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Real Estate Supplement 1. In the past five (5) years has the Applicant had more than two (2) residential transactions greater than $5MM or commercial greater than $50MM?YesNo2. Does the Applicant firm verify the property description with the owner?YesNo3. Does the Applicant firm require all parties to represent and warrant all substantive elements of the transaction have been fully disclosed?YesNo4. Does the Applicant firm verify that all settlement statements are calculated accurately and reconcile with each other?YesNo5. Does the Applicant firm require signoffs from both parties on all document modifications?YesNo6. Does the Applicant avoid inadvertent attorney/client relationships by having the non-represented party sign an acknowledgement?YesNo7. During the past year, what percentage of the cases does the Applicant firm hold escrow funds?8. In the past five (5) years, of the total commercial real estate transactions handled by the Applicant Firm, what percentage involved syndications, master limited partnerships, REITs, or any other transaction involving more than five (5) passive investors?YesNo9. In the past 12 months, what is the average annual number of real estate transactions other than purchase or sale handled by the Applicant Firm in each category below? a. Mortgages, refinancing:b. Foreclosures / Loan Workoutsc. Title Searches / Document Preparation:d. Litigation other than foreclosures:e. Zoning, Eminent Domain, Tax Assessment Appeals:f. Landlord/Tenant Disputesg. OtherDescribe:10. In the past five (5) years, with respect to title work handled by the Applicant Firm, has the Applicant performed title searches?YesNoParty Performing Search Residential Searches Commercial Searches i. Lawyer of Applicant Firm:ii. Non-lawyer employee of Applicant Firm:iii. Lawyer not a member of Applicant Firm:iv. Non-lawyer subcontractor:11. Does the Applicant Firm, or any lawyer for whom coverage is sought, wholly own a title agency?YesNoa. If “Yes”, is coverage sought for such Title Agency as an additional insured on policy?YesNob. Are at least 75% of the clients of said Title Agency also clients of the Applicant Firm?YesNo12. In the past five (5) years has any lawyer for whom coverage is sought acted as a title insurance agent?YesNoAPPLICANT UNDERSTANDS THE INFORMATION SUBMITTED HEREIN BECOMES A PART OF THE APPLICANT’S LAWYERS PROFESSIONAL LIABILITY INSURANCE APPLICATION AND IS SUBJECT TO THE SAME REPRESENTATIONS AND CONDITIONS. Sign and date in inkSignature: Title:Date:Printed Name:Name of Firm:
