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FLORIDA REAL ESTATE EXAM 2026 COMPLETE EXAM QUESTIONS AND ANSWERS 100% VERIFIED A+ GRADE ASSURED!!!!! NEW LATEST UPDATE!!!!

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FLORIDA REAL ESTATE EXAM 2026 COMPLETE EXAM QUESTIONS AND ANSWERS 100% VERIFIED A+ GRADE ASSURED!!!!! NEW LATEST UPDATE!!!!

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FINAL EXAMINATION PAPER dd dd




dd FLORIDA REAL ESTATE EXAM QUESTIONS 2026 dd dd dd dd dd




STUDENT NAME: ________________________________
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COURSE: Florida Real Estate Exam dd dd dd dd TIME: _____________
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EXAM CODE: FLORIDA REAL ESTATE EXAM QUESTION
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S 2026-101
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EXAM INSTRUCTIONS:
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1. Print your full name and date clearly in the header above.
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2. This exam booklet contains both Test Questions (Part I) and Verified Solutions (Part II).
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3. Answer all multiple-choice questions clearly. Double-check your work.
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4. Do not break the seal or open this booklet until instructed to do so by the proctor.
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Q1. What expenses on a principal residence are tax deductible?
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[Verified Solution]: Property taxes and mortgage interest.
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Q2. What is the documentary stamp tax rate on a deed in Florida?
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[Verified Solution]: $0.70 per $100 of value
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Q3. What is the documentary stamp tax rate on a mortgage/note?
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[Verified Solution]: $0.35 per $100dd dddd dd dd




Q4. What is the intangible tax rate on new mortgages?
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[Verified Solution]: 2 mills (.002)dd dddd dd dd




Q5. Who pays the intangible tax?
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[Verified Solution]: Buyer dd dddd




Q6. Who pays the documentary stamp tax on the deed?
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[Verified Solution]: Seller dd dddd

, Q7. How are property taxes in Florida paid?
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[Verified Solution]: In arrears
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Q8. How are taxes entered at closing when prorating?
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[Verified Solution]: Debit seller, credit buyer
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Q9. How is mortgage interest paid?
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[Verified Solution]: In arrears
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Q10. Who is debited when prorating mortgage interest at closing?
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[Verified Solution]: Seller dd dddd




Q11. What is the formula for capitalization rate?
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[Verified Solution]: NOI ÷ Value
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Q12. What is the formula for property value using the income approach?
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[Verified Solution]: NOI ÷ Cap Rate
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Q13. If NOI is $48,000 and cap rate is 5%, what is the value?
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[Verified Solution]: $960,000
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Q14. What is a discount point?
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[Verified Solution]: 1% of the loan amount
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Q15. What appraisal approach is used for single-family homes?
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[Verified Solution]: Sales comparison approach
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Q16. What appraisal approach is used for courthouses or schools?
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[Verified Solution]: Cost approach
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