I would for sure look into that harder. Dealer or private party? If dealer have them check with the state to see what's up. If you're going to register it in another state make sure the current title is clear. That is a branded title unless it's an OH error of some sort. It's either a big deal, or an error, but I doubt the state made an error. It's certified after that issue, and I suspect BMW wouldn't certify a car that had a branded title, but maybe they don't check? Either way, if that doesn't get fixed it'll always be on there and then you'll be stuck explaining to the next buyer why it isn't a big issue. Also, check with your insurance company. They can search the title in their system and see if it's ever been recorded as a loss or salvage etc. Something is causing that issue.