- 23 - REAL ESTATE LAWS & CUSTOMS BY STATE ©2025 Fidelity National Title Insurance Company (08/25) MARYLAND Title Insurance Rates Filed Form of Conveyance Special Warranty Deed State Encumbrance Forms Deed of Trust; Mortgage (rare) Customary Closing Entity Residential: Title companies, law firms, sole practitioners Commercial: Title companies, law firms, sole practitioners, underwriter direct office Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? At closing unless requested earlier Deed Transfer Tax? Yes, State Transfer Tax (in certain jurisdictions, county/city (local) transfer taxes). Mortgage Tax? Yes, Recordation Tax Leasehold Tax? Yes, ground & commercial more than 7 years CUSTOMARY FEE SPLITS Owner’s Policy Premium Buyer pays Loan Policy Premium Buyer pays Title Search & Examination Buyer pays Survey Charges Buyer pays Deed Transfer Tax Split equally between Buyer and Seller. However, in transactions involving the sale of improved, residential real property to a first-time Maryland home buyer who will occupy the property as a principal residence, the entire amount of State transfer tax must be paid by the Seller. Additionally, the entire amount of local transfer tax must be paid by the Seller unless there is an express agreement between the parties that the local transfer tax will not be paid entirely by the Seller. Mortgage Tax Split equally between Buyer and Seller. However, in transactions involving the sale of improved, residential real property to a first-time Maryland home buyer who will occupy the property as a principal residence, the entire amount of recordation tax must be paid by the Seller unless there is an express agreement between the parties that the recordation tax will not be paid entirely by the Seller. Closing Fees Buyer pays; can be negotiated Recording Fees Buyer pays
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