The American Land Title Association (ALTA) has been recognized as a Power of Associations Gold Award winner by the American Society of Association Executives (ASAE) for its successful “Combating NTRAPS” initiative.
The award was given for the work ALTA and AARP, a collaborator, put into raising awareness and advocating against the predatory practice of filing unfair real estate fee agreements in property records, known as Non-Title Recorded Agreements for Personal Services (NTRAPS). NTRAPS is a type of real estate service agreement that preys upon homeowners, offering small, upfront cash payments in exchange for decades-long contracts — sometimes up to 40 years — for exclusive rights to sell the property, even after the homeowner has passed away.
“ALTA is pleased to be honored with a Power of Associations Gold Award from ASAE,” ALTA CEO Diane Tomb said. “Protecting consumers and safeguarding property rights is at the core of ALTA’s mission. I am proud of the work ALTA — led by ALTA Vice President of Government Affairs Elizabeth Blosser and State Government Affairs Manager Caroline Cone — and AARP have accomplished and the results we have achieved.”
“Congratulations to ALTA for exemplifying the impact associations have on the industries and professions they represent, and on society at large,” ASAE President and CEO Michelle Mason, FASAE, CAE, said. “It’s always so incredibly satisfying to see associations going above and beyond their everyday mission to change the world. We’re very proud to spotlight this award-winning initiative.”