Florida Real Estate License Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update

Florida Real Estate License Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update
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?
$1,050.00
$1,260.00
$630.00
$525.00
Correct answer: $1,260.00
Tax 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?
easement appurtenant.
easement by prescription.
easement in gross.
easement by necessity.

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