FirstAm Unit Buys Transam's Tax, Flood Ops

First American Real Estate Solutions, a joint venture 80% owned by the First American Corp., has reached an agreement to buy Transamerica's real estate tax service and flood hazard certification businesses for an undisclosed price.First American said terms of the transaction will be disclosed upon execution of the definitive agreements. The joint venture partner in FARES is Experian Information Solutions. The transaction will be funded from FARES's existing cash and proportional cash contributions from First American and Experian, First American said. Transamerica Finance Corp. is an indirect subsidiary of Aegon, one of the world's largest insurance firms. It is based in the Netherlands. FARES can be found online at http://www.firstamres.com.