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2020 Colorado Revised Statutes
Title 10 - Insurance
Article 11. Title Insurance
Section 10-11-125. Fees, salaries, compensation, or other payments.

Universal Citation:
CO Rev Stat § 10-11-125 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

(1) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment of a fee to:

  1. An attorney for services actually rendered;

  2. A title insurance company to its duly appointed agent for services actually performedin the issuance of a policy of title insurance; or

  3. A lender to its duly appointed agent for services actually performed in the making ofa loan.

(2) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment to any person of:

  1. A bona fide salary or compensation or other payment for goods or facilities actuallyfurnished or for services actually performed; or

  2. A fee pursuant to cooperative brokerage and referral arrangements or agreementsbetween real estate brokers.

(3) It shall not be a violation of section 10-11-124:

  1. For an affiliated business arrangement to require a buyer, borrower, or seller to payfor 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

  2. For an affiliated business arrangement where an attorney or law firm represents aclient 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.

Source: L. 2006: Entire section added, p. 267, § 2, effective July 1.

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