Florida Real Estate Practice Exam

Which of the following statements about the Florida property tax disclosure is NOT true?

1. It can be included in the sales contract itself.

2. It cautions buyers not to rely on the current year's tax to predict what they'll have to pay.

3. It gives buyers a rough estimate of the property tax they'll pay in the coming year.

4. It must be provided to sellers when they sign their agency agreement.

The correct answer is: It gives buyers a rough estimate of the property tax they'll pay in the coming year.

The statement that is NOT true is C, "It gives buyers a rough estimate of the property tax they'll pay in the coming year." The Florida property tax disclosure actually cautions buyers not to rely on the current year's tax to predict what they'll have to pay, as mentioned in option B. This is because property taxes can change from year to year and may not accurately reflect what buyers will pay in the future. Option A is incorrect because the Florida property tax disclosure is a separate document and should not be included in the sales contract. Option D is incorrect because the Florida property tax disclosure is not required to be provided to sellers, but rather to buyers, as a form of consumer protection.