(1) Nothing in section 10-11-124 or 10-11-126 shall be construed to prohibit payment of a fee to:
An attorney for services actually rendered;
A title insurance company to its duly appointed agent for services actually performedin the issuance of a policy of title insurance; or
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:
A bona fide salary or compensation or other payment for goods or facilities actuallyfurnished or for services actually performed; or
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:
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
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.