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The above named title company participates in the
COLORADO ASSOCIATION OF REALTORS® HOUSING
OPPORTUNITY FOUNDATION by agreeing to maintain an
interest bearing broker trust account for the
benefit of the Foundation. All distributable
interest on said account shall be paid to:
HOUSING OPPORTUNITY FOUNDATION
Colorado Association of REALTORS®
309 Inverness Way South
Englewood, Colorado 80112
The tax identification number for
the HOUSING OPPORTUNITY FOUNDATION is 84-1152732,
and should be used on all participating accounts. It
is understood by the participating title company and
financial institution that the Foundation is the
beneficiary of the earned interest only, and that
all principal sums on deposit in this account remain
the property of those parties to the real estate
transaction for which the funds are placed in trust.
The Foundation shall be identified on the account
title as the beneficiary of earned interest only.
This agreement may be terminated by the
participating title company at any time, with 30
days written notice to the Foundation. The
allocation and disbursement of all earned interest
shall be at the sole discretion of the
Foundation’s Board of Directors.
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