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As both a real estate and mortgage broker in the state of Florida for many years, when I moved to my real estate company to West Virginia, I was surprised at the many differences between how things are done
in the Sunshine and Mountain States.
In real estate there is national law, state law, and just plain how-we-do-it-around-here. That latter category covers a surprising number of things, including who pays for what at closing, how commissions are shared between Realtors, home inspections, and terminology, to name a few.
One of the big differences is that, in West Virginia, buyers rarely purchase Buyer's Title Insurance (also known as Owner's Title Insurance, or an Owner's Title Policy) at closing. In Florida, virtually all buyers are provided with owner's title insurance, which is customarily paid for by the seller. Here in the Mountain State,...
Bill Porter, Broker
(304) 612-3746
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