What must a title agent provide in relation to affiliated business arrangements?

The correct answer involves understanding the regulatory requirements surrounding affiliated business arrangements, particularly under the Real Estate Settlement Procedures Act (RESPA). When a title agent is involved in an affiliated business arrangement, they are required to disclose certain information to consumers.

In this context, a title agent must provide a written estimate of charges for title services to ensure transparency and allow consumers to make informed decisions regarding the costs involved in their transactions. This estimate must be presented to the consumer at or before the time of referral to the affiliated business. The intention is to disclose any financial relationships that may influence the selection of title services, which helps prevent potential conflicts of interest and promotes fair competition.

While a list of all affiliated businesses, the history of the title agency, and the financial interest of all parties involved may be relevant information, they are not specifically mandated by law to be provided to the consumer in the context of affiliated business arrangements like the written estimate of charges is. Therefore, focusing on the requirement for a written estimate is essential in understanding the obligations of title agents within these arrangements.