Florida Real Estate Exam
Questions 2026 Exam All
Answers and Illustrations
Given
Linda purchases property in Escambia County from Susan. Linda has
$30,000.00 as a down payment and 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 - ANSWER ✔✔$1,260.00
Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable
$100 units) x $0.70 = $1260.00 tax due.
Heather has been using 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. - ANSWER ✔✔2) easement by
prescription
When purchasing an 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 - ANSWER ✔✔4)
Articles of incorporation of the association
Todd is an 89-year-old 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 - ANSWER ✔✔2) $95,000
A contract for deed is also called what?
1) Deed in lieu of foreclosure
2) Land Contract
3) Novation
4) Sales Contract - ANSWER ✔✔2) Land Contract
The cost of borrowing money is called what?
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, 1) Interest
2) Leverage
3) Capitol
4) Credit - ANSWER ✔✔1) Interest
Sally is buying a home and the closing date is set for April 20th. The
annual property taxes are $1234.00 and have not been paid yet. How
much will the buyer be credited and the seller be debited?
1) $371.80
2) $368.51
3) $375.18
4) $370.36 - ANSWER ✔✔$368.51
Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365
days = $3.38; Step 2: Seller will credit buyer from January through
midnight the day before closing. Calculate the exact number of days;
January 31 + February 28 + March 31 + April 19 = 109 days; Step 3:
Multiply the daily rate ($3.3808219178) x Number of days (109) =
$368.51
Questions 2026 Exam All
Answers and Illustrations
Given
Linda purchases property in Escambia County from Susan. Linda has
$30,000.00 as a down payment and 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 - ANSWER ✔✔$1,260.00
Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable
$100 units) x $0.70 = $1260.00 tax due.
Heather has been using 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. - ANSWER ✔✔2) easement by
prescription
When purchasing an 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 - ANSWER ✔✔4)
Articles of incorporation of the association
Todd is an 89-year-old 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 - ANSWER ✔✔2) $95,000
A contract for deed is also called what?
1) Deed in lieu of foreclosure
2) Land Contract
3) Novation
4) Sales Contract - ANSWER ✔✔2) Land Contract
The cost of borrowing money is called what?
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, 1) Interest
2) Leverage
3) Capitol
4) Credit - ANSWER ✔✔1) Interest
Sally is buying a home and the closing date is set for April 20th. The
annual property taxes are $1234.00 and have not been paid yet. How
much will the buyer be credited and the seller be debited?
1) $371.80
2) $368.51
3) $375.18
4) $370.36 - ANSWER ✔✔$368.51
Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365
days = $3.38; Step 2: Seller will credit buyer from January through
midnight the day before closing. Calculate the exact number of days;
January 31 + February 28 + March 31 + April 19 = 109 days; Step 3:
Multiply the daily rate ($3.3808219178) x Number of days (109) =
$368.51
