Contracts
In the Colorado CBS contract, who is typically responsible for paying for the owner's title insurance policy?
AA. Always the buyer
BB. As negotiated between the parties (it can be paid by either buyer or seller; custom varies by county in Colorado)✓ Correct
CC. Always the seller
DD. The title company
Explanation
In Colorado, who pays for the owner's title insurance policy is negotiable and varies by county custom. In some Colorado counties (like Denver), the seller traditionally pays; in others, the buyer does.
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