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Questions and Answers
What is the total amount the married couple sold their home for this year?
What is the total amount the married couple sold their home for this year?
- $550,000
- $500,000
- $950,000 (correct)
- $400,000
How much of the money from selling their home will the married couple be required to pay capital gains tax on?
How much of the money from selling their home will the married couple be required to pay capital gains tax on?
- $300,000
- $50,000
- $550,000 (correct)
- $950,000
What type of listing provides a commission to the broker ONLY if the sale is successful?
What type of listing provides a commission to the broker ONLY if the sale is successful?
- Open (correct)
- Net
- Exclusive right-to-sell
- Exclusive agency
Which entity provides flood insurance to homeowners?
Which entity provides flood insurance to homeowners?
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What is the capital gains tax exemption amount for a married couple in this scenario?
What is the capital gains tax exemption amount for a married couple in this scenario?
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