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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Who commonly pays the Documentary Stamp Tax?

  1. The buyer

  2. The seller

  3. The lender

  4. The estate agent

The correct answer is: The seller

The seller commonly pays the Documentary Stamp Tax in a real estate transaction. This tax is a one-time tax imposed by the state or local government on the transfer of a property's title and is typically a percentage of the property's sale price. The buyer is not responsible for paying this tax as it is usually included in the closing costs and paid by the seller. The lender is also not responsible for paying this tax. While an estate agent may be involved in the transaction, they are not responsible for paying the Documentary Stamp Tax. Therefore, the correct answer is B.

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