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Florida Real Estate Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass
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Florida Real Estate Exam Questions.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20ExFlorida Real Estate Exam Questions & Verified
Answers
1. 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) $525.00
Answer $1,260.00
Tax calculation $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x
$0.70 = $1260.00 tax due.
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2. Heather has been using a roadway at the back of the 22 acres Pam owns. She has been
driving down the roadway almost every day without permission for over 20 years. This is
called what?
1) easement appurtenant.
2) easement by prescription.
3) easement in gross.
4) easement by necessity.
Answer 2) easement by prescription
3. When purchasing an existing condominium, the buyer must receive which of the
following?
1) Annual operating budget
2) A prospectus
3) Rules and Regulations
4) Articles of incorporation of the association
Answer 4) Articles of incorporation of the association
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4. Todd is an 89-year-old veteran that is legally blind and partially disabled due to injuries
he sustained in the military. His home has an assessed value of
$150,500. How much will his taxable value be for county taxes?
1) $55,500
2) $95,000
3) $100,500
4) $110,000
Answer 2) $95,000
5. A contract for deed is also called what?
1) Deed in lieu of foreclosure
2) Land Contract
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3) Novation
4) Sales Contract
Answer 2) Land Contract
6. The cost of borrowing money is called what?
1) Interest
2) Leverage
3) Capitol
4) Credit
Answer 1) Interest
7. Sally is buying a home and the closing date is set for April 20th.The annual property
taxes are $1234.00 and have not been paid yet. How much will the buyer be credited and
the seller be debited?
1) $371.80
2) $368.51
3) $375.18
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