Escrow & Title
In Colorado, a real estate closing 'settlement agent' has a fiduciary duty to:
ARepresent the buyer exclusively
BAct as a neutral party handling the closing impartially for all parties and lenders✓ Correct
CRepresent the lender exclusively
DRepresent the broker who referred the closing
Explanation
A settlement agent (title company or attorney) in Colorado acts as a neutral, trusted third party who handles the closing impartially. They ensure all conditions are met, funds are properly collected and disbursed, and documents are properly executed and recorded.
Related Colorado Escrow & Title Questions
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