Select Living Magazine Issue IX | Page 8

DISCLOSE WITH CO NFIDENCE Lori Wilson Sacramento - Lake Tahoe C: [phone] P: [phone] F: [phone] [email protected] Colette Talamantes North Valley C: [phone] P: [phone] F: [phone] [email protected] www.PropertyID.com 6 Easy Steps to Select a NHD Provider Can Your NHD Provider Pass The Property I.D. Test? 1. Warranty of Completeness: Require a written commitment assuring that their report is as complete as Property I.D.’s report. Why: An incomplete report puts you at risk. Property I.D. Other NHD Yes 2. $20,000,000 Proof of Insurance: Require documented proof of insurance from an “A” rated insurance company. Why: If they cannot show proof, they may not have insurance. Yes 3. Named Insured: Require documented proof that you are a “named insured” under the provider’s insurance policy. Why: If you or your company are not a named insured, you may not be protected. Yes 4. Historical Performance: Has the NHD company been in business under the same ownership for 10 years or more? Why: When the NHD company is sold, you may not be protected for past reports. Yes 5. Database Ownership: Require that your NHD company has ownership of their source data and is not a reseller of third party data. Why: When a NHD company does not take responsibility for its third party data, you may not be protected. Yes 6. Keeping Business In The United States: Does the company that produces your NHD Reports keep all their business in the USA? Why: When a company sends their business outside of the USA they are taking away American jobs. Yes California Civil Code Section 1103.7: Transferor(s) and their agent(s) acknowledge that they have exercised good faith in the selection of a third-party report provider as required in Civil Code Section 1103.7.