Florida Real Estate Practice Exam

For how many years must the homestead exemption have been in place to transfer the SOH benefit to a new home?

1. One of the previous two years

2. The last 10 years

3. The last five years

4. The last two years

The correct answer is: One of the previous two years

The homestead exemption must have been in place for at least one of the previous two years in order to transfer the Save Our Homes (SOH) benefit to a new home. This means that the homeowner must have either owned their previous home for at least one year before selling it, or they must have owned their current home for at least one year before applying for the exemption. Therefore, options B, C, and D are incorrect as they state a specific number of years without accounting for the possibility of the homeowner owning their previous or current home for less than that amount of time.