Escrow & Title
In South Carolina, deed stamps (recording fee) are paid at the rate of $1.85 per $500 of consideration. On a $300,000 home sale, how much are the total deed stamps?
A$555
B$1,110✓ Correct
C$1,850
D$2,000
Explanation
Deed stamps: $300,000 ÷ $500 = 600 units. 600 × $1.85 = $1,110. By custom in South Carolina, this cost is typically split between buyer and seller or paid by the seller.
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