Disclosure

Affiliated Business Arrangement Disclosure

Summary: This Affiliated Business Arrangement Disclosure (“Disclosure”) is being given to you to provide important information about relationships The Platinum Group has with certain companies you may choose to work with for services related to real estate transactions, including mortgage lending, title insurance & closing/escrow, property management, and home warranties. If you choose to work with one of these companies, The Platinum Group could receive a financial benefit. By signing below, you acknowledge that you have read and fully understand this Disclosure.

The Platinum Group: The Platinum Group LLC d/b/a “The Platinum Group, Realtors®” (“The Platinum Group”) is a Colorado licensed real estate brokerage firm specializing in residential real estate. The Platinum Group has an affiliated business relationship with each of the following companies. Along with a description of their offered services and website (if applicable), the table includes an estimate of rates charged for their respective services. Current rates, as well as more detailed information about the types of services offered, can be obtained from each company upon request.

Company Settlement Services Estimate of Charges
Guaranteed Title Group, LLC
Website: gtgroupllc.com
Title Insurance Coverage
(Based on Coverage Amount)
(Up to $100,000): $537 - $759;
($100,001 - $250,000): $769 - $1,042
($250,001 - $500,000): $1,051 - $1,504
Guaranteed Title Group, LLC
Website: gtgroupllc.com
Closing Services $290 - $450
Collective Insurance Group, LLC
Website: collectiveinsgroup.com
Property and Casualty Insurance Rates and charges for property and casualty insurance from Collective Insurance Group, LLC will vary depending on the location and type of property. Quotes for this service are available on the provided website for Collective Insurance Group, LLC.
Group Mortgage, LLC
Website: houseloan.com/groupmortgage
Processing Fee$700.00
Group Mortgage, LLC
Website: houseloan.com/groupmortgage
Underwriting Fee$795.00
TriStar Property Management, LLC
Website: tristarpropertymgmt.com
Property Management Tenant Placement: 25-100% of 1st Month’s Rent
Management Fees: 7-10% of Collected Rent
American Home Shield Corporation (AHS)
Website: ahs.com
Home Warranties Depends on property location, quotes available on website by entering zip code
America’s Preferred Home Warranty (APHW)
Website: aphw.com
Home Warranties Depends on property location, quotes available on website by entering zip code

Affiliated Business Relationships: For Guaranteed Title Group, Group Mortgage, and TriStar Property Management, the nature of the affiliated business relationship is that certain owners of The Platinum Group, as well as some of its real estate agents, indirectly own part of those companies by virtue of having invested in a company (TPG Capital Partners, LLC) that owns part of TriStar Property Management and also owns a minority interest in another investment company (Group Financial Partners, LLLP), which in turn owns a portion of each of Guaranteed Title Group and Group Mortgage. For AHS and APHW, the nature of the affiliated relationship is that The Platinum Group receives financial consideration in the form of administrative fees that are paid to The Platinum Group for providing data and performing related services with information about real estate transactions, including potentially your transaction. There is no common ownership between The Platinum Group and AHS or APHW. The Platinum Group and each of these affiliated companies are all separate, and an employee or agent of one company shall not be deemed an employee or agent of any other company.

Freedom to Choose Service Providers: We have referred you to consider these companies if you need any of these services, but you are NOT required to use any of these affiliated businesses. YOUR USE OF THE PLATINUM GROUP TO PROVIDE ANY REAL ESTATE BROKERAGE SERVICES DOES NOT REQUIRE THE USE OF ANY OF THE AFFILIATED BUSINESSES IDENTIFIED HERE. THERE ARE FREQUENTLY OTHER SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO COMPARE SERVICES AND RATES. IF YOU CHOOSE TO OBTAIN SERVICES FROM ANY OF THESE AFFILIATED BUSINESSES, THEN THE PLATINUM GROUP MAY RECEIVE A FINANCIAL OR OTHER BENEFIT AS A RESULT.

Acknowledgement

I/we have read this disclosure form, and understand that The Platinum Group is affiliated with the above-described settlement services, and that The Platinum Group or parties associated with The Platinum Group may receive a financial or other benefit as the result of this referral, if applicable.

*For purposes of this disclosure, “Recipient” refers to the individual(s) who received a referral to these affiliated businesses of The Platinum Group described in this Disclosure, whether as a prospective buyer/seller of real estate, etc.

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