Real Estate Laws & Customs - Chicago Title

Page 8 REAL ESTATE LAWS & CUSTOMS BY STATE COLORADO Title Insurance Rates Filed Form of Conveyance Warranty Deed; Special Warranty Deed State Encumbrance Forms Deed of Trust; Mortgage Customary Closing Entity Title or escrow company; others Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With commitment Deed Transfer Tax? Yes, Documentary Transfer Tax Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Seller pays, negotiable by contract Loan Policy Premium Buyer pays, negotiable by contract Title Search & Examination Included in premium Survey Charges Negotiable Deed Transfer Tax Buyer pays, negotiable by contract Mortgage Tax Not applicable Closing Fees Divided equally or by contract Recording Fees Buyer pays, negotiable by contract