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

REAL ESTATE LICENSING
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Exam Solution
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Florida Real Estate Exam 2026 A+ GRADE ASSURED CO
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MPLETE SOLUTIONS AND VERIFIED ANSWERS (83EF7)
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QUESTION 1 ms




What expenses on a principal residence are tax deductible?
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ANSWER

Property taxes and mortgage interest.
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QUESTION 2 ms




What is the documentary stamp tax rate on a deed in Florida?
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ANSWER

$0.70 per $100 of value
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QUESTION 3 ms




What is the documentary stamp tax rate on a mortgage/note?
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ANSWER

$0.35 per $100
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QUESTION 4 ms




What is the intangible tax rate on new mortgages?
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ANSWER

2 mills (.002)
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QUESTION 5 ms

, Who pays the intangible tax?
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ANSWER

Buyer



QUESTION 6 ms




Who pays the documentary stamp tax on the deed?
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ANSWER

Seller



QUESTION 7 ms




How are property taxes in Florida paid?
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ANSWER

In arrears
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QUESTION 8 ms




How are taxes entered at closing when prorating?
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ANSWER

Debit seller, credit buyer
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QUESTION 9 ms




How is mortgage interest paid?
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ANSWER

In arrears
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QUESTION 10 ms




Who is debited when prorating mortgage interest at closing?
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ANSWER

Seller



QUESTION 11 ms