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Florida Real Estate Exam *Q&A* (100% Correct) 2025/2026 |VERIFIED| $9.62
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Florida Real Estate Exam *Q&A* (100% Correct) 2025/2026 |VERIFIED|

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Florida Real Estate Exam *Q&A* (100% Correct) 2025/2026 |VERIFIED| Linda buys property in Escambia County from Susan. With a $30,000 down payment, Linda gets a mortgage of $150,000 and there is no other consideration for the transfer. What is the amount of doc stamp tax on the deed? A) $1...

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  • December 8, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida real estate exam qa 100 correct 202

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  • Real Estate
  • Real Estate

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Florida Real Estate Exam *Q&A* (100%
Correct) 2025/2026 |VERIFIED|
Linda buys property in Escambia County from Susan. With a $30,000 down payment, Linda gets a
mortgage of $150,000 and there is no other consideration for the transfer. What is the amount of doc
stamp tax on the deed?



A) $1,050.00

B) $1,260.00

C) $630.00

D) $525.00



Tax Calculation: $150,000 (mortgage) + $30,000 (down payment) = $180, = 1800 (taxable $100
units) × $0.70 = $1,260.00 tax due.



Heather has been using a roadway at the back of the 22 acres that Pam owns. She has been driving
down the roadway almost every day without permission for over 20 years. What type of easement is
this?



A) Easement appurtenant

B) Easement in gross

C) Easement by prescription

D) Easement by necessity



When purchasing a condominium, what document must the buyer receive?



A) Annual operating budget

B) A prospectus

C) Rules and Regulations

D) Articles of incorporation of the association

1

,Todd, an 89-year-old veteran, is legally blind and partially disabled due to military injuries. His home has
an assessed value of $150,500. What will his taxable value be for county taxes?



A) $55,500

B) $95,000

C) $100,500

D) $110,000



What is another name for a contract for deed?



A) Deed in lieu of foreclosure

B) Novation

C) Land contract

D) Sales contract



What is the term for the cost associated with borrowing money?



A) Interest

B) Leverage

C) Capitol

D) Credit



Sally is purchasing a home, and the closing is scheduled for April 20th. The annual property taxes are
$1,234, which have not yet been paid. How much will the buyer be credited, and the seller be debited?



A) $371.80

B) $368.51

C) $375.18


2

,D) $370.36



Step 1: Find the daily rate: $1,234 ÷ 365 = $3.38 per day. Step 2: The seller will credit the buyer for taxes
from January through April 19th (109 days). Step 3: $3.38 × 109 days = $368.51.



How many days does a landlord have to return a tenant’s security deposit if no claim is made?



A) 10

B) 15

C) 30

D) 45



When will a buyer’s loan payment change?



A) They have an ARM loan

B) The property taxes increase or decrease

C) Their homeowner's insurance increases

D) All of the above



Which statute outlines the procedural process for real estate?



A) Chapter 455

B) Chapter 120

C) Chapter 475

D) Chapter 20



Which duty applies to all types of brokerage relationships?



A) Accounting for all funds

3

, B) Loyalty

C) Using skill, care, and diligence

D) Confidentiality



Jessica buys a current rental list from you and later requests a refund after not finding a rental on it. She
is entitled to what amount of a refund?



A) 100%

B) 75%

C) 25%

D) 0%



A deal fails to close because the buyer could not secure financing. The broker receives conflicting
demands about the earnest money. How long does the broker have to notify the Florida Real Estate
Commission (FREC)?



A) 10 days

B) 15 days

C) 20 days

D) 30 days



How many members of the Florida Real Estate Commission must be consumer members who have never
held a real estate license?



A) 1

B) 2

C) 3

D) 4




4

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