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

- 6 - REAL ESTATE LAWS & CUSTOMS BY STATE ARKANSAS Title Insurance Rates Not filed Form of Conveyance Warranty Deed State Encumbrance Forms Mortgage (preferred); Deed of Trust Customary Closing Entity Title or abstract company; attorney Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? Yes, Deed Transfer Tax Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Seller pays Loan Policy Premium Buyer pays Title Search & Examination Negotiable Survey Charges Negotiable Deed Transfer Tax Divided equally (unless agreed upon otherwise) Mortgage Tax Not applicable Closing Fees Divided equally between Buyer and Seller Recording Fees Buyer pays