Real Estate Laws & Customs - Chicago Title

Page 13 REAL ESTATE LAWS & CUSTOMS BY STATE GEORGIA Title Insurance Rates Filed Form of Conveyance Warranty Deed; Limited Warranty Deed; Quitclaim Deed State Encumbrance Forms Security Deed (aka, Deed to Secure Debt) Customary Closing Entity Attorney (also escrow agent if commercial) Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? Yes, Real Estate Transfer Tax Mortgage Tax? Yes, Intangible Record Tax Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Negotiable Loan Policy Premium Buyer pays Title Search & Examination Buyer pays Survey Charges Buyer pays Deed Transfer Tax Commercial: Negotiable Residential: Buyer Mortgage Tax Buyer pays Closing Fees Negotiable Recording Fees Buyer pays