Florida Real Estate Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

After subtracting the adjusted basis from an investment property's sales price, an investor would get the capital gain or capital loss. The adjusted basis is the original purchase price plus any improvements made, minus any depreciation taken. This gives the investor the total amount invested in the property. By subtracting this from the sales price, the investor can determine if they made a profit (capital gain) or a loss (capital loss). The other options are incorrect as appreciation and depreciation do not directly affect the amount an investor receives from the sales price. Operating expenses are also not relevant in this scenario since they are deducted from the income generated by the property, not the sales price.