As an Arkansas Realtor, I think I can help settle this question. I realize that you're in North Central AR, but perhaps the customs are not dissimilar from those of NWA. In NWA, it is customary practice for Buyer and Seller to split the cost of a combination owner's and mortgagee's title insurance policy ordered by the Seller, although the ARA approved Contract does allow for several other options, and EVERYTHING in Real Estate is negotiable. This option tends to be less expensive for both Buyer and Seller than purchasing Title Insurance separately (and, yes, the Seller does need coverage when selling). With cash transactions, typically, the Seller furnishes, at Seller's cost, an owner's policy of title insurance; there is no need for a mortgagee's policy, because there is no mortgage. It is also customary in my area for the Seller to choose the Title Company, however, the Buyer is not bound by this custom, and if the parties cannot agree, a split closing using two Closing Companies can be arranged. Often we run into split closings when Corporate RELO Buyer Clients are required by the Relo Company to use a particular Closing Company. For common practice in your area, call a local Realtor.