HAWAII REAL ESTATE FINAL PAPER
2026 TEST PAPER QUESTIONS AND
SOLUTIONS GRADED A+
⩥ What is UCC? Answer: Uniform Commercial Code- it's a legal
form a creditor files to give notice that it may have interest in personal
property of debtor. Gives public notice of right to take possession of
and sell property for repayment.
Can also be security or financing agreement, bulk sales, business opp
or direct taxation.
⩥ Tenancy in entirety is same as? Answer: Reciprocal beneficiaries
⩥ Land trust Answer: People use it for privacy and to avoid probate.
Allows property to pass to owners heirs vs probate.
Property taxes lower
Judgements or liens(such as IRS liens) can not be used against their
land trust property.
,⩥ Prescriptive easement Answer: An Easement on another persons
property acquired by continued use w/out permission of owner for a
period provided by state law.
⩥ Easement Answer: A right, privilege or interest which one party
has of another's land.
⩥ Easement by necessity Answer: When absolutely necessary for the
reasonable use of the property. Servient provides easement and
dominant has access to where it's located.
⩥ 2 types of easement Answer: Easement in gross (gov or public
utility)
Easement appurtenant: its permanent and runs with the land
⩥ Adverse possession Answer: A process where premises can change
ownership in title, without permission or prior relationship with
owner.
For 20 years or more, unless owner re enters .
⩥ How many types of agency choices are there? Answer: Single-
represents one
Dual-represents both seller n buyer
Sub-agent- principal broker is
, ⩥ How many times do you have to disclose? Answer: 3 times- agent
preparing listing contract for seller
- agent producing buyer to disclose who he represents
-agent of of buyer must tell seller then listing broker
⩥ How many times do you have to disclose? Answer: 3 times- time
broker obtains the listing
-prior to preparing a contract between buyer and seller
-prior to presenting a contract between the buyer n seller to seller
⩥ Termination of agency Answer: 1- mutual agreement
2-accomplishment of agency
3-expiration of an agreed upon time limit
4-death ,insanity, bankruptcy of broker(agent)
5-destruction of subject matter
6-change of law making agency illegal
⩥ Contractual ability Answer: All parties must be sound mind and of
legal capacity- no minors, mental defective, or intoxicated
⩥ Encroachment Answer: A building or fixture that intrudes partly or
wholly upon the property of another
2026 TEST PAPER QUESTIONS AND
SOLUTIONS GRADED A+
⩥ What is UCC? Answer: Uniform Commercial Code- it's a legal
form a creditor files to give notice that it may have interest in personal
property of debtor. Gives public notice of right to take possession of
and sell property for repayment.
Can also be security or financing agreement, bulk sales, business opp
or direct taxation.
⩥ Tenancy in entirety is same as? Answer: Reciprocal beneficiaries
⩥ Land trust Answer: People use it for privacy and to avoid probate.
Allows property to pass to owners heirs vs probate.
Property taxes lower
Judgements or liens(such as IRS liens) can not be used against their
land trust property.
,⩥ Prescriptive easement Answer: An Easement on another persons
property acquired by continued use w/out permission of owner for a
period provided by state law.
⩥ Easement Answer: A right, privilege or interest which one party
has of another's land.
⩥ Easement by necessity Answer: When absolutely necessary for the
reasonable use of the property. Servient provides easement and
dominant has access to where it's located.
⩥ 2 types of easement Answer: Easement in gross (gov or public
utility)
Easement appurtenant: its permanent and runs with the land
⩥ Adverse possession Answer: A process where premises can change
ownership in title, without permission or prior relationship with
owner.
For 20 years or more, unless owner re enters .
⩥ How many types of agency choices are there? Answer: Single-
represents one
Dual-represents both seller n buyer
Sub-agent- principal broker is
, ⩥ How many times do you have to disclose? Answer: 3 times- agent
preparing listing contract for seller
- agent producing buyer to disclose who he represents
-agent of of buyer must tell seller then listing broker
⩥ How many times do you have to disclose? Answer: 3 times- time
broker obtains the listing
-prior to preparing a contract between buyer and seller
-prior to presenting a contract between the buyer n seller to seller
⩥ Termination of agency Answer: 1- mutual agreement
2-accomplishment of agency
3-expiration of an agreed upon time limit
4-death ,insanity, bankruptcy of broker(agent)
5-destruction of subject matter
6-change of law making agency illegal
⩥ Contractual ability Answer: All parties must be sound mind and of
legal capacity- no minors, mental defective, or intoxicated
⩥ Encroachment Answer: A building or fixture that intrudes partly or
wholly upon the property of another
