Escrow & Title
In a Florida closing, who typically pays for the owner's title insurance policy?
AAlways the buyer
BAlways the seller
CThe party designated in the contract, which varies by county custom✓ Correct
DThe lender as part of the loan origination fee
Explanation
In Florida, who pays for the owner's title insurance policy depends on the contract and local county custom. In many South Florida counties (Miami-Dade, Broward, Palm Beach), the buyer pays. In other areas, the seller traditionally pays.
Related Florida Escrow & Title Questions
- In Florida, a 'mortgage release' (satisfaction of mortgage) must be issued by the lender within how many days of loan payoff?
- Under Florida's recording statute, recording a deed in the public records provides:
- A 'title opinion' issued by a Florida attorney differs from title insurance in that:
- In Florida, a 'lis pendens' recorded against a property notifies the public that:
- In Florida, a 'warranty deed' provides which guarantee from the seller to the buyer?
- Florida's 'Homestead' protection also means that a homestead property cannot be devised (left by will) to anyone other than the owner's surviving spouse or minor children when:
- In Florida, a 'deed in lieu of foreclosure' occurs when:
- Which of the following liens would take priority over a first mortgage in Florida if not satisfied at closing?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →