Page 13 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

State Locations

A STATE - BY - STATE GUIDE
REAL ESTATE LAWS AND CUSTOMS FLORIDA

Title Insurance Rates FLORIDA
Promulgated Rate by Florida Department of Financial Services

Form of Conveyance FLORIDA
Warranty Deed; Special Warranty Deed; Quitclaim Deed; Trustee Deed;
Personal Representative’s Deed; Leasehold

State Encumbrance Forms FLORIDA
Mortgage

Customary Closing Entity FLORIDA
Attorney; Title Company; Lender

Commitment Issued? Duration? FLORIDA
Yes; 6 Months

When Is Invoice Issued? FLORIDA
With Commitment

Deed Transfer Tax? FLORIDA
Yes; Documentary Tax (Dade County has Surtax)

Mortgage Tax? FLORIDA
Yes; Documentary Tax; Intangible Tax

Leasehold Tax? FLORIDA
Yes

Remote Online Notarization (RON) Status FLORIDA
In Effect
CUSTOMARY SPLITS

Owner’s Policy Premium FLORIDA
Varies by County

Loan Policy Premium FLORIDA
Buyer Pays

Title Search and Exam Fees FLORIDA
Seller Pays

Survey Charges FLORIDA
Buyer Pays; Can be Negotiated

Deed Transfer Tax FLORIDA
Seller Pays

Mortgage Tax FLORIDA
Buyer Pays

Closing Fees FLORIDA
Negotiable

Recording Fees FLORIDA
Buyer Pays to Record Deed and Mortgage
Seller Pays to Record Documents to Remove Encumbrances

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 13

oldrepublictitle.com/ncs Updated 07/2023