Help wanted
By Matt Carter, Monday, May 7, 2007.
Job posting for a sales rep at Orange Coast Title Co.’s La Mirada, Calif. office:
“Call on a number of real estate related companies in order to produce title and escrow business for the company. [Sales rep's] primary function is to establish relationships with individuals who can generate business for the company … generous expense account, draw and car allowance.”
California Insurance Commissioner Steve Poizner, speaking last week at the annual convention of the California Land Title Association:
"The relationship-building expenses, some legal, some that have been deemed to be illegal, between the title industry and other players in the real estate transaction, is at the core in my view of the problem” of the way title insurance is marketed.
Orange Coast Title in August agreed to pay a $626,000 fine to settle allegations that it made illegal payments and rebates to induce business. Orange Coast Title denied the allegations.
CLTA president Rich Macaluso is the company's chief operating officer.
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