This subchapter does not apply to the closing or settlement of:
(1) a residential real property transaction regulated by the Real Estate Settlement Procedures Act of 1974 (Pub. L. No. 93-533); or
(2) a real property transaction if the closing or settlement is not actually handled by:
(A) a title insurance company, a title insurance agent, or an attorney for a title insurance company or title insurance agent; or
(B) a representative of a title insurance company, a title insurance agent, or an attorney for a title insurance company or title insurance agent.