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 usually pays Florida's documentary stamp tax on deeds?

  1. The buyer

  2. The lender

  3. The listing agent

  4. The seller

The correct answer is: The seller

Florida's documentary stamp tax on deeds is typically paid by the seller. This tax is calculated based on the purchase price of the property and is typically included in the closing costs when the property is sold. The buyer may end up paying the tax if it is negotiated in the contract, but it is usually the seller's responsibility. The lender and listing agent are not responsible for paying this tax, making options B and C incorrect.

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