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

- 5 - REAL ESTATE LAWS & CUSTOMS BY STATE ARIZONA Title Insurance Rates Filed Form of Conveyance Warranty Deed; Special Warranty Deed; Quitclaim Deed State Encumbrance Forms Deed of Trust; Mortgage Customary Closing Entity Title or escrow company; others Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? When policy issues Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Seller pays; Buyer pays difference if Extended Coverage Policy required Loan Policy Premium Buyer pays Title Search & Examination Included in premium Survey Charges Buyer pays unless contract specifies otherwise Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Divided equally between Buyer and Seller Recording Fees Buyer pays to record Deed and Mortgage Seller pays to record documents to remove encumbrances