Hawaii State Real Estate Questions and
Answers Best rated A+ Guaranteed
Success Latest Update
Name the additional rotective groups Hawaii's discrimination law has that the Federal
Fair House Law excludes. - Correct Answer-ancestry, disability, age, HIV infection, and
use of guide or signal dog or service animal.
Of the common protected classes in the Federal Fair Housing and Hawaii
Discrimination Laws, how do they differ in scope or the type of transactions covered? -
Correct Answer-Federal applies to housing only, Hawaii Discrimination laws apply to all
Real Estate transactions.
According to the Hawaii discrimination laws, how long does one have to file? - Correct
Answer-180 days for Hawaii Law. Note the Federal law allows 2 years.
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. - Correct Answer-TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? -
Correct Answer-Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? - Correct Answer-
First closing
Which closing is legal title given in an Agreement of Sale? - Correct Answer-2nd
closing, as Equitable is given in the first closing.
Conveyand tax paid on Satisfaction of Agreement of Sale. T or F - Correct 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? - Correct Answer-buyer or seller
Time share 7 right of recision should be written or just oral? - Correct Answer-Both
written and oral.
, lands extending inland from the shoreline as delineated on the maps filed with the
counties - Correct Answer-Special Management Area (SMA)
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 - Correct 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. - Correct Answer-TRUE
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 - Correct
Answer-TRUE
The maximum allowable rate for USERY loans (person to person) is - Correct Answer-
1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the listing
agreement? - Correct Answer-365 days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for commercial,
then... - Correct Answer-6 inches residential, 9" agricultural, 18" conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet deposit if
applicable? - Correct Answer-No. The deposit must not exceed 1 months rent period.
How do are private clubs allowed different exemptions in Federal law vs Hawaii? -
Correct Answer-Federal law allows discrimination for private clubs. Hawaiian law does
not exempt such private clubs.
To create a condominium, a developer shall execute and record a ______ together with
a master deed or lease of the property, bylaws and a condominium property map. It is
the most important document in the creation of a condominium. - Correct Answer-
declaration
Uniform Land Sales Practices Act (ULSPA) allows how many days for the purchaser to
rescind the purchase? - Correct Answer-7 days.
Condo bylaws take what percentage to change amendments? - Correct Answer-67% of
unit owners
Answers Best rated A+ Guaranteed
Success Latest Update
Name the additional rotective groups Hawaii's discrimination law has that the Federal
Fair House Law excludes. - Correct Answer-ancestry, disability, age, HIV infection, and
use of guide or signal dog or service animal.
Of the common protected classes in the Federal Fair Housing and Hawaii
Discrimination Laws, how do they differ in scope or the type of transactions covered? -
Correct Answer-Federal applies to housing only, Hawaii Discrimination laws apply to all
Real Estate transactions.
According to the Hawaii discrimination laws, how long does one have to file? - Correct
Answer-180 days for Hawaii Law. Note the Federal law allows 2 years.
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. - Correct Answer-TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? -
Correct Answer-Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? - Correct Answer-
First closing
Which closing is legal title given in an Agreement of Sale? - Correct Answer-2nd
closing, as Equitable is given in the first closing.
Conveyand tax paid on Satisfaction of Agreement of Sale. T or F - Correct 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? - Correct Answer-buyer or seller
Time share 7 right of recision should be written or just oral? - Correct Answer-Both
written and oral.
, lands extending inland from the shoreline as delineated on the maps filed with the
counties - Correct Answer-Special Management Area (SMA)
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 - Correct 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. - Correct Answer-TRUE
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 - Correct
Answer-TRUE
The maximum allowable rate for USERY loans (person to person) is - Correct Answer-
1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the listing
agreement? - Correct Answer-365 days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for commercial,
then... - Correct Answer-6 inches residential, 9" agricultural, 18" conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet deposit if
applicable? - Correct Answer-No. The deposit must not exceed 1 months rent period.
How do are private clubs allowed different exemptions in Federal law vs Hawaii? -
Correct Answer-Federal law allows discrimination for private clubs. Hawaiian law does
not exempt such private clubs.
To create a condominium, a developer shall execute and record a ______ together with
a master deed or lease of the property, bylaws and a condominium property map. It is
the most important document in the creation of a condominium. - Correct Answer-
declaration
Uniform Land Sales Practices Act (ULSPA) allows how many days for the purchaser to
rescind the purchase? - Correct Answer-7 days.
Condo bylaws take what percentage to change amendments? - Correct Answer-67% of
unit owners
