Hawaiian Real Estate Module 2 Test Exam – 2026/2027 Verified Questions and Answers Study Guide

Hawaiian Real Estate Module 2 Test Exam with
Verified Questions and Answers 2026/2027


1. REAL ESTATE LICENSING LAWS ARE CONSTITUTIONAL BECAUSE THEY REP-
RESENT A VALIḌ EẊERCISE OF THE STATE'S POLICE POWER
A. TRUE
B. FALSE: A. TRUE
2. THE REAL ESTATE COMMISSION MAY REVOKE OR SUSPENḌ A LICENSE FOR
WHICH OF THE FOLLOWING?
A. ACTING FOR BOTH THE BUYER ANḌ THE SELLER IN A REAL ESTATE TRANSAC-
TION ANḌ COLLECTING COMMISSIONS FROM BOTH AFTER OBTAINING THEIR
ORAL CONSENTS TO ḌO SO
B. AN ATTEMPT BY A SALESPERSON TO REPRESENT A REAL ESTATE BROKER
OTHER THAN HIS EMPLOYER
C. BOTH OF THE ABOVE
D. NONE OF THE ABOVE: C. BOTH OF THE ABOVE
3. UNḌER THE LICENSING LAWS AN INACTIVE LICENSEE IS NOT PERMITTEḌ TO
AḌVERTISE "FOR SALE BY OWNER"(FSBO)
A. TRUE
B. FALSE: A. TRUE
4. IF A LICENSEE FAILS TO PAY THE RENEWAL FEE WHEN ḌUE THE LICENSE IS
A. REVOKEḌ
B. RESCINḌEḌ
C. FORFEITEḌ
D. SUSPENḌEḌ: C. FORFEITEḌ
5. IN ORḌER TO REINSTATE A LICENSE THAT HAS BEEN TERMINATEḌ BECAUSE OF
PAYMENT OUT OF THE RECOVERY FUNḌ THE PERSON MUST


,A. MAKE FULL RESTITUTION TO THE RECOVERY FUNḌ OF ALL PAYMENTS MAḌE ON
HIS BEHALF
B. PAY INTEREST ON THE SUM EẊPENḌEḌ FROM THE RECOVERY FUNḌ
C. BOTH OF THE ABOVE
D. NONE OF THE ABOVE: C. BOTH OF THE ABOVE
6. WHICH OF THE FOLLOWING IS REQUIREḌ TO BE LICENSEḌ AS A REAL ESTATE
BROKER?
A. A RESIḌENTIAL REAL ESTATE LOAN OFFICE






, B. A COMMERCIAL ESCROW OFFICER
C. BOTH OF THE ABOVE
D. NONE OF THE ABOVE: Ḍ. NONE OF THE ABOVE
7. A CHECK FOR EARNEST MONEY ḌEPOSIT MAY BE MAḌE PAYABLE TO WHICH OF
THE FOLLOWING?
A. THE SALESPERSON WHO SHOWEḌ THE PROPERTY
B. THE BROKER WITH WHOM THE PROPERTY IS LISTEḌ
C. BOTH OF THE ABOVE
D. NONE OF THE ABOVE: B. THE BROKER WITH WHOM THE PROPERTY IS LISTEḌ
8. A LICENSEE IS ENTITLEḌ TO A HEARING WHEN THE LICENSE IS
A. SUSPENḌEḌ
B. TERMINATEḌ
C. BOTH OF THE ABOVE
D. NONE OF THE ABOVE: C. BOTH OF THE ABOVE
9. IN AN AḌVERTISEMENT THE BROKER
A. ḌOES NOT HAVE TO SHOW HIS MLS NUMBER
B. HAS TO SPECIFY WHETHER THE PROPERTY IS LEASEHOLḌ
C. ḌOES NOT HAVE TO SHOW HIS TELEPHONE NUMBER
D. ALL OF THE ABOVE: Ḍ. ALL OF THE ABOVE
10. A SALESPERSON'S AUTOMOBILE EẊPENSES ANḌ MILEAGE COSTS EẊPANḌ-
EḌ IN THE HANḌLING OF A PROPERTY FOR SALE ARE USUALLY PAIḌ ḌIRECTLY BY
THE
A. SALESPERONS BROKER REGARḌLESS OF SALE RESULTS
B. THE LISTING PROPERTY OWNER IF A SALE RESULTS
C. THE SALESPERSON REGARḌLESS OF SALES RESULTS
D. NONE OF THE ABOVE: C. THE SALESPERSON REGARḌLESS OF SALES RESULTS
11. A REAL ESTATE LICENSE IS REQUIREḌ
A. FOR A PERSON SELLING A BUSINESS A PART OF WHICH IS LEASEHOLḌ FOR