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, HomeServices Lending, 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.”) and HUFF Realty Insurance, LLC are part of a family of companies (the “Affiliated Companies”), and each may refer to you the services of another.  Jim Huff Realty, Inc., Huff-Drees Realty, Inc., HomeServices Relocation, LLC, HomeServices Lending, LLC, and HomeServices Title, Inc. are each wholly owned by HomeServices of America, Inc. (“HSoA”), either directly or through one or more subsidiaries.  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.  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 HMS Home Warranty (“HMS”), it does have a contractual relationship with HMS pursuant to which HUFF Realty advertises and promotes HMS 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

 

HomeServices Lending, LLC

Loan Origination

$545 - $1,390

Discount Points

0.0% - 4.0% of loan amount (optional)

Appraisal

$250 - $975 (fees may significantly exceed this range due to complexity of appraisal and/or property)

Credit Report

$9.75 - $114.50

Tax Service Fee

$65 - $110

Flood Certification Fee

$10 - $30

 

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  (Ohio only)

Closing/Settlement Fee

$425 (Ohio only)

Title Search and Exam Fees

$55 - $100 per transaction (Kentucky only)

 

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.)

 

HMS Home Warranty

Home Warranty

$489 - $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)

*HUFF Realty Insurance, LLC is an affiliate of HomeServices Insurance, Inc. (“HSI”), a wholly owned subsidiary of HSoA.  In rare cases, your insurance policy may instead be issued by another of HSI’s affiliated companies or under one of its trade names.  HSI’s affiliates include Edina Realty Insurance, LLC, HomeServices Insurance Agency, LLC and Reece & Nichols Insurance, LLC, each wholly owned by HSI; and several joint ventures in which HSI has a 50% ownership interest: CBSHOME Insurance, LLC, Connecticut Insurance Services, L.L.C., H N Insurance Services, LLC, HomeServices of Kentucky, LLC dba HomeServices Kentuckiana Insurance, HomeServices of Nebraska Insurance, LLC, and Huff Realty Insurance, LLC.  HSI’s trade names include: Fort Dearborn Insurance Agency, HomeServices Insurance Agency, Inc., HomeServices Insurance Georgia, HomeServices Insurance Maryland, InsuranceSouth and Long Insurance Group.

 

Rev 10/06/16