Florida real estate EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

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Florida Real Estate Exam Questions 2026 A+ GRADE AS ga ga ga ga ga ga ga ga




SURED COMPLETE SOLUTIONS AND VERIFIED ANSWER ga ga ga ga ga




S (93885)
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QUESTION 1 ga




Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a do
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wn payment and gets a mortgage in the amount of $150,000.00 and there is no other co
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nsideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.
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00 2) $1,260.00 3) $630.00 4) $525.00
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ANSWER

$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $
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1260.00 tax due. ga ga




QUESTION 2 ga




Heather has been using a roadway at the back of the 22 acres Pam owns. She has been d
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riving down the roadway almost every day without permission for over 20 years. This is
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called what? 1) easement appurtenant. 2) easement by prescription. 3) easement in gro
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ss. 4) easement by necessity.
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ANSWER

2) easement by prescription
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QUESTION 3 ga




When purchasing an existing condominium, the buyer must receive which of the followi
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ng? 1) Annual operating budget 2) A prospectus 3) Rules and Regulations 4) Articles of i
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ncorporation of the association ga ga ga




ANSWER

4) Articles of incorporation of the association
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,QUESTION 4 ga




Todd is an 89-year- ga ga ga



old veteran that is legally blind and partially disabled due to injuries he sustained in the
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military. His home has an assessed value of $150,500. How much will his taxable value
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be for county taxes? 1) $55,500 2) $95,000 3) $100,500 4) $110,000
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ANSWER

2) $95,000ga




QUESTION 5 ga




A contract for deed is also called what? 1) Deed in lieu of foreclosure 2) Land Contract 3
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) Novation 4) Sales Contract
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ANSWER

2) Land Contract
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QUESTION 6 ga




The cost of borrowing money is called what? 1) Interest 2) Leverage 3) Capitol 4) Credit
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ANSWER

1) Interest
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QUESTION 7 ga




Sally is buying a home and the closing date is set for April 20th. The annual property tax
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es are $1234.00 and have not been paid yet. How much will the buyer be credited and th
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e seller be debited? 1) $371.80 2) $368.51 3) $375.18 4) $370.36
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ANSWER

$368.51 Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38; Step 2:
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Seller will credit buyer from January through midnight the day before closing. Calculate the exact numb
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er of days; January 31 + February 28 + March 31 + April 19 = 109 days; Step 3: Multiply the daily rate
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($3.3808219178) x Number of days (109) = $368.51 ga ga ga ga ga ga ga




QUESTION 8 ga




A Landlord has how many days to return a tenants security deposit if not making a clai
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m on the deposit? 1) 10 2) 15 3) 30 4) 45
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ANSWER

15

, QUESTION 9 ga




A buyer's loan payment will change if which of the following occur? 1) They have an AR
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M loan 2) The property taxes increase or decrease 3) Their homeowner's insurance incr
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eases 4) All of the above ga ga ga ga ga




ANSWER

All of the above
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QUESTION 10 ga




Which statute covers the procedural process? 1) Chapter 455 2) Chapter 120 3) Chapter
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475 4) Chapter 20 ga ga ga




ANSWER

Chapter 120 ga




QUESTION 11 ga




Which brokerage relationship duty applies to all three types of brokerage relationships?
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1) Accounting for all funds 2) Loyalty 3) Using skill, care, and diligence 4) Confidentialit
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y
ANSWER

Accounting for all funds ga ga ga




QUESTION 12 ga




You sell Jessica a current up-to-
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date rental list and provide all the proper disclosures and paperwork. Jessica contacts y
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ou 15 days later and asks for a refund of the amount she paid for the list because she co
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uld not find a rental on the list. She is entitled to how much of a refund? 1) 100% 2) 75
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% 3) 25% 4) 0%
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ANSWER

75%



QUESTION 13 ga




A deal failed to close because the buyer was unable to secure financing. The broker rece
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ived conflicting demands regarding the earnest money. How long does the broker have t
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o notify FREC? 1) 10 days 2) 15 days 3) 20 days 4) 30 days
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