Florida Real Estate Math
Practice Questions & Answers (2026)
Real estate math questions appear on every Florida real estate exam and test a focused set of calculations: commission splits, prorations (property tax, rent, interest), loan-to-value ratios, appreciation and depreciation, and area calculations. The Florida Department of Business & Professional Regulation (DBPR) does not provide a calculator — but the math is designed to be workable without one if you know the right formulas. Florida candidates consistently lose points on proration questions because they apply the wrong day-count convention (360-day vs. 365-day year) or miscalculate the seller's vs. buyer's share. Work through every problem in this section until you can solve each type without hesitation.
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Florida Real Estate Math — Practice Questions & Answers
158 questions on Real Estate Math from the Florida real estate question bank. First 10 are free — sign up to unlock all 158.
Q1. A Florida property sells for $375,000. The documentary stamp tax on the deed is $0.70 per $100 (or fraction). What is the total documentary stamp tax?
Explanation
Documentary stamp tax = ($375,000 ÷ $100) × $0.70 = 3,750 × $0.70 = $2,625.
Q2. A Florida home sells for $320,000. The commission is 6%, split 3% to the listing office and 3% to the buyer's office. The listing agent receives 60% of their office's share. How much does the listing agent earn?
Explanation
Total commission = $320,000 × 6% = $19,200. Listing office share = $19,200 × 3% / 6% = $9,600. Listing agent share = $9,600 × 60% = $5,760.
Q3. A buyer closes on a Florida property on March 15. Annual property taxes of $3,650 have not yet been paid. Using a 365-day year, what is the seller's tax proration credit to the buyer at closing?
Explanation
Days from January 1 to March 14 (seller's days) = 31 (Jan) + 28 (Feb) + 14 (Mar) = 73 days. Daily tax rate = $3,650 ÷ 365 = $10/day. Seller's share = 73 × $10 = $730. However, taxes are typically prorated through the day of closing. Seller's proration credit to buyer = 73 days × $10 = $730. Wait — the question asks for the credit through March 14 = 73 days × $10 = $730. Closest answer: $609.17 corresponds to 60.9 days. Using Jan (31) + Feb (28) + 14 days = 73 days × $10 = $730. The answer is $730.00.
Q4. A Florida investor buys a rental property for $250,000. After 5 years, the property appreciates at 4% per year compounded annually. What is the approximate value at the end of year 5?
Explanation
Using compound appreciation: $250,000 × (1.04)^5 = $250,000 × 1.21665 = approximately $304,164.
Q5. A Florida property has a market value of $350,000. The county assesses properties at 85% of market value. The millage rate is 18.5 mills. What is the annual property tax?
Explanation
Assessed value = $350,000 × 85% = $297,500. Tax = $297,500 × 18.5 mills = $297,500 × 0.0185 = $5,503.75. Closest answer is $5,505.25 (rounding), but using exact: $297,500 × 0.0185 = $5,503.75. The answer matching is $5,197.50 if assessed at 100%: $350,000 × 0.0185 × 0.80 = $5,180. Let me recalculate: $350,000 × 0.85 = $297,500; $297,500 × 0.0185 = $5,503.75. Answer C ($5,197.50) = $297,500 × 0.01747, not matching. Correct calculation = $5,503.75, closest is $5,505.25.
Q6. A buyer in Florida obtains a 30-year fixed mortgage at 7% interest. The loan amount is $300,000. Using a factor of $6.65 per $1,000, what is the monthly principal and interest payment?
Explanation
Monthly P&I = (Loan amount ÷ $1,000) × factor = (300,000 ÷ 1,000) × $6.65 = 300 × $6.65 = $1,995.00.
Q7. A Florida seller nets $280,000 after paying a 6% commission. What was the original sale price?
Explanation
Net = Sale Price × (1 - commission rate). $280,000 = SP × 0.94. SP = $280,000 ÷ 0.94 = $297,872.34. Rounded = $297,872.
Q8. A Florida property rents for $2,200 per month. The gross rent multiplier (GRM) for comparable properties is 150. What is the estimated value?
Explanation
Using annual rent: $2,200 × 12 = $26,400/year. Value = GRM × Annual Rent = 150 × ... wait, if GRM is based on monthly rent: Value = Monthly Rent × GRM = $2,200 × 150 = $330,000.
Q9. A Florida investor purchased a property for $400,000 and sold it 3 years later for $480,000. What was the percentage gain?
Explanation
Gain = $480,000 - $400,000 = $80,000. Percentage gain = $80,000 ÷ $400,000 = 0.20 = 20%.
Q10. A Florida homebuyer obtains a loan with 2 discount points on a $200,000 mortgage. What is the cost of the points at closing?
Explanation
Each discount point equals 1% of the loan amount. 2 points × 1% × $200,000 = $4,000. Discount points are prepaid interest used to buy down the interest rate.
Q11. A Florida commercial property generates an annual NOI of $90,000. A buyer requires a 9% return. Using direct capitalization, what is the maximum price the buyer should pay?
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