Question

If ABC Title Insurance Company wants to get into the business of handling escrows, what steps should they primarily take?

A) Acquire a bank license.
B) Hire real estate agents.
C) Obtain regulatory approval.
D) Invest in stocks.

Answer 1

To get into the business of handling escrows, ABC Title Insurance Company should primarily obtain regulatory approval.

Step-by-step explanation:

The primary step ABC Title Insurance Company should take to get into the business of handling escrows is to obtain regulatory approval. This involves securing legal authorization and meeting the requirements set by relevant regulatory bodies overseeing escrow services. It is crucial for the company to comply with the necessary regulations and guidelines to ensure smooth operations and build trust with clients.