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First American Title National Commercial ServicesCustomary Standard Fee SplitsStateAlabamaOwner’s PolicyLoan PolicyNegotiable, usually SellerSearch: Exam, Attorney,Abstract FeesArizonaArkansasGeorgiaHawaiiCustomarily SplitDivided EquallyNegotiable, usually BuyerVaries by CountySeller pays recording fees ondocuments needed to clear titleNegotiableThere is no regulation regarding who typically pays premium however, customarily,seller pays in Florida with the exception of Miami-Dade, Broward and Palm Beachcounties. Orange County was once typically seller but we are now seeing thatcounty as negotiableNegotiable, usually SellerNegotiableNegotiableCommerical - negotiableTypical residential split Buyer 40% and Seller 60%Included in premium unless extra chain chargesor a long/historical searchIdahoNegotiable, usually Buyer pays for extended coverage portion of premiumIllinoisNegotiable, usually SellerIndianaNegotiable, usually SellerSeller pays for standard coverage of iableLouisianaNegotiable, usually BuyerNegotiable, usually BuyerNegotiable, usually BuyerNegotiable, usually BuyerSeller pays County taxCity tax variesNegotiable, usually BuyerNegotiableDivided er pays Recordation TaxSeller pays Transfer TaxNegotiable, usually SellerNegotiableNegotiableDivided EquallyIncluded in premiumN/ANegotiable, usuallyDivided EquallyBuyer pays loan policy chargesLocal transfer tax determined by municipal ordinanceSeller pays any abstract charges – fees varySeller pays State and CountyMay be charged as Additional FeesN/ADivided EquallyNegotiable, usuallyDivided EquallyMinnesotaNegotiable, usually BuyerMississippiNegotiable, usually BuyerVaries by County - NegotiableNegotiable, usually BuyerBuyer pays for recording Deed & Mortgage documentsSeller pays for recording of releasesBuyer pays for per page cost of deed recordingSeller pays transfer taxVariesBuyer pays for Deed of Trust or MortgageSeller pays to record conveyance Deed and release docsBuyer pays for recording Deed and Mortgage docsSeller pays for recording of releasesNegotiable, usually Buyer pays for instrumentsof conveyance and financingSeller pays for instruments to clear titleBuyer pays post-closing chargesBuyer pays post-closing chargesBuyer pays all other recording feesSeller pays pre-closing and abstract chargesSeller pays pre-closing exam and abstractingSeller pays for recording release of encumbrancesN/ANegotiable, Divided Equally ifpurchase contract silentBuyer pays for recording of DeedVariesGenerally Buyer paysbut negotiableNegotiable, usually BuyerNegotiable, usually BuyerNegotiable, usually Divided EquallyBuyer pays all other recording feesSeller pays release of encumbrancesBuyer pays recording feesSeller pays release recording feesNegotiable, usually BuyerNegotiableMichiganSeller pays for recording docs to remove encumbrancesDivided EquallyDivided EquallyNegotiable, usually BuyerDivided EquallyBuyer pays to record Deed & MortgageAll deeds must be accompanied by a ConveyanceTax Return even if transfer is exemptMassachusettsMissouriDivided EquallyNegotiable, usually SellerMaineMarylandNegotiableDivided EquallyDelawareFloridaNegotiableIncluded in premiumConnecticutNegotiableRecording/Filing FeesN/AIncluded in premium for most counties exceptfor multi-chains of title or special services.Third-party vendor charges may also apply.NegotiableEscrow FeesN/A Affidavit of Real Property Value must besubmitted with deed for recording. Seller paysfor filingIncluded in premiumVariesSellerIncluded in premiumNegotiable, usually SellerColoradoDistrict ofColumbiaTransfer TaxesNegotiableAlaskaCaliforniaBuyerNegotiable, usually paid by SellerNegotiable. Divided Equally unlessotherwise negotiatedNegotiable, usually paid by SellerNegotiable, usuallyshared by partiesNegotiable, usually BuyerBuyer pays recording feesSeller pays release recording feesBuyer pays for recording of DeedBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesNegotiable, usually BuyerN/ANegotiableNegotiable, usually Buyer forrecording fees Seller pays for removingencumbrancesVaries by County - NegotiableN/ANegotiableVaries by County - Negotiable,normally BuyerUCC Status: Nearly all states are authorized for UCC Insurance.UCC Designation: Property & Casualty States: Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Idaho, Indiana, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee.Title Insurance States: Alaska, California, Delaware, District of Columbia, Florida, Hawaii, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Montana, Nevada, New York, North Dakota, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.Source for eClosing RON status: https://www.firstam.com/title/eclosing/

