Contracts
In North Dakota, which party typically pays for the title insurance in a standard residential transaction?
AAlways the buyer
BAlways the seller
CNegotiable; local custom varies—often the seller pays for the owner's policy and the buyer pays for the lender's policy✓ Correct
DThe title company pays for it as part of their fee
Explanation
In North Dakota, who pays for title insurance is negotiable and varies by market. Common practice may have the seller provide the owner's policy as part of a clean title at closing, while the buyer pays for the lender's policy required by their mortgage.
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