Florida Real Estate Exam Questions and Answers 100% Correct

Florida Real Estate Exam Questions and Answers 100% Correct
Question : 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) $1,050.002) $1,260.003)
$630.004) $525.00
Correct answer: $1,260.00Tax calculation: $150,000 +
$30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70
= $1260.00 tax due.
Question : 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.
Correct answer: 2) easement by prescription
Question : When purchasing an existing condominium, the
buyer must receive which of the following?1) Annual
operating budget2) A prospectus3) Rules and Regulations4)
Articles of incorporation of the association
Correct answer: 4) Articles of incorporation of the association

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