- 12 - REAL ESTATE LAWS & CUSTOMS BY STATE ©2025 Fidelity National Title Insurance Company (08/25) FLORIDA Title Insurance Rates Promulgated Rate by Florida Office of Insurance Regulation Form of Conveyance Warrant Deed (preferred); Special Warranty Deed State Encumbrance Forms Mortgage Customary Closing Entity Attorney; title company Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment or at closing Deed Transfer Tax? Yes, Documentary Tax (Miami-Dade County imposes surtax) Mortgage Tax? Yes, Documentary Tax and Intangible Tax Leasehold Tax? No, unless assignment of lease for consideration CUSTOMARY FEE SPLITS Owner’s Policy Premium Commercial: negotiable Residential: Seller pays but Buyer pays in some counties Loan Policy Premium Buyer pays Title Search & Examination Seller pays; can be negotiated Survey Charges Buyer pays; can be negotiated Deed Transfer Tax Seller pays Mortgage Tax Who pays is generally negotiable, but customary in Miami-Dade, Broward, and Sarasota counties for the Buyer to pay. Closing Fees Seller pays unless otherwise indicated in contract Recording Fees Buyer pays to record Mortgage Seller pays to record Deed
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