. You are NOT required to use any of these service providers as a condition of the sale of the subject property or to obtain access to any settlement service.

THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES.  YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.

Service Provider

Service Provided

Charge or Range of Charges

HUFF Realty

Broker’s Commission

$199 plus 6% - 10% of the sales price

 

HomeServices Relocation, LLC

Relocation Services

Fees paid by real estate broker

 

Prosperity Home Mortgage, LLC

Loan Origination Fee

$0 - $1,199 (2% of loan amount on some bond products)

Appraisal

$425 - $1,102

Third Party Fees

$33 - $215 (credit report, tax service fee, flood cert fee)

 

HUFF Realty Title

(Ohio)

 

OR

 

HomeServices Title, Inc. (Kentucky)

Lender’s Policy

$2.00 - $4.00 (OH) or $1.50 - $3.35 (KY) per $1,000 of coverage, depending on type and total amount (minimum $125 (OH) or $100 (KY)); or $100-$150 if issued simultaneously with Owner’s Policy

Owner’s Policy

$2.25 - $5.75 (OH) or $2.00 - $4.40 (KY) per $1,000 of coverage, depending on type and total amount (minimum $175 (OH) or $100 (KY))

Endorsements

$50 - $250 each (OH) or $30 - $100 each (KY)

Title Insurance Binder

$60 - $100 (OH only)

Closing/Settlement Fee

$425 (OH only)

Title Search and Exam Fees

$55 - $100 per transaction (KY only)

Closing Protection Letter

$40 (OH) or $50 (KY)

 

HUFF Realty Insurance, LLC*

Homeowner’s Insurance

$200 - $2,500 annual premium, depending on product and associated risk assessments (e.g., age of home, credit score, past claims of the insured, etc.)

 

Silverton Mortgage

Loan Origination Fee

0 – 2.75% of the loan amount (includes third party fees)

Appraisal

$475 - $900

 

HSA Home Warranty

Home Warranty

$399 - $1,500, depending on property and coverage options

 

HMS Home Warranty

Home Warranty

$359 - $1,000, depending on property and optional coverage

ACKNOWLEDGEMENT:  I/we have read this disclosure form and understand that the Affiliated Companies may refer me/us to purchase the above-described settlement service(s) from one another and that any such referrals may provide the referring company, its affiliates, and/or their employees with a financial or other benefit.



Signature    _______________________________________________ (Date) ________________                                                            

Signature    _______________________________________________  (Date)________________

* In rare cases, your insurance policy may instead be issued by Trident Insurance Agency Company LP or Long & Foster Insurance Agency, Inc., affiliates of HSI, or under another of its trade names. HSI’s trade names include: Edina Realty Insurance Agency, Home Team Insurance, HomeServices Insurance Agency, InsuranceSouth, Long Insurance Group, PCG Agencies, PCG Insurance Agency, ReeceNichols Insurance and Thoroughbred Insurance Agency.

 

Rev 06/10/19