Page 45 - 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 SOUTH DAKOTA

Title Insurance Rates SOUTH DAKOTA
Filed

Form of Conveyance SOUTH DAKOTA
Warranty Deed; Quitclaim Deed

State Encumbrance Forms SOUTH DAKOTA
Mortgage

Customary Closing Entity SOUTH DAKOTA
Title Company; Attorney

Commitment Issued? Duration? SOUTH DAKOTA
Yes; 6 Months

When Is Invoice Issued? SOUTH DAKOTA
With Commitment

Deed Transfer Tax? SOUTH DAKOTA
Yes; Real Estate Transfer Tax

Mortgage Tax? SOUTH DAKOTA
No

Leasehold Tax? SOUTH DAKOTA
No

Remote Online Notarization (RON) Status SOUTH DAKOTA
In Effect
CUSTOMARY SPLITS

Owner’s Policy Premium SOUTH DAKOTA
Negotiable

Loan Policy Premium SOUTH DAKOTA
Buyer Pays

Title Search and Exam Fees SOUTH DAKOTA
Buyer Pays; Or Included in Premium

Survey Charges SOUTH DAKOTA
Buyer Pays; Sometimes Negotiated

Deed Transfer Tax SOUTH DAKOTA
Seller Pays

Mortgage Tax SOUTH DAKOTA
Not Applicable

Closing Fees SOUTH DAKOTA
Negotiable

Recording Fees SOUTH DAKOTA
Buyer Pays to Record New Mortgage
Seller Pays to Record Deed and Documents to Release Encumbrances

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 45

oldrepublictitle.com/ncs Updated 07/2023