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Real Estate

Laws & Customs By State


Title Insurance Rates


Form of Conveyance

Grant Deed

State Encumbrance Forms

Deed of Trust

Customary Closing Entity

Title or escrow company; others

Commitment Issued? Duration?

Upon request; 180 days

When is Invoice Issued?

When policy issues

Deed Transfer Tax?

Yes. Documentary Transfer Tax; some local municipalities

Mortgage Tax?


Leasehold Tax?

Yes, if more than 35 years (including renewal options)

Customary Fee Splits

Owner’s Policy Premium

Varies by county

Loan Policy Premium

Buyer pays

Title Search & Examination

Included in premium

Survey Charges

Buyer pays, sometimes negotiated

Deed Transfer Tax

Seller pays. Varies for city taxes.

Mortgage Tax

Not applicable

Closing Fees

Varies by county; usually Buyer/Seller split

Recording Fees

Buyer pays to record deed & mortgage; Seller pays to record

documents and remove encumbrances