Escrow & TitleIntermediateDelaware Exam
What is the total Delaware state realty transfer tax rate on a real estate sale?
A1%
B2%
C3%Correct
D4%
Why 3% Is Correct
Answer C: 3%
Delaware imposes a state realty transfer tax of 3% of the purchase price, typically split equally (1.5% each) between buyer and seller, in addition to any county or local transfer taxes.
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
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