Real Estate Laws & Customs - Chicago Title

Page 4 REAL ESTATE LAWS & CUSTOMS BY STATE ALASKA Title Insurance Rates Filed Form of Conveyance Warranty Deed State Encumbrance Forms Deed of Trust; Mortgage (rare) Customary Closing Entity Title company, approved attorney, bank 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; sometimes negotiated Loan Policy Premium Buyer pays Title Search & Examination Included in premium Survey Charges Seller pays; sometimes negotiated Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Negotiable; usually divided equally Recording Fees Negotiable; usually divided equally