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[+] first snow... - monica froese/ME (1 reply)
11/14/2004 6:52:26 PM (2741 views)

[+] Contact Info for Frank Navarro, InfoTrack for Re-Bill - Oliver Chisolm, Jr/MS (3 replies)
11/13/2004 6:50:49 PM (2909 views)

[+] Working together... (more) - Robert Franco/OH (1 reply)
11/12/2004 6:58:04 PM (3641 views)

[+] Should SOT Support Companies Doing Online Searches - Lisa Ramsey/TX (23 replies)
11/11/2004 5:13:40 PM (2749 views)

[+] IF YOU LOVE YOUR FREEDOM, THANK A "GRUNT" - Scott Perry/PA (1 reply)
11/11/2004 4:09:57 PM (2791 views)




[+] Someone STOLE..... - Michelle Bernard/LA (13 replies)
11/11/2004 12:02:30 PM (2878 views)

[+] I am a Veteran - Jay Duncan/MO (4 replies)
11/10/2004 11:09:37 PM (2678 views)

[+] It is the soldier - Jay Duncan/MO (3 replies)
11/10/2004 10:40:58 PM (2611 views)

[+] Skipjack - kevin ahern/CT (17 replies)
11/10/2004 5:00:03 PM (2824 views)

[+] E&O insurance - Judy Nisonger/CA (3 replies)
11/10/2004 1:54:28 PM (3481 views)

[+] Online services - Jimmy Smith/PA (13 replies)
11/10/2004 12:43:30 PM (2771 views)

[+] online searchers put me out of buss. - JD Smith/SC (23 replies)
11/10/2004 12:18:49 PM (2710 views)

[+] infoTrack - Frank Navarro - Traci/AL (7 replies)
11/10/2004 11:09:59 AM (2883 views)

[-] Competing With Online Searches - Compass Abstracts/FL (19 replies)
11/10/2004 12:25:40 AM (2676 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/10/2004 3:25:46 AM (4031 views)
Re: Competing With Online Searches - terezia pataki/FL
11/10/2004 10:25:18 AM (4096 views)
Re: Competing With Online Searches - Shannon Blatt/VA
11/10/2004 11:24:25 AM (3985 views)
Re: Competing With Online Searches - Lisa Ramsey/TX
11/10/2004 11:39:15 AM (4103 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/10/2004 1:16:20 PM (3913 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 12:02:04 AM (3864 views)
Re: Competing With Online Searches - Kurt deVries/FL
11/12/2004 1:52:22 PM (3957 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 11:36:49 PM (3968 views)
Re: Competing With Online Searches - Rebecca Barney/FL
11/15/2004 10:20:02 AM (3901 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/10/2004 5:43:16 PM (3905 views)
Re: Competing With Online Searches - David Bloys/TX
11/10/2004 8:02:37 PM (3927 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/11/2004 4:48:27 PM (3914 views)
Re: Competing With Online Searches - Jeanne Johnson/MN
11/11/2004 1:53:53 PM (3996 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 12:13:11 AM (3906 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/12/2004 6:06:17 PM (3706 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 11:29:13 PM (3819 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/13/2004 1:18:57 AM (3863 views)
Re: Competing With Online Searches - Robert Franco/OH
11/13/2004 4:44:23 PM (3987 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 (3799 views)

[+] Associations - Judy Nisonger/CA (2 replies)
11/9/2004 5:01:27 PM (2527 views)


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