Transfer Fees, Conveyance Tax & Revenue Stamps

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Most real estate transfer fees are extremely _____ in nature.

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1. The total transfer fees that must be disclosed prior to, and paid for at a real estate closing, are most often determined by:

2. The tax whose name is derived from actual ink markings and is required to be placed on a deed prior to its recording is called the _____

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About This Quiz & Worksheet

Use these resources to test yourself on real estate taxes and fees, including transfer fees, conveyance taxes, and revenue stamps. Question topics include types of taxes and who pays them.

Quiz & Worksheet Goals

Study the following topics by taking this quiz:

  • A common fact of real estate transfer fees
  • A tax named after an ink marking
  • Who or what determines the total transfer fees that must be disclosed before a real estate closing
  • When must payment for all applicable fees, transfers and taxes be clarified by
  • Who usually pays conveyance fees or transfer taxes

Skills Practiced

Aim to practice these skills in the quiz:

  • Interpreting information - verify that you can read information regarding the determination of total transfer fees and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the person or persons who pays conveyance fees or transfer tax for a real estate purchase
  • Information recall - access the knowledge you've gained regarding the tax named for an ink marking placed on the deed

Additional Learning

By using the Transfer Fees, Conveyance Tax & Revenue Stamps lesson, you can review this topic and any further study points. Use it to learn more about:

  • The meaning and an example of 'documentary tax'
  • How to calculate certain tax types
  • The party that usually pays for mortgage loan fees and the party that usually pays transfer tax
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