Real Estate Laws & Customs - Chicago Title

Page 15 REAL ESTATE LAWS & CUSTOMS BY STATE IDAHO Title Insurance Rates Filed Form of Conveyance Warranty Deed; Corporate Deed; Quitclaim Deed (on occasion) State Encumbrance Forms Deed of Trust; Mortgage (over 40 acres) Customary Closing Entity Title or escrow company; attorney; others Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? Varies by office Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Seller pays Loan Policy Premium Buyer pays Title Search & Examination Included in premium Survey Charges Negotiable Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Divided equally Recording Fees Negotiable; usually Buyer pays to record Deed of Trust and Mortgage and Seller pays to record Deed