Colorado Regulator Subpoenas Real Estate Brokerages In Probe Into Alleged Title Insurance Kickbacks

In Colorado Springs, Colorado, The Gazette reports:

• A state regulator has subpoenaed three Colorado Springs residential brokerages as part of her investigation of whether kickbacks were paid by title companies to have business steered their way by real estate companies and agents. The investigation stems from allegations that California title company First American Residential Group Inc. agreed to pay $1 million to Denver-based Re/Max International under such an arrangement. Both companies were subpoenaed along with seven other brokerages in Colorado. The Springs brokerages are not suspected of wrongdoing at this time, said Erin Toll, director of the Colorado Real Estate Division.

For more, see 3 real estate firms subpoenaed in kickback probe.