- 48 - REAL ESTATE LAWS & CUSTOMS BY STATE ©2025 Fidelity National Title Insurance Company (08/25) VERMONT Title Insurance Rates Filed up to $2 million. Form of Conveyance Warranty Deed; Quitclaim Deed; Fiduciary’s Deed with a license to sell; Certification of Trust State Encumbrance Forms Mortgage Deed Customary Closing Entity Attorney; paralegal (under direct supervision of attorney in ministerial manner) Commitment Issued? Duration? Almost always. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? Yes, Property Transfer Tax Mortgage Tax? No Leasehold Tax? Yes, if for a period of at least 50 years; or if the lessee has a purchase option and the right to construct a building or structure, or to make major capital improvements, such as water systems, sewer systems, roads or parking facilities. 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 Buyer pays; sometimes negotiated Mortgage Tax Not applicable Closing Fees Negotiable Recording Fees Buyer pays to record Deed, and Seller pays to record title clearance documents such as Mortgage and Lien Release. Also negotiable (rare).
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