Florida Real Estate Exam Practice 2026 – Complete Study Resource

1 / 400

According to custom, who pays the costs on the day of closing for property taxes, utilities, etc.?

The buyer

The buyer and seller split these costs.

The seller

This is because the seller is responsible for any expenses related to the property until the closing day. The buyer will then take over these costs after the property is officially transferred to them. Option A is incorrect because the buyer is only responsible for paying these costs after the closing. Option B may be a possible agreement between the buyer and seller, but generally it is the seller's responsibility. Option D is incorrect because it is not the broker's responsibility to pay for these expenses, unless it has been previously agreed upon in the contract.

Get further explanation with Examzify DeepDiveBeta

Typically, the broker pays the costs on the day of closing.

Next Question
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy