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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment of a fee to:
(a) An attorney for services actually rendered;
(b) A title insurance company to its duly appointed agent for services actually performed in the issuance of a policy of title insurance; or
(c) A lender to its duly appointed agent for services actually performed in the making of a loan.
(2) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment to any person of:
(a) A bona fide salary or compensation or other payment for goods or facilities actually furnished or for services actually performed; or
(b) A fee pursuant to cooperative brokerage and referral arrangements or agreements between real estate brokers.
(3) It shall not be a violation of section 10-11-124:
(a) For an affiliated business arrangement to require a buyer, borrower, or seller to pay for the services of any attorney, credit reporting agency, or real estate appraiser chosen by the lender to represent the lender's interest in a real estate transaction; or
(b) For an affiliated business arrangement where an attorney or law firm represents a client in a real estate transaction and issues or arranges for the issuance of a policy of title insurance in the transaction directly as agent or through a separate corporate title insurance agency that may be established by that attorney or law firm and operated as an adjunct to his or her law practice.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 10. Insurance § 10-11-125. Fees, salaries, compensation, or other payments - last updated January 01, 2025 | https://codes.findlaw.com/co/title-10-insurance/co-rev-st-sect-10-11-125/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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