Escrow & Title
In Wyoming, which party typically selects the title company and pays for title insurance?
AThe lender always selects and pays for both owner's and lender's policies
BCustoms vary—the buyer typically pays for the owner's policy and lender's policy, but local custom and negotiation determine who selects the title company✓ Correct
CThe WREC assigns title companies to all transactions
DThe seller always pays for all title insurance in Wyoming
Explanation
In Wyoming, local custom and the purchase agreement determine who pays for and selects the title company. Unlike some states with strict customs, Wyoming parties typically negotiate these terms.
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