Florida Real Estate Exam Questions With
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Terms in this set (130)
Linda purchases $1,260.00
property in Escambia
County from Susan. Tax calculation: $150,000 + $30,000 = $180,000/100
Linda has $30,000.00 as = 1800 (taxable $100 units) x $0.70 = $1260.00 tax
a down payment and due.
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
,Heather has been using 2) easement by prescription
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.
When purchasing an 4) Articles of incorporation of the association
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
,Todd is an 89-year-old 2) $95,000
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
A contract for deed is 2) Land Contract
also called what?
1) Deed in lieu of
foreclosure
2) Land Contract
3) Novation
4) Sales Contract
The cost of borrowing 1) Interest
money is called what?
1) Interest
2) Leverage
3) Capitol
4) Credit
, Sally is buying a home $368.51
and the closing date is
set for April 20th. The Step 1: Find the daily rate; property taxes for the
annual property taxes year ($1234.00) / 365 days = $3.38; Step 2: Seller
are $1234.00 and have will credit buyer from January through midnight the
not been paid yet. How day before closing. Calculate the exact number of
much will the buyer be days; January 31 + February 28 + March 31 + April 19
credited and the seller = 109 days; Step 3: Multiply the daily rate
be debited? ($3.3808219178) x Number of days (109) = $368.51
1) $371.80
2) $368.51
3) $375.18
4) $370.36
A Landlord has how 15
many days to return a
tenants security deposit
if not making a claim on
the deposit?
1) 10
2) 15
3) 30
4) 45
Verified Correct Answers & Rationale Latest
Update 100% Scored
Save
Terms in this set (130)
Linda purchases $1,260.00
property in Escambia
County from Susan. Tax calculation: $150,000 + $30,000 = $180,000/100
Linda has $30,000.00 as = 1800 (taxable $100 units) x $0.70 = $1260.00 tax
a down payment and due.
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
,Heather has been using 2) easement by prescription
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.
When purchasing an 4) Articles of incorporation of the association
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
,Todd is an 89-year-old 2) $95,000
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
A contract for deed is 2) Land Contract
also called what?
1) Deed in lieu of
foreclosure
2) Land Contract
3) Novation
4) Sales Contract
The cost of borrowing 1) Interest
money is called what?
1) Interest
2) Leverage
3) Capitol
4) Credit
, Sally is buying a home $368.51
and the closing date is
set for April 20th. The Step 1: Find the daily rate; property taxes for the
annual property taxes year ($1234.00) / 365 days = $3.38; Step 2: Seller
are $1234.00 and have will credit buyer from January through midnight the
not been paid yet. How day before closing. Calculate the exact number of
much will the buyer be days; January 31 + February 28 + March 31 + April 19
credited and the seller = 109 days; Step 3: Multiply the daily rate
be debited? ($3.3808219178) x Number of days (109) = $368.51
1) $371.80
2) $368.51
3) $375.18
4) $370.36
A Landlord has how 15
many days to return a
tenants security deposit
if not making a claim on
the deposit?
1) 10
2) 15
3) 30
4) 45
