HAWAII REAL ESTATE EXAM SCRIPT 2026
SOLVED QUESTIONS FULL SOLUTION
⩥ 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. 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.. 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.. Answer: TRUE
⩥ What kind of title does Vendee (buyer) initially receive in an
agreement of sale?. Answer: Equitable Title
⩥ Which closing is the conveyance tax paid in an agreement of sale?.
Answer: First closing
, ⩥ Which closing is legal title given in an Agreement of Sale?.
Answer: 2nd closing, as Equitable is given in the first closing.
⩥ Conveyand tax paid on Satisfaction of Agreement of Sale. T or F.
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?. Answer:
buyer or seller
⩥ Time share 7 right of recision should be written or just oral?.
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. Answer: TRUE
⩥ The maximum allowable rate for USERY loans (person to person)
is. Answer: 1%/month OR 12%/year
⩥ The agent of a distressed listing cannot have interest in it how long
after the listing agreement?. Answer: 365 days
SOLVED QUESTIONS FULL SOLUTION
⩥ 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. 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.. 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.. Answer: TRUE
⩥ What kind of title does Vendee (buyer) initially receive in an
agreement of sale?. Answer: Equitable Title
⩥ Which closing is the conveyance tax paid in an agreement of sale?.
Answer: First closing
, ⩥ Which closing is legal title given in an Agreement of Sale?.
Answer: 2nd closing, as Equitable is given in the first closing.
⩥ Conveyand tax paid on Satisfaction of Agreement of Sale. T or F.
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?. Answer:
buyer or seller
⩥ Time share 7 right of recision should be written or just oral?.
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. Answer: TRUE
⩥ The maximum allowable rate for USERY loans (person to person)
is. Answer: 1%/month OR 12%/year
⩥ The agent of a distressed listing cannot have interest in it how long
after the listing agreement?. Answer: 365 days
