A property in Hamilton County, Ohio sells for $280,000. The county charges the state conveyance fee plus the maximum county permissive fee. What is the total conveyance fee?
Correct Answer
B) $364.00
State conveyance fee: $1.00/$1,000 × $280,000 = $280.00. Maximum county permissive fee: $0.30/$1,000 × $280,000 = $84.00. Total: $280.00 + $84.00 = $364.00.
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In many Ohio counties, closings are conducted by title companies or attorneys. Which statement about attorney involvement in Ohio closings is MOST accurate?
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At closing in Ohio, the deed must be delivered from the seller to the buyer and recorded. Under Ohio law, for a deed to be valid and recordable, it must: