Escrow & Title
Transfer taxes in Arkansas on the sale of real property are:
APaid by the buyer only
BReal property transfer taxes (documentary stamps) based on the sale price✓ Correct
CCalculated as a percentage of the loan amount
DNot required in Arkansas
Explanation
Arkansas imposes a real property transfer tax (Real Property Transfer Tax, Arkansas Code §26-60-101) based on the consideration paid for the property. The tax is typically paid by the seller at closing.
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