Real Estate Laws & Customs By State - Fidelity National Title Insurance Company

- 19 - REAL ESTATE LAWS & CUSTOMS BY STATE KANSAS Title Insurance Rates Filed Form of Conveyance Warranty Deed; Special Warranty Deed; Trustee’s Deed State Encumbrance Forms Mortgage Customary Closing Entity Title or escrow company; others Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment or at closing Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Generally, Seller pays, but varies by location, and contract, if any, controls. Loan Policy Premium Generally, Buyer/Borrower pays, but varies by location, and contract, if any, controls. Title Search & Examination Varies by location, and contract, if any, controls Survey Charges Seller pays; sometimes Buyer obtains survey or cost divided equally Deed Transfer Tax Not applicable Mortgage Tax No applicable Closing Fees Generally, Seller pays seller closing fees and Buyer/Borrower pays buyer/ borrower closing fees, but varies by location, and contract, if any, controls. Recording Fees Buyer pays to record Deed and Mortgage Seller pays to record documents to remove encumbrances