CFE Study Guide 2026
Everything you need to pass the CFE exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CFE Exam Format at a Glance
📚 CFE Topics to Study (21)
✍️ Sample CFE Questions & Answers
1. Which of the following would cause a Florida homestead exemption to be revoked?
Establishing a new permanent domicile elsewhere eliminates the owner's eligibility for Florida homestead exemption, which requires the property to be the owner's permanent residence.
2. In multiple regression analysis (MRA) used for mass appraisal, the dependent variable is typically:
In MRA for appraisal purposes, the dependent variable is the sale price or assessed value that the model is trying to predict.
3. In a Florida mass appraisal context, what is a 'stratified analysis' used for?
Stratified analysis divides the assessment population into subgroups (by value range, neighborhood, or property type) to identify systematic over- or under-assessment within specific segments.
4. Which valuation approach is most commonly emphasized when assessing residential properties for Florida ad valorem tax purposes?
The sales comparison approach is most heavily relied upon for residential property assessment because abundant sales data allows direct market comparisons.
5. When must Florida property tax assessments be finalized each year?
In Florida, property tax assessments must be finalized and submitted to the Department of Revenue by July 1st each year. This deadline is crucial for the subsequent steps in the property tax calendar, including the TRIM notice distribution and the eventual mailing of tax bills. Adhering to this date ensures the timely progression of the annual tax cycle.
6. Which approach is commonly used to appraise single-family homes?
The Sales Comparison Approach is commonly used to appraise single-family homes because it directly reflects market behavior. This method involves comparing the subject property to similar properties that have recently sold in the same market. Adjustments are then made for differences in features, location, and condition to arrive at an estimated value for the subject property.