Affiliated Business Arrangement Disclosure Statement
First Weber and Affiliated Companies
This is to give you notice that First Weber, Inc. and First Weber Illinois, LLC, together doing business as First Weber and/or First Weber, REALTORS® (“First Weber”), HomeServices Relocation, LLC, HomeServices Lending, LLC, Priority Title Corporation, County Land & Title, LLC, Ekum Title LLC, Lafayette Land Title Services LLC, Land Title and Closing Services, L.L.C., Northwoods Title & Closing Services, LLC, Preferred Title, LLC, Schmitt Title, LLC, Southeastern Title, LLC, Wisconsin River Title Consultants LLC and Wood County Title, LLC are part of a family of companies (the “Affiliated Companies”), and each may refer to you the services of another. First Weber, Inc., First Weber Group Illinois, LLC, HomeServices Relocation, LLC, HomeServices Lending, LLC and Priority Title Corporation are each wholly owned by HomeServices of America, Inc. (“HSoA”), either directly or through one or more subsidiaries. HSW Affiliates Holding, LLC (“HSW Affiliates”), a wholly-owned subsidiary of HSoA, has an ownership interest in each of the following Affiliated Companies: County Land & Title, LLC (20%), Northwoods Title & Closing Services, LLC (30%), Preferred Title, LLC (40%), Schmitt Title, LLC (16%), Wisconsin River Title Consultants LLC (50%) and Wood County Title, LLC (40%). In addition, Preferred Title, LLC has an ownership interest in Ekum Title LLC (35%), Land Title and Closing Services, L.L.C. (79%), Schmitt Title, LLC (16%) and Southeastern Title, LLC (50%). Lafayette Land Title Services LLC is wholly-owned by Ekum Title LLC. 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.
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.
Table 1 – First Weber and Affiliated Companies
| Service Provider | Service Provided | Charge or Range of Charges |
|---|---|---|
| First Weber | Broker’s Commission | $295 plus 6 - 8% of the sales price for residential properties; $295 plus 10% for vacant land and commercial properties. Minimum $4,800. |
| HomeServices Relocation, LLC | Relocation Services | Fees paid by real estate broker |
| HomeServices Lending, LLC | Loan Origination | $545 - $1,595 |
| Discount Points | 0.0% - 4.0% of loan amount (optional) | |
| Appraisal | $395 - $1,000 (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 | |
| Priority Title Corporation /
County Land & Title, LLC / Ekum Title LLC / Lafayette Land Title Services LLC / Land Title and Closing Services, L.L.C. / Northwoods Title & Closing Services, LLC / Preferred Title, LLC / Schmitt Title, LLC / Southeastern Title, LLC / Wisconsin River Title Consultants LLC / Wood County Title, LLC |
Lender’s Policy | $300 - $400 if simultaneously issued with Owner’s Policy; if not, $375 - $425 flat fee up to $15,000 purchase price, plus $3.00 per $1,000 of purchase price above $15,000 but below $100,000; add $2.00 per $1,000 above $100,000 but below $500,000; add $1.00 for each $1,000 above $500,000 but below $1,000,000; add $0.75 per thousand over $1,000,000 up to $5,000,000. Simultaneous reissue rate available. |
| Owner’s Policy | For standard coverage, $375 - $425 flat fee up to $15,000 purchase price, plus $3.00 per $1,000 of purchase price above $15,000 but below $100,000; add $2.00 per $1,000 above $100,000 but below $500,000; add $1.00 for each $1,000 above $500,000 but below $1,000,000; add $0.75 per thousand over $1,000,000.00 up to $5,000,000. Reissue rate available. | |
| Endorsements | $0 - $500 depending on coverages requested. | |
| Settlement Services Fee | $45 - $200 deed and document preparation fees; $125 - $400 escrow/settlement fees |
Interested Parties and Additional Providers
Neither First Weber nor any other HSoA-affiliated company has any ownership interest in Universal Home Protection, LLC; Dependable Title of Wisconsin, LLC; and Point Title, LLC (collectively, “Additional Providers”). This is to give you notice, however, that some officers, employees, and real estate agents of First Weber (“Interested Parties”), individually or together, own interests in the Additional Providers. The Interested Parties are Shawna Alt, J. Michael Baker, William Bayba, Paul Brown, Robert Bushman, Barbara Clinard, Diana Gerke, James R. Imhoff, Jr., Steve Lane, Daniel Lee, Carole Lukens, Gregory Onsager, Sharon Rapkin, David Roark, Darlene Wahls, Robert Weber, Ruth Ann Weber, and Michael Yokers. The Interested Parties’ collective ownership interests in the Additional Providers are as follows: Universal Home Protection, LLC (40%), Dependable Title of Wisconsin, LLC (31.5%), and Point Title, LLC (100%). Because of these relationships, the referral of a customer (including you) by any of the Interested Parties to the Additional Providers may result in one or more of the Interested Parties receiving a financial or other benefit.
Set forth below is the estimated charge or range of charges for each of the Additional Providers’ listed services. 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.
Table 2 – Interested Parties and Additional Providers
| Service Provider | Service Provided | Charge or Range of Charges |
|---|---|---|
| Universal Home Protection, LLC | Home Warranty | $450 for Basic Plan. Up to $1,200 depending on property type and coverage options. |
| Dependable Title of Wisconsin, LLC | Lender’s Policy | $250 - $350 |
| Owner’s Policy | $375 for policies $15,000 and under, plus $3 for each additional $1,000 or less of coverage up to $100,000, plus $2 for each additional $1,000 or less of coverage between $101,000 and $500,000, plus $1 for each additional $1,000 or less of coverage between $501,000 and $1,000,000, plus $0.075 for each additional $1,000 of coverage above $1,001,000. Reissue rate available at 20% discount, with a $375 minimum. | |
| Special Assessment/Verification | $15 minimum, varies by municipality and number of parcels. | |
| Endorsements | $0 - $500 depending on coverages requested. | |
| Deed Preparation Fee | $50 - $150 | |
| Closing Fee | $150 - $350, plus $20 - $25 for each wire and overnight package. | |
| Point Title, LLC | Lender’s Policy | $350 |
| Owner’s Policy | $425 for policies $15,000 and under, plus $3 for each additional $1,000 or less of coverage up to $100,000, plus $2 for each additional $1,000 or less of coverage between $101,000 and $500,000, plus $1 for each additional $1,000 or less of coverage between $501,000 and $1,000,000, plus $0.075 for each additional $1,000 of coverage above $1,001,000. Reissue rate available at 20% discount, with a $425 minimum. | |
| Special Assessment/Verification | $15 minimum, varies by municipality and number of parcels. | |
| Endorsements | $0 - $500 depending on coverages requested. | |
| Deed Preparation Fee | $50 - $150 | |
| Closing Fee | $150 - $350, plus $20 - $25 for each wire and overnight package. |
(Revised 8/17)