HAWAII REAL ESTATE FINAL ASSESSMENT
2026 QUESTIONS WITH 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 QUESTIONS WITH 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
