Escrow & Title
Which party typically pays for the owner's title insurance policy in most Arkansas transactions?
AThe buyer
BThe seller✓ Correct
CThe lender
DSplit equally between buyer and seller
Explanation
In Arkansas, it is customary (though negotiable) for the seller to pay for the owner's title insurance policy. The buyer typically pays for the lender's title insurance policy required by their mortgage lender.
Related Arkansas Escrow & Title Questions
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