A seller in Ohio closes on a property sale but the title company fails to pay the conveyance fee to the County Auditor within the required timeframe. What is the MOST likely consequence?
Correct Answer
C) The deed cannot be recorded until the fee is paid, leaving the buyer without recorded title
In Ohio, the deed cannot be recorded by the County Recorder until the conveyance fee has been paid to the County Auditor and the DTE 100 form has been approved. If the fee is not paid, the deed remains unrecorded, leaving the buyer without the protection of recorded title.
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A newly licensed Ohio real estate agent is studying for her continuing education. She learns that Ohio counties may adopt a permissive conveyance fee. This county fee requires approval by:
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A developer in Ohio subdivides a large parcel into 20 lots and sells each lot individually. Regarding the conveyance fee for these lot sales: