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[+] infoTrack - Frank Navarro - Traci/AL (7 replies)
11/10/2004 11:09:59 AM (2811 views)

[-] Competing With Online Searches - Compass Abstracts/FL (19 replies)
11/10/2004 12:25:40 AM (2610 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/10/2004 3:25:46 AM (3880 views)
Re: Competing With Online Searches - terezia pataki/FL
11/10/2004 10:25:18 AM (3927 views)
Re: Competing With Online Searches - Shannon Blatt/VA
11/10/2004 11:24:25 AM (3834 views)
Re: Competing With Online Searches - Lisa Ramsey/TX
11/10/2004 11:39:15 AM (3941 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/10/2004 1:16:20 PM (3760 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 12:02:04 AM (3719 views)
Re: Competing With Online Searches - Kurt deVries/FL
11/12/2004 1:52:22 PM (3804 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 11:36:49 PM (3812 views)
Re: Competing With Online Searches - Rebecca Barney/FL
11/15/2004 10:20:02 AM (3746 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/10/2004 5:43:16 PM (3742 views)
Re: Competing With Online Searches - David Bloys/TX
11/10/2004 8:02:37 PM (3772 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/11/2004 4:48:27 PM (3740 views)
Re: Competing With Online Searches - Jeanne Johnson/MN
11/11/2004 1:53:53 PM (3829 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 12:13:11 AM (3745 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/12/2004 6:06:17 PM (3551 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 11:29:13 PM (3664 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/13/2004 1:18:57 AM (3718 views)
Re: Competing With Online Searches - Robert Franco/OH
11/13/2004 4:44:23 PM (3822 views)

I have to agree with Doug on this... I would just refer the client to the other abstractor; and hope that when the other abstractor is in a similar position, they will refer work to me.  In fact, I have found this works quite well.

The problems with sub-contracting orders out are:

1.)  You still have an E&O concern.  If there is a problem with the search, your client will come back on you (they ordered it with you, you billed for it, you were paid for it).  If the abstractor you used had E&O you could try to make a claim against them for your loss, but your E&O still has the duty to defend you. 

Also, E&O is a claims made policy.  That means that if the policy is not in force at the time the claim is made, there is no coverage.  Therefore, if the abstractor you used gets out of the business, gets their policy canceled, dies, etc... there won't be any coverage to fall back on.  Your E&O would have to cover it, therefore, I think your rates would be higher if you were going to subcontract to others.

2.)  Turn-Around-Time would increase.  You are adding more steps to the process and it will ultimately take longer to get it back to the client.  Also, as Doug pointed out, if they have questions on the order, you have to call another abstractor and call the client back.  It would be more efficient to have the client deal directly with the abstractor.

3.)  Your reputation is on the line.  The client placed the order with you, they may expect that you will do it.  If the other abstractor does a lousy search, or takes too long to get it back, it will reflect poorly on you.  Usually, I think if you refer them to another abstractor, they will appreciate the help but won't blame you if the abstractor isn't the quality they expected.

4.)  There really isn't any more money in doing it this way.  You are splitting the usual fee, you would make the same amount of money just referring clients - assuming an equal amount of reciprocation.

In short, by referring the client to the abstractor, you get to charge your full fee for the work you do, and you don't incur any liability for work you didn't do.

Robert A. Franco
SOURCE OF TITLE

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Re: Competing With Online Searches - Judy Nisonger/CA
11/13/2004 5:26:40 PM (3649 views)

[+] Associations - Judy Nisonger/CA (2 replies)
11/9/2004 5:01:27 PM (2442 views)

[+] Surfin' - Judy Nisonger/CA (1 reply)
11/9/2004 4:27:31 PM (2338 views)

[+] Post NALTEA Conference Meeting - Robert Franco/OH (5 replies)
11/9/2004 3:17:19 PM (2353 views)


Real Title Services


[+] NCSTATE BAR TRYING TO SHUT DOWN INDEPENDENT PARALEGALS - Donna Grady/NC (4 replies)
11/9/2004 11:28:24 AM (2553 views)

[+] 3000 - Shannon Blatt/VA (3 replies)
11/8/2004 5:20:02 PM (2366 views)

[+] Zeno Data - Matthew DeLand/NY (5 replies)
11/8/2004 4:49:23 PM (2491 views)

[+] 3S Realserv - Lynn Hammett/SC (2 replies)
11/8/2004 2:57:49 PM (2570 views)

[+] Searcher Owes Insurer For Missed Judgment - David Bloys/TX (12 replies)
11/8/2004 1:53:09 PM (2628 views)

[+] For Judy - Shannon Blatt/VA (1 reply)
11/7/2004 3:33:55 PM (2301 views)

[+] Client of the Month - Shannon Blatt/VA (7 replies)
11/6/2004 6:49:33 PM (2393 views)

[+] Hanc Group - Susan Raynard/MA (1 reply)
11/6/2004 1:21:44 PM (2348 views)

[+] Does anyone know G Docs - Jacqueline Costa/RI (2 replies)
11/6/2004 10:55:43 AM (2356 views)

[+] Blue Sky Laws - Judy Nisonger/CA (5 replies)
11/5/2004 7:35:53 PM (2538 views)


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