Hawaii Real Estate
Hawaii State Real Estate Exam Questions and
Answers 2025
lands extending inland from the shoreline as delineated on the maps filed with the
counties -Correct Answer ✔Special Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that
the salesperson or broker-salesperson shall not maintain or advertise a place of business
other than the principal place of business -Correct Answer ✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that
any advertisements on an island different from that of the principal place of business
shall disclose the name of the brokerage firm and the address and phone number of the
principal place of business. -Correct Answer ✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that
all agency disclosures required by section 16-99-3.1 shall include that the principal place
of business is located on a different island. -Correct Answer ✔TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? -Correct
Answer ✔Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? -Correct Answer
✔First closing
Hawaii Real Estate
, Hawaii Real Estate
Which closing is legal title given in an Agreement of Sale? -Correct Answer ✔2nd closing,
as Equitable is given in the first closing.
Conveyand tax paid on Satisfaction of Agreement of Sale. T or F -Correct Answer ✔False.
It is paid on 1st closing when purchased initally. It is also paid when conveyed by a
General Warranty Deed.
Time share 7 right of recision allows who to cancel? -Correct Answer ✔buyer or seller
Time share 7 right of recision should be written or just oral? -Correct Answer ✔Both
written and oral.
time share acquisition agents who are not licensed as sales persons still must be
registered with the Commission as a time share acquisition agent. T or F -Correct Answer
✔TRUE
The maximum allowable rate for USERY loans (person to person) is -Correct Answer
✔1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the listing
agreement? -Correct Answer ✔365 days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for commercial,
then... -Correct Answer ✔6 inches residential, 9" agricultural, 18" conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet deposit if
applicable? -Correct Answer ✔No. The deposit must not exceed 1 months rent period.
Hawaii Real Estate
Hawaii State Real Estate Exam Questions and
Answers 2025
lands extending inland from the shoreline as delineated on the maps filed with the
counties -Correct Answer ✔Special Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that
the salesperson or broker-salesperson shall not maintain or advertise a place of business
other than the principal place of business -Correct Answer ✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that
any advertisements on an island different from that of the principal place of business
shall disclose the name of the brokerage firm and the address and phone number of the
principal place of business. -Correct Answer ✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that
all agency disclosures required by section 16-99-3.1 shall include that the principal place
of business is located on a different island. -Correct Answer ✔TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? -Correct
Answer ✔Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? -Correct Answer
✔First closing
Hawaii Real Estate
, Hawaii Real Estate
Which closing is legal title given in an Agreement of Sale? -Correct Answer ✔2nd closing,
as Equitable is given in the first closing.
Conveyand tax paid on Satisfaction of Agreement of Sale. T or F -Correct Answer ✔False.
It is paid on 1st closing when purchased initally. It is also paid when conveyed by a
General Warranty Deed.
Time share 7 right of recision allows who to cancel? -Correct Answer ✔buyer or seller
Time share 7 right of recision should be written or just oral? -Correct Answer ✔Both
written and oral.
time share acquisition agents who are not licensed as sales persons still must be
registered with the Commission as a time share acquisition agent. T or F -Correct Answer
✔TRUE
The maximum allowable rate for USERY loans (person to person) is -Correct Answer
✔1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the listing
agreement? -Correct Answer ✔365 days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for commercial,
then... -Correct Answer ✔6 inches residential, 9" agricultural, 18" conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet deposit if
applicable? -Correct Answer ✔No. The deposit must not exceed 1 months rent period.
Hawaii Real Estate
