Escrow & Title
In Arizona, the seller typically pays which of the following closing costs?
ALender's title insurance premium
BOwner's title insurance premium and real estate commission✓ Correct
CBuyer's loan origination fee
DBuyer's appraisal fee
Explanation
In Arizona, it is customary for the seller to pay the owner's title insurance premium and the real estate commission. Buyers typically pay for the lender's policy and their loan-related costs, though these costs are negotiable.
Related Arizona Escrow & Title Questions
- A preliminary title report in Arizona discloses:
- Recording a deed with the county recorder in Arizona provides:
- In Arizona, escrow is typically handled by:
- The Foreign Investment in Real Property Tax Act (FIRPTA) in Arizona affects closings when:
- In Arizona, escrow instructions are:
- After an Arizona trustee's sale (non-judicial foreclosure), the former owner (trustor) has:
- An Affidavit of Value in Arizona is required to be filed with:
- A title insurance policy that protects the lender against losses from title defects is called a:
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