Buyer Select Closing Agent Required Documents

 

Documentation that Closing Agents must return with the BSCA Addendum: If the state is an attorney state you will need: 

 

•Copy of pocket license 

 

•Copy of the bar document stating the lawyer is in good standing with the bar and has not had any disciplinary problems 

 

•Copy of E&O Insurance. Must be insured for at least $1,000,000 ($1,000,000 each for claims and aggregate) 

 

•Address cannot be a P.O. Box – must be a physical address 

 

•Copy of Buyer Select Addendum, Must be typed or legible. 

 

If the state is a title state you will need: 

 

•Copy of Closing Agent’s State License, if never closed a BSCA transaction 

 

•Copy of Closing Agent’s Insurance, if never closed a BSCA transaction 

Errors & Omissions of at least $1,000,000 

Must have at least 60 days remaining on insurance 

Copy of Closing Protection Letter (CPL) 

 

•Address cannot be a P.O. Box – must be a physical address 

•Copy of Buyer Select Addendum, Must be typed or legible. 

© 2020 by Native American Group LLC t/a Better Homes and Gardens Real Estate Native American Group.

A licensed real estate firm in the states of VA/NC

 

 

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