First American Title National Commercial ServicesReal Estate Customs by StateYesPreliminary Reportor CommitmentTitle Insurance RatesForm of ConveyanceState Encumbrance FormsMontanaFiled RateCustomary (non-statutory) forms are WarrantyDeed and Quitclaim DeedLand Sales ContractDeed of TrustMortgage (not to exceed 40 acres)Commitment OnlyNebraskaFiled RateWarranty DeedDeed of TrustMortgageCommitment Only 2.25 per thousand: Documentary Stamp ActReal Estate Transfer Statement filed with DeedNevadaFiled RateGrant DeedBargain and Sale DeedQuitclaim DeedDeed of TrustCommitment OnlyReal Property Transfer TaxFiled Rate up to 1 millionWarranty DeedQuitclaim DeedMortgageCommitment OnlyReal Property Transfer TaxNew JerseyFiled RateBargain and Sale DeedMortgageCommitment OnlyRealty Transfer Fee and Mansion TaxNew MexicoPromulgated Rate byState Insurance DepartmentWarranty DeedNew Mexico Real Estate ContractDeed of TrustMortgageCommitment OnlyNew YorkFiled RateWarranty Deed (Zone 1)Bargain and Sale Deed (Zone 2)MortgageCertificate of TitleN.Y. State Transfer Tax. Local Transfer Taxdepends on location of propertyNorth CarolinaFiled RateWarranty DeedDeed of TrustCommitment OnlyExcise tax on conveyances(plus additional transfer tax insome coastal counties)North DakotaFiled RateWarranty DeedMortgageCommitment OnlyNo tax required, but deed must be recordedwith a Statement of Full ConsiderationOhioFiled RateWarranty DeedQuitclaim DeedLimited Warranty DeedMortgageCommitment OnlyAmount varies by County from 1 - 4/ 1000. 0.50 per parcel transfer taxOklahomaNot FiledWarranty DeedMortgageCommitment OnlyDocumentary Stamp TaxOregonFiled RateStatutory: Warranty Deed, Special Warranty Deed,Bargain and Sale Deed and Quitclaim Deed (rare)Deed of TrustMortgage (rare)Preliminary Report;Commitment upon requestReal Property Transfer Taxassessed in Washington County onlyFiled Rate through the Title Insurance RatingBureau of Pennsylvania (TIRBOP)Special Warranty DeedMortgageCommitment OnlyRealty Transfer TaxFiled to 2MMWarranty DeedQuitclaim DeedBargain and Sale DeedMortgageCommitment OnlyReal Estate Conveyance TaxFiled RateWarranty DeedMortgageStateNew HampshirePennsylvaniaRhode IslandSouth CarolinaAttorney StateNoVaries per locationAbstracts and Attorneys’ opinions are requiredo issue any title insurance commitmentAbstracts and Attorneys’ opinions are requiredto issue any title insurance policyYesDeed Transfer TaxCommitment OnlyDocumentary Stamp TaxFiled RateWarranty DeedMortgageCommitment OnlyCertificate of Real Estate Value must befiled with deed. Transfer tax is .50/ 500.00or fraction thereofFiled RateWarranty DeedQuitclaim DeedSpecial Warranty DeedDeed of TrustMortgage (rare)Commitment OnlyWarranty Deed: tax on greater of consideration paid orproperty value Quitclaim Deed: tax on consideration paidPromulgated Rate byState Insurance DepartmentWarranty DeedSpecial Warranty DeedDeed of TrustMortgage (rare)Commitment OnlyFiled RateWarranty DeedDeed of TrustMortgageCommitment OnlyFiled Rate up to 1 millionWarranty DeedQuitclaim DeedFiduciary DeedMortgageCommitment OnlyProperty Transfer Tax—Declaration requiredNot FiledWarranty DeedSpecial Warranty DeedDeed of TrustCommitment OnlyRecordation Tax and Grantor Tax. Localrecording taxes as authorized by the StateFiled Rate(Subject to State sales tax)Statutory Warranty Deed,Bargain and Sale DeedDeed of TrustMortgageCommitment OnlyReal Estate Excise Tax based on graduated percentagesof selling price, and Local Excise Tax percentageof selling priceWest VirginiaFiled RateWarranty DeedDeed of TrustCommitment OnlyTransfer Tax and Non ResidentWithholding TaxWisconsinFiled RateWarranty DeedMortgageSouth yomingFiled RateWarranty DeedMortgagePolicy must be signed by a licensed abstractorfor a fee in county where property is locatedDeeds must be prepared by anon-title company attorneyAttorney must certify title, prepare Deeds andDeeds of Trust and conduct settlementCommitment OnlyReal Estate Transfer TaxCommitment OnlyStatement of Consideration mustbe completed to record a DeedUCC Status: Nearly all states are authorized for UCC Insurance.UCC Designation: Property & Casualty States: Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Idaho, Indiana, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee.Title Insurance States: Alaska, California, Delaware, District of Columbia, Florida, Hawaii, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Montana, Nevada, New York, North Dakota, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.Source for eClosing RON status: https://www.firstam.com/title/eclosing/

