Escrow & Title
In Colorado, who typically selects the title company in a residential real estate transaction?
AAlways the buyer's lender
BIt is negotiable — either the buyer or seller may select the title company, and the contract specifies who pays✓ Correct
CAlways the listing broker
DThe Colorado Real Estate Commission assigns title companies
Explanation
The selection of the title company is negotiable in Colorado real estate transactions. The Colorado Contract to Buy and Sell specifies who selects the title company and who pays for the various title-related charges.
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