Page 7 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 7

State Locations

                                                                                                 A STATE- BY- STATE GUIDE
        R E A L         E S T A T E           L A W S          &      C U S T O M S                    ARKANSAS
        Title Insurance Rates   ARKANSAS
            Rates Are Not Formally Filed

       Form of Conveyance   ARKANSAS
            Warranty Deed

       State Encumbrance Forms   ARKANSAS
            Deed of Trust (Preferred); Mortgage
       Customary Closing Entity       ARKANSAS
            Title or Abstract Company; Others

       Commitment Issued? Duration?          ARKANSAS
            Yes; 6 Months
       When Is Invoice Issued?      ARKANSAS
            With Commitment
       Deed Transfer Tax?   ARKANSAS
            Yes; Deed Transfer Tax

       Mortgage Tax?   ARKANSAS
            No

       Leasehold Tax?   ARKANSAS
            No

       Remote Online Notarization (RON) Status   ARKANSAS
            In Effect

        CUSTOMARY SPLITS
       Owner's Policy Premium   ARKANSAS
            Seller Pays


       Loan Policy Premium   ARKANSAS
            Buyer Pays


       Title Search and Exam Fees   ARKANSAS
            Negotiable


       Survey Charges   ARKANSAS
            Negotiable


       Deed Transfer Tax   ARKANSAS
            Divided Equally (Unless Agreed Upon Otherwise)


       Mortgage Tax   ARKANSAS
            Not Applicable


       Closing Fees   ARKANSAS
            Divided Equally


       Recording Fees   ARKANSAS
            Buyer Pays



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