Study Guide – Practice
Questions with Verified
Answers. GRADED A+. Latest
2026/2027 Update
In Hawaii, which of these is an example of conversion?
A broker accepts an earnest money check from a buyer.
A broker deposits an earnest money check from a buyer into a trust account.
A broker mixes trust funds with his own money.
A broker uses client trust funds without the client's permission. - Answer✔✔-A
broker uses client trust funds without the client's permission.
Hikialani moved out of the Lahaina condo that he'd been renting. Three weeks
after he moved, his landlord sent him notice that part of his security deposit
would be retained; the notice included receipts for repair to a window and a
couple of holes in the wall. Has the landlord acted properly?
No, because he has only 14 days to send notification and receipts.
,No, because Hikialani should have been given an opportunity to correct the
issues himself.
Yes. He can withhold funds for damage to the unit.
Yes, since he sent receipts with the notification. - Answer✔✔-No, because he
has only 14 days to send notification and receipts.
Woodrow helps his neighbor sell his home by assisting with negotiations. He
receives no compensation for his assistance. Based on this one transaction,
Woodrow ______.
Doesn't need a real estate license
Must have at least a broker license
Must have at least an appraiser license
Must have at least a negotiator license - Answer✔✔-Doesn't need a real estate
license
Serenity's buyer, Rodney, agreed that Serenity could hold his uncashed earnest
money check until the seller accepts his offer. What else does Serenity need to
do?
Ask Rodney to post-date the check to the noted contract acceptance deadline.
Get permission from the seller to hold the check.
Note in the trust fund records that the check is being held.
Notify the seller that the check has been received and is being held. -
Answer✔✔-Notify the seller that the check has been received and is being
held.
,In Hawaii, which of these individuals would need a real estate license?
Kiley is the executor of her mother's estate and is conveying property on behalf
of the estate.
Meg pays a considerable portion of her rent at Sunset Apartments from credits
she gets for referring prospective tenants.
Renda Beard is a leasing agent. She employs two other leasing agents.
Two partners are selling an apartment they jointly own. - Answer✔✔-Renda
Beard is a leasing agent. She employs two other leasing agents.
Which of these lenders would be least likely to approve a short sale?
Conventional lenders
Credit unions
First loan lenders
Junior lenders - Answer✔✔-Junior Lenders
You're on a planning board that's discussing how to keep the city more livable
by reducing building density. The subject of bulk zoning comes up. What is your
response?
"That applies to commercial areas only."
"That's a great way to meet our objectives."
, "That's crazy. We're trying to reduce density, not increase it."
"That will work for residential areas, but what about commercial?" -
Answer✔✔-"That's a great way to meet our objectives."
Luann is renting an apartment in Kailua. She has a one-year, fixed-term rental
agreement, and it ends on June 30. How many days' notice must she give to
terminate the lease on that date?
30
45
60
None - Answer✔✔-None
The primary purpose of HICZMP is to ______.
Act as a liaison between federal and state coastal zone management programs.
Define the location and size of Hawaii's special management areas.
Enforce implementation of coastal zone management programs.
Serve as an umbrella resource for county implementations of coastal zone
management programs. - Answer✔✔-Serve as an umbrella resource for county
implementations of coastal zone management programs.