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Real Estate

Laws & Customs By State

ALASKA

Title Insurance Rates

Filed

Form of Conveyance

Warranty Deed; Quitclaim Deed

State Encumbrance Forms

Deed of Trust; Mortgage

Customary Closing Entity

Title or escrow company; others

Commitment Issued? Duration?

Yes. 6 months.

When is Invoice Issued?

At closing

Deed Transfer Tax?

No

Mortgage Tax?

No

Leasehold Tax?

No

Customary Fee Splits

Owner’s Policy Premium

Seller pays. Sometimes negotiated

Loan Policy Premium

Buyer pays

Title Search & Examination

Included in premium

Survey Charges

Seller pays, sometimes negotiated

Deed Transfer Tax

Not applicable

Mortgage Tax

Not applicable

Closing Fees

Negotiable; usually divided equally

Recording Fees

Negotiable; usually divided equally