Florida Real Estate Practice Exam

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What can homeowners do with the SOH benefit when moving?

  1. Transfer it to a new home within the same state

  2. Use it to purchase furniture

  3. Apply it towards their new mortgage rate

  4. Donate it to a new homeowner

The correct answer is: Transfer it to a new home within the same state

Homeowners can transfer the SOH (Save Our Homes) benefit to a new home within the same state. This is not transferable outside of the state, as each state has its own benefit program. Using it to purchase furniture or applying it towards a new mortgage rate are not options available for the SOH benefit. Additionally, the benefit cannot be donated to a new homeowner, as it is only applicable to the original homeowner.

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