2024 Hawaii real estate exam study guide Graded A+

Four land divisions in correct sequence. - Answer-Division one - oahu Division Two - Maui Division three - Big Island, Division four - Kauai. What is an example of modular - Answer-Pre-fabricated buildings Blockbusting - Answer-Making you feel uncomfortable about who moved in your neighborhood Steering - Answer-Race not fitting in with another race. Land contract - Answer-Installment contract/agreement of sale Seller removed two speakers after the closing and to hold a letter to the attic is his mom. What kind of remediation can the buyer pursue. - Answer-Seller is liable, buyer can sue. Can seller's agent withhold money from seller's proceeds because the buyer is not satisfied with the buyer - seller agreement repair? - Answer-No, only escrow can withhold money The purpose of FHA? - Answer-Is to guarantee hi loan-to-value transaction. Stabilize the market insurance program. Does Hawaii statute cover fractional ownership? - Answer-Yes. Six owners or less. Why is planned development needed? - Answer-Make better use of the land. SMA stands for - Answer-Special management area Special management area is to protect - Answer-The ocean (wetlands).About Radon - Answer-Easy to detect cheap to fix Sets back vs zoning - Answer-Set back - 5 ft to 10 ft from Street zoning - resort, business, agricultural; controls what to do with lands. Who pays for drawing the deed? - Answer-Seller In a "as is" contract, does the seller still need to get full written disclosure. - Answer-Yes