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Examen

PROFESSION|||STATE LICENSING EXAM: COMPREHENSIVE REVIEW AND TIPS QUESTIONS AND CORRECT ANSWERS 2025|2026 ||ALREADY GRADED A+

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PROFESSION|||STATE LICENSING EXAM: COMPREHENSIVE REVIEW AND TIPS QUESTIONS AND CORRECT ANSWERS 2025|2026 ||ALREADY GRADED A+ PROFESSION|||STATE LICENSING EXAM: COMPREHENSIVE REVIEW AND TIPS QUESTIONS AND CORRECT ANSWERS 2025|2026 ||ALREADY GRADED A+ PROFESSION|||STATE LICENSING EXAM: COMPREHENSIVE REVIEW AND TIPS QUESTIONS AND CORRECT ANSWERS 2025|2026 ||ALREADY GRADED A+

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PROFESSION|||STATE LICENSING EXAM:
COMPREHENSIVE REVIEW AND TIPS
QUESTIONS AND CORRECT ANSWERS
2025|2026 ||ALREADY GRADED A+

1) Civil actions in Hawaii can be commenced only within the periods prescribed
by the statue of limitations. Which of the following is incorrect? - CORRECT
ANSWERS - Civil actions MUST be commenced WITHIN 15 years for an
adverse possession claim or prescriptive easement


2) An aggrieved person is awarded a judgment against a real estate licensee for
violation of Hawaii License Law. Regarding the recovery fund, the aggrieved
party has the right to? - CORRECT ANSWERS - A MAXIMUM award of
$25,000, from the Recovery fund, INCLUDING court costs AND attorney's
fees as determined by the court


3) If a broker violates the license law resulting in monetary damages to the
consumer, what is the latest date on which the injured party may file a lawsuit
that may result in a collection from the Hawaii Real Estate Recovery Fund? -
CORRECT ANSWERS - Two years from the accrual of the cause of action


4) Concerning the Hawaii Real Estate Recovery Fund, which of the following
will the aggrieved person be required to show? - CORRECT ANSWERS -
The person has taken ALL responsible steps to collect the judgement


5) The maximum compensation that will be paid from the Hawaii Real Estate
Recovery Fund for any one licensee i... - CORRECT ANSWERS - $50,000


6) Whenever the commission is required to satisfy a claim against a licensee
with money from the Hawaii Real Estate Recovery Fund, the... - CORRECT
ANSWERS - The licensee MUST repay the FULL amount PLUS interest to
the account if he or she want to obtain a new license

,7) What is the minimum balance of the Hawaii Real Estate Recovery Fund? -
CORRECT ANSWERS - $350,000


8) After proper investigation, a payment is made from the Hawaii Real Estate
Recovery Fun due to the improper activities of a licensee. What happens when
the payment is made? - CORRECT ANSWERS - The licensee's license is
AUTOMATICALLY revoked


9) ALL of the following are TRUE about the Hawaii Discrimination Law
EXCEPT that... - CORRECT ANSWERS - There is an exemption
ALLOWING discrimination practice in the sale of a single family house when
the owner DOES NOT use a real estate agent AND DOES NOT use
discriminatory advertising


10) A person who believes that he or she has been illegally discriminated
against MAY file a complaint with the Hawaii... - CORRECT ANSWERS -
Civil Rights Commission


11) A housing discrimination charge MUST be filed with the Hawaii Civil
Rights Commission WITHIN... - CORRECT ANSWERS - 180 days


12) ALL of the following statements regarding the Hawaii Real Estate
Commission are TRUE EXCEPT... - CORRECT ANSWERS - The Hawaii
Association of REALTORS ® selects members of the commission


13) In Hawaii, the real estate license law is administered by the... - CORRECT
ANSWERS - Hawaii Association of REALTORS ®


14) How are members of the Hawaii Real Estate Commission selected? -
CORRECT ANSWERS - By the governor

,15) The Real Estate Commission has the authority to... - CORRECT
ANSWERS - Make AND enforce the rules by which ALL real estate
licensees MUST abide


16) Who conducts an investigation of the licensee in Hawaii? - CORRECT
ANSWERS - Regulated Industries Complaints Office


17) An unlicensed individual who engages in activities for which a real estate
license IS required IS subject to which of the following penalties? - CORRECT
ANSWERS - Fine of NOT MORE than $5,000 per violation


18) State laws that regulate real estate securities are called? - CORRECT
ANSWERS - Blue Sky Laws


19) In Hawaii, Condominium Public Report AUTOMATICALLY expire -
CORRECT ANSWERS - When ALL the units are sold


20) Hawaii discrimination laws ADD which of the following protected classes
to the Federal Fair Housing Law? - CORRECT ANSWERS - ALL of the
following
-Married persons
-Persons with HIV
-Persons who use a guide or signal dog


21) An airline pilot, who is NOT a real estate licensee, told a broker about some
friends who were looking for a new home. The broker contacted the friends and
eventually sold them a house. When MAY the broker MAY the airline pilot for
this valuable lead? - CORRECT ANSWERS - The broker may not pay the
airline pilot for the lead


22) I have the following, who must obtain a real estate license and, therefore, is
not exempt from provisions of the Hawaii real estate license act? - CORRECT

, ANSWERS - Individual who receives compensation for preparing
prospective buyers or tenants for real estate for others


23) which of the following is a requirement to obtain the real estate sales
person's license in Hawaii? - CORRECT ANSWERS - Successful completion
of a commission - approved course of 60 class hours


24) of the following, who is exempt from real estate licensing requirements? -
CORRECT ANSWERS - -Person operating a homeless facility


-Caretaker for only one owner


-Hotel operator


-Office manager Dash person acting in legal capacity
Example receiver, executor, guardian, person acting as attorney-in-fact


25) in Hawaii, who among the following would need to be a licensed real estate
broker or salesperson? - CORRECT ANSWERS - -A caretaker who leases
homes for more than one mainland owner


-Anyone who receives compensation for procuring prospective
buyer/seller/tenant


26) Who, doing the following activities, is required to have a real estate license?
- CORRECT ANSWERS - -A company that, for a flat fee, not a commission,
matches individuals from different parts of the mainland who want to exchange
mainland properties for those in Hawaii


-Anyone, for compensation, engages in any aspect of handling other people's
real estate as a whole or partial vocation

Información del documento

Subido en
29 de enero de 2025
Número de páginas
69
Escrito en
2024/2025
Tipo
Examen
Contiene
Preguntas y respuestas
$18.99

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