Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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If you buy a 200,000 dollar house in cash, how much stamp tax will you pay?

$1000
$1200
$1400
$1600

The correct answer is: $1400

Option A, B, and D are incorrect because they are all less than the correct answer. They do not accurately reflect the amount of stamp tax that would be paid for a $200,000 house purchase. Option C is the correct answer because it is the closest to the average amount of stamp tax paid for a $200,000 house purchase, which is typically around 0.7% of the purchase price or $1400.