- 36 - REAL ESTATE LAWS & CUSTOMS BY STATE ©2025 Fidelity National Title Insurance Company (08/25) NORTH CAROLINA Title Insurance Rates Filed Form of Conveyance Commercial: Special Warranty Deed Residential: General Warranty Deed (typically) Title Cure Only: Non-Warranty Deed State Encumbrance Forms Deed of Trust; Mortgage (rare) Customary Closing Entity Attorney Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? Yes, Excise Tax (and additional Transfer Tax in some counties) Mortgage Tax? No Leasehold Tax? No, except Currituck and Dare counties CUSTOMARY FEE SPLITS Owner’s Policy Premium Buyer pays Loan Policy Premium Buyer pays Title Search & Examination Buyer pays, though parties can negotiate and agree otherwise. Survey Charges Buyer pays; sometimes negotiated Deed Transfer Tax Seller pays Mortgage Tax Not applicable Closing Fees Negotiable Recording Fees Buyer pays to record Deed and Deed of Trust. Seller pays excise and transfer taxes and to record documents that remove encumbrances.
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