EstatePass
Transfer of TitleEASYFREE

In Ohio, the conveyance fee is typically paid by:

2:33
0 views

Question & Answer

Review the question and all answer choices

A

The buyer

Buyers typically pay for items like loan origination fees, title insurance, and recording fees, but not conveyance fees in Ohio. Confusing buyer and seller expenses is a common error.

B

The seller

Correct Answer
C

Split equally

While some costs may be split between buyer and seller, conveyance fees in Ohio are not typically divided equally but are instead a seller responsibility by custom.

D

The title company

Title companies facilitate the transaction but do not typically pay conveyance fees out of their own pockets; they collect from the appropriate party.

Why is this correct?

In Ohio, conveyance fees are considered a cost of selling property and are traditionally paid by the seller as part of the closing expenses. This aligns with customary practice where sellers bear the cost of transferring ownership.

Ready to Ace Your Real Estate Exam?

Access 2,000+ free video lessons covering all 11 exam topics.