- 49 - REAL ESTATE LAWS & CUSTOMS BY STATE ©2025 Fidelity National Title Insurance Company (08/25) VIRGINIA Title Insurance Rates Not filed, but are required to be published and must be used unless direct negotiation with proposed insured. Form of Conveyance General Warranty Deed; Special Warranty Deed State Encumbrance Forms Deed of Trust Customary Closing Entity Attorney, title company, title insurance agent, or bank. All non-attorney settlement agents must be RESA registered; all attorneys handling 1–4 family residential settlement must be RESA registered. Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? Yes, state/local Grantee Tax; Grantor Tax Mortgage Tax? Yes, state/local Grantor Tax Leasehold Tax? Yes, state, city, county taxes may apply CUSTOMARY FEE SPLITS Owner’s Policy Premium Buyer pays; can be negotiated Loan Policy Premium Buyer pays; can be negotiated Title Search & Examination Buyer pays; can be negotiated Survey Charges Buyer pays; sometimes negotiated Deed Transfer Tax Buyer: state/local Grantee Tax; Seller: Grantor Tax Mortgage Tax Buyer pays Closing Fees Negotiable, usually split: Seller pays for deed preparation, anything necessary to clear title, grantor’s tax; Buyer pays for everything else. Recording Fees Buyer pays clerk’s fees Seller pays fees to release prior liens of record
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