The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-03-27
AVOID DELAYS IN
MAKING DEEDS
Real Estate Broker Tells How
Transaction Is Expedited
BY Certificates.
BUYER MAY CHANGE MIND
ONE OF DANGERS INsEPARABLE
FROM OLD STYLE TRANSFER.

Speed counts in the real estate bust
ness these days" said local realty man
yesterday In discussing the transfer Of
property. ''In the art Of transferring
property speed is as much Of q requisite
as many other requirements. To be able
to deliver clear title to piece Of prop
erty in short order, before the prospec-
tive buyer has a chance to change his
mind. or find something better, or which
for the time strikes his fancy better, has
often been the means OF helping along a
SALE which otherwise might have gone
glimmering, or perhaps into the hands
OF another agent. Because OF the pres
sure which has been brought to bear on
the various abstract and title companies
they have learned to dispatch the bust
ness sought. rapidly and with the least
possible expense.
zone feature, which is in vogue to a
greater extent in some OF the larger
cities of the United States, has won quite
a following in this city. This IS the Ger
f.ficate OF title, which is primarily a guar
e2tee from the abstract company that the
abstract OF a piece OF property which
they have investigated has been found
clear and Unencumbered This certificate
takes the place Of pages and pages Of &C
tuaI abstracts, which were produced be-
fore the certificate OF title came into USE
In fact at the present time in Salt Lake
] suppose the more pFvalent system OF
the two is the old way. BY many, how
over, the certificate OF title is considered
safer and more profitable than the old
cumbersome abstract which every pur-
chaser was burdened with upon buying q
new holding.
Abstract Too Cumbersome.
There is increasing dissatisfaction
with the a bstract because of its bulki-
ness and the necessary time required in
its compilation. II is claimed by. many
who have investigated thoroughly the
merits OF both systems, that the abstract
itself is an unfinished product and that
therefore the abstract fails TO meet the
require ments of In urban community.
Then, too, the questions or liability
and responsibility are being considered as
never before. The cOmpleXity OF COM
munity property laws resulting in diverg
ent views upon the same propositions OF
law, the rapid rise OF values in real es-
tate, the frequent attempts IN our courts
TO establish latent eQuitles-all have had
8 tendency to direct the attention OF in
vestors toward speed and safety in title
examination and certificatiOn. They are
no longer content that the liability of
abstractor and OF examiner should de-
pend upon the doctrine of negligence; nor
that the latter should be excused from
giving an erroneous opinion upon moot
ed question Of law. They require some
form OF title evidence and assurance
which is simple, concise, accurate, under
which there is UnQuestioned liability
without regard to negligence and back
of which there is absolute responsibility.
'sThis certificate is not the result Of
any one individuals work. Ordinarily not
less than six people contribute their
iabors IN the listing, checking, exa mining
and re-examining OF the finished certifi-
cate, and wherever the system is being
successfully operated 1t will be found
that the searchers and examiners are spe-
oialists. who have been taught to do
quickly and well their particular branch
Of the work.
~ -F Fa
larger companies operating throughout
the country for a special fund backing
up" their certificates. Of title and policies
OF title insurance only.