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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What is the maximum amount of SOH protections that can be transferred to a new home?

$10,000
$100,000
$50,000
$500,000

The correct answer is: $500,000

Transferring SOH protections to a new home is a way to keep property taxes low for homeowners in California. A homeowner can transfer up to $500,000 of their current home's and their new home's assessed value to their new home, which varies but typically makes it a tax-effective choice in most cases. Options A, B, and C are incorrect as they are lower amounts and would not provide the maximum amount of tax protection for the homeowner. Option D is the correct answer as it allows for the maximum amount of SOH protections to be transferred to a new home.