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Texas SAE Real Estate Law Questions with complete solution
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Texas SAE Real Estate Law Questions with complete solution Capital gains tax benefits include up to _______________________ exclusion of profits on the same of the home owned and occupied as a principal residence for at least two of the five years before the sale. a. $100,000 b. $200,000 c. $500,000 d. $400,000 - correct answer c First-time homebuyers are allowed penalty-free withdrawals up to __________________ from an IRA. a. $10,000 b. $5,000 c. $20,000 d. $50,000 - correct answer a Under the Texas Mortgage Credit Certificate (MCC) Program, eligible first-time homebuyers may claim a federal tax credit of up to _______ of annual mortgage interest paid. a. 25% b. 30% c. 50%
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Institution
Real Estate Brokerage
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Real Estate Brokerage
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