Florida Real Estate Exam Questions and Answers 2024/2025
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Course
Real estate
Institution
Real Estate
Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down
payment and gets a mortgage in the amount of $150,000.00 and there is no other
consideration for the transfer. How much will the doc stamp tax on the deed be?
1) $1,050.00
2) $1,260.00
3) $630.00
4) $525....
→ $368.51
→
→ Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days =
$3.38; Step 2: Seller will credit buyer from January through midnight the day before
closing. Calculate the exact number of days; January 31 + February 28 + March 31
+ April 19 = 109 days; Step 3: Multiply the daily rate ($3.3808219178) x Number
of days (109) = $368.51
A Landlord has how many days to return a tenants security deposit if not making a claim on
the deposit?
1) 10
2) 15
3) 30
4) 45
→ 15
A buyer's loan payment will change if which of the following occur?
1) They have an ARM loan
2) The property taxes increase or decrease
3) Their homeowner's insurance increases
4) All of the above
→ All of the above
Which statute covers the procedural process?
1|Page| GradeA+ | 2 0 0 2 5
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