Escrow & Title
A Maryland buyer's lender requires a lender's title insurance policy. Who typically pays for this?
AThe seller always pays
BThe buyer/borrower pays✓ Correct
CThe title company pays
DThe Maryland state government pays
Explanation
In Maryland, the buyer/borrower typically pays for the lender's title insurance policy, which protects only the lender. A separate owner's policy protects the buyer.
Related Maryland Escrow & Title Questions
- Maryland's state transfer tax rate on the sale of real property is:
- A chain of title in Maryland refers to:
- Maryland is considered an 'attorney state' for real estate closings, meaning:
- In a Maryland residential transaction, a buyer's earnest money deposit must be held in:
- In Maryland, a seller's failure to transfer title that is free of material encumbrances at settlement may allow the buyer to:
- In Maryland, when the seller at settlement signs the deed, the deed must be:
- Title insurance in Maryland protects against:
- Actual (actual notice) in real estate means:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →