Land Acquistion Title and Closing Services

Master Agreement SL012 provides real estate title insurance services and related acquisition support for Florida's land acquisition and land management projects. The contract encompasses a comprehensive scope of title-related deliverables, including ownership and encumbrance reports, title search reports, title commitments, title searches, search updates, title policies, closing services, and other related acquisition services. The master agreement also authorizes escrow payment processing services, whereby the contractor receives and deposits escrow funds from potential property purchasers into noninterest-bearing accounts within 24 hours, then disburses funds to appropriate parties as directed by the Department of Environmental Protection for appraisals, surveys, title work, and related expenses. Compensation is structured on a task assignment basis with fixed fee schedules, including title search and closing commitment services at $275 per commitment, closing fees of $400 upon transaction closing, title insurance policies at promulgated rates, and hourly billing rates ranging from $50 to $175 for specialized services such as senior closer duties and escrow processing.

The prime contractor for this Master Agreement is Tallahassee Title Group, LLC (FEID No. 59-1904715001), with the Florida Department of Environmental Protection serving as the contracting organization. The contract was executed on September 19, 2022, with an effective date of October 30, 2022, and an original completion date of October 29, 2023, which has been extended through subsequent contract modifications. The Master Agreement covers all regions and counties throughout Florida and operates as an indefinite delivery/indefinite quantity contract vehicle with no guaranteed minimum work. Performance is measured through the DEP Contract Manager's review of deliverables for specification compliance, with financial consequences providing that DEP will not compensate for unsatisfactory work, although contractors retain the right to remedy deficiencies at no cost to the state. The contract type is classified as a Master Agreement under Florida Statute 287.057(1)(b) procurement methodology.