First American Title National Commercial ServicesReal Estate Customs by StateStateMortgage TaxYesUCC DesignationUCC StatuseClosing: RON statusTitleAuthorizedLaw PassedP&CAuthorizedLaw PassedTitleAuthorizedLaw PassedUnless duration is tantamountto a conveyance, e.g., 99 yearsP&CAuthorizedNo LegislationNot applicable if lease is less than 99 yearsincluding renewalsP&CAuthorizedLegislation PendingP&CAuthorizedLegislation proposed,not passedN.Y. State Transfer TaxTitleAuthorizedLegislation PendingOnly in Currituckand Dare CountyP&CAuthorizedNo LegislationTitleAuthorizedLaw PassedP&CAuthorizedLaw PassedTitleAuthorizedLaw PassedP&CPendingNo LegislationP&CAuthorizedLaw passedTitleAuthorizedNo LegislationLeasehold TaxMontanaNebraskaN/AN/ANevadaNew HampshireNew JerseyNew MexicoNew YorkVaries by CountyNorth CarolinaNorth DakotaNone, except for leaseholds,which are renewable foreverOhioOklahomaBuyer usually paysOregonPennsylvaniaNoNoPossible Tax - consult withlocal officeRhode IslandSouth CarolinaNoP&CAuthorizedLegislation PendingSouth DakotaNoTitleAuthorizedNo legislationTennesseeP&CAuthorizedNo legislation (RIN available)TexasTitleAuthorizedLaw PassedUtahTitleAuthorizedLaw PassedUnless lease is 50 years or moreTitleAuthorizedLaw PassedState, City, and County may applyTitleAuthorizedLaw PassedTitleAuthorizedLaw PassedReal Estate Excise Tax applies to value of anyimprovements transferred.TitleAuthorizedNo LegislationUnless lease is 99 years or moreTitleAuthorizedLaw PassedN/ATitleAuthorizedNo LegislationVermontVirginiaState, City, and County may applyWashingtonWest VirginiaNoneWisconsinWyomingN/AUCC Status: Nearly all states are authorized for UCC Insurance.UCC Designation: Property & Casualty States: Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Idaho, Indiana, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee.Title Insurance States: Alaska, California, Delaware, District of Columbia, Florida, Hawaii, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Montana, Nevada, New York, North Dakota, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.Source for eClosing RON status: https://www.firstam.com/title/eclosing/

First American Title National Commercial ServicesCustomary Standard Fee SplitsStateOwner’s PolicyLoan PolicyBuyerSearch: Exam, Attorney,Abstract FeesTransfer TaxesEscrow FeesRecording/Filing FeesIncluded in premiumN/ANegotiable, usuallyDivided EquallyBuyer: Realty Transfer Certificate must becompleted to record a DeedMontanaNegotiable, usually Buyer pays for extended coverageportion of premium. Seller pays for standard coverageof premiumNebraskaDivided EquallyNegotiableSeller pays; 2.25 per thousandDivided EquallySeller pays standard coverage portion buyerpays additional for extendedIncluded in premiumSeller pays but can be negotiatedDivided EquallyNevadaNegotiable, usually buyerNew HampshireTypically Buyer pays Mansion TaxSeller pays Realty Transfer FeeNegotiable. Typically Seller pays standardcoverage portion and Buyer pays additionalfor extended.Negotiable. Typically, Buyer pays forloan policy/endorsementsNew BorrowerParties pay their own attorneysfor doc preparation fees. Seller pays Deed;Buyer pays MortgageFully Negotiated (Zone 1)Payable by Seller except for the additional(“Mansion”) tax, which if applicable, ispayable by BuyerN/ASeller pays for recording docs to remove encumbrancesBuyer pays for extended coverage portion of premiumSeller pays for standard coverage premiumBuyer to pay for both their ownerspolicy and the lender’s loan policy.Seller pays for abstract onlyN/ANegotiableNegotiable, usuallyDivided EquallyNegotiableBuyer to pay for both their ownerspolicy and the lender’s loan policy.Attorneys’ opinions vary by local practice;abstract fees are various rates filed byeach abstract companyNegotiableNegotiableIncluded in premiumOnly in Washington County —Negotiable, but customarily divided equallyDivided EquallyIncluded in premiumDivided EquallyIncluded in premiumTexasUtahSearch, etc. are NOT included in premium,fees established by attorney-agentSplit is required only when licensedabstractor must signSplit is required only when licensedabstractor must signNegotiableBuyer pays for endorsementsVaries by CountyNegotiable except in those counties where searchand exam fees are included in the premiumNegotiableIncluded in premium; may beadditional “Special Project” chargeNegotiable, usually SellerWashingtonWest VirginiaBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesBuyer pays to record MortgageSeller pays recording for any docsto convey or disencumber the propertyBuyer