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Know Before You Owe

In our continued effort to consistently keep our clients and industry professionals apprised of TRID related updates and information, Ligris & Associates will distribute tips and frequently asked questions about the forms and rules under the TILA-RESPA Integrated Disclosure rule.

We hope you’ll find this information helpful and look forward to being your “go-to” resource to everything TRID.

If you are interested in booking Attorney Kosta Ligris to come speak to your office or team, please contact us for his availability.

Question: On Page 5 of the Closing Disclosure there is a box entitled “Contact Information.” Who should be listed in the Real Estate Broker and Settlement Agent sections and what License ID’s should be used?


The purpose of the contact information is to make sure the consumer has easy access to the appropriate parties if they have any questions at the time they receive the Closing Disclosure and post-closing. The “Real Estate Broker (B)” (buyer) and “Real Estate Broker (S)” (seller) column must include the name and address of the brokerage house/company as well as the state license number, if applicable, for the firm. The blue arrows show the address and license number of the brokerage house/company. If only one Real Estate Broker is involved in the transaction, the non-applicable “Real Estate Broker” column may be deleted. This section also requires the individual or “Contact” whom the consumer has the most interaction. This is normally the individual real estate agent. The real estate agent’s state license number must also be listed along with an email address and phone number. The green arrows represent the information for that individual contact (the individual salesperson or broker).

Practical Tip For Real Estate Professionals:
Please be sure to provide the lender and closing attorney/settlement agent with the information necessary to complete this section. You should consider including this information in your commission statements and have these statements prepared once the purchase and sale agreement is executed. In the alternative, provide this information to applicable legal counsel in the transaction, so that they can incorporate it into the purchase and sale agreement. Remember – the lender is preparing the Closing Disclosure and needs to send it to the borrower timely! Having this information at their fingertips will make their job easier and hopefully lead to a smoother transaction. Make sure you provide your name (as listed on your license), license number, email address and telephone number.

Practical Tip For Lenders:
The Commonwealth of Massachusetts has an eLicensing and ePermitting Portal that allows you to search for licensed real estate brokers and salespersons:


The “Settlement Agent” column must contain the company name, company address, and state license number for the firm/company, if applicable. The “Contact” (see green arrows) should be the person the consumer should contact with questions about the closing and settlement of the transaction. ‘License number’ is defined as license number or unique identifier for each person (including natural persons) identified in the table. The Commonwealth of Massachusetts does not license title insurance agents – as such, the blue arrows above are fields that can be listed as “not applicable.” Ask your law firm or title agent to provide you with the name, email address and phone number of the individual contact that the consumer can contact for questions or concerns related to your file.

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Posted In: Real Estate