pays to record Deed & MortgageSeller pays to record release documentsN/ANegotiableN/AVaries by transaction. Usually split equally,but the rates are not promulgated.Value may be required;Buyer pays to record Deed & MortgageSeller pays to record release documentsBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesBuyer pays to record Deed & Deed of TrustSeller pays for recording releasesBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesBuyer pays to record Deed & MortgageSeller pays to record docs to remove encumbrancesNegotiable — Closing normally handled byattorney performing the title examinationNegotiable, usually BuyerNegotiable, usually BuyerNegotiable, usually BuyerBuyer normally pays State & Local TaxesSeller pays Grantor’s TaxNegotiableNegotiable, usually Buyer pays for extended coverageportion of premium.Seller pays for standard coverage of premiumIncluded in premiumSeller pays Real Estate Excise TaxDivided EquallyNegotiable, usually BuyerBuyer; Exam fees not included in premium;fees established byexamining attorneyTypically paid by SellerNegotiable. Typically paid by BuyerNegotiable, usually BuyerNegotiableWisconsinWyomingNegotiableVaries by CountyIncluded in premiumSeller pays base premium 3.70/ 1000VermontVirginiaBuyer pays to record all other documentsSeller pays to record Deed andrelease of any encumbrancesSeller pays for recording docs to remove encumbrancesSouth CarolinaTennesseeBuyer pays to record Deed & MortgageBuyer pays to record Deed, Mortgage & AssignmentRhode IslandSouth DakotaBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesNegotiable - customarilyDivided EquallyNegotiableOhioOregonSeller pays release recording feesN/AIncluded in Premium (Zone 2)Negotiable, usually BuyerBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesIncluded in premiumNorth CarolinaNorth DakotaBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesBuyer pays recording feesDivided EquallyNew JerseyNew MexicoSellerNegotiable, usually SellerNegotiable, usually BuyerIncluded in premiumDivided EquallyN/ANegotiable, usuallyDivided EquallyBuyer pays to record Deed & MortgageSeller pays to record docs to remove encumbrancesTypically paid by BuyerBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesBuyer pays to record Deed & MortgageSeller pays for recording docs to remove encumbrancesUCC Status: Nearly all states are authorized for UCC Insurance.UCC Designation: Property & Casualty States: Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Idaho, Indiana, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee.Title Insurance States: Alaska, California, Delaware, District of Columbia, Florida, Hawaii, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Montana, Nevada, New York, North Dakota, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.Source for eClosing RON status: 021

Information atyour fingertipsAt First American Title National CommercialServices, we want to make your job easier.That’s why we created this helpful state-bystate guide.Containing valuable information, this guideprovides a detailed look at local customsthroughout the nation.If you need more information, please reachout to your local First American Title NationalCommercial Services representative.The content of this brochure is for informational purposes only and isnot and may not be construed as legal advice. First American FinancialCorporation is not a law firm and does not offer legal services ofany kind. No third party entity may rely upon anything containedherein when making legal and/or other determinations regarding titlepractices. You should consult with an attorney prior to embarking uponany specific course of action.First American Title Insurance Company, and the operating divisionsthereof, make no representation as to the accuracy or completenessof the information contained in this guide; and First American TitleInsurance Company, and the operating divisions thereof, make noexpress or implied warranty respecting the information presentedand assume no responsibility for errors or omissions. First American,the eagle logo, First American Title, and firstam.com are registeredtrademarks or trademarks of First American Financial Corporation and/or its affiliates. 2021 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF

First American Title National Commercial Services Real Estate Customs by State Mortgage Tax Counties vary; may haveDocument Stamp, Recording Tax and County Transfer Tax Yes any applicable exemptions Both Documentary Stamp Tax & No: Unless there is a determinable consideration other Non-Recurring Intangible Tax Intangible Recording Tax