Principles and Practices of Hawaiian Real Estate Questions
With Complete Solutions
"A" conveys property to "B" and "C" who are unrelated and not
joint tenants or reciprocal beneficiaries. "B" dies:
A) "C" is the sole owner
B) "B's" share goes to his heirs
C) Property reverted back to "A"
D) "E" comes into the picture Correct Answer B
"A" sells Sunny Brook to "B" who does not record the deed. "A"
then makes a gift of Sunny Brook to "C" by way of a deed
which "C" then records.
I. Since "C" recorded his deed before "B", "C" has better title to
Sunny Brook than "B"
II. "B" has better title than "C" since "C" is not a bona fide
purchaser for value
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer B
"Quieting a title" most nearly means:
A) To obtain title by adverse possession
B) To color a title
C) To mortgage the property
D) To settle a cloud on the title by court action Correct Answer
D
,"X" gives "Y" a check for $4,000 at the time "X" signs a
contract to purchase "Y's" real property. The terms of the
purchase are $95,000 sales price paid as follows: $30,000 in
cash from "X" and $65,000 by way of a first mortgage for 30
years at 10% interest. Which of the following terms best
describes the $30,000?
A) Down payment
B) Hard money
C) Earnest money deposit
D) Binder Correct Answer A
17-match questions Correct Answer
A & B are tenants in common. If B dies
I. A's interest in the property is unaffected
II. B's interest goes to A
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
A 30-year old lava rock wall that extends into your neighbor's
yard is considered to be a(n)
A) Illegal encroachment
B) Zoning violation
C) Adverse possession claim
D) Permitted de minimis structure position discrepancy Correct
Answer A
,A bank decides not to make a real estate loan to the groups
described below. Such refusal would be a violation of the
Federal Fair Housing law to which of the following groups:
I. Multiple families seeking to live in one residence
II. Three "hard rock" musicians, taking title as joint tenants
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer D
A binder given by a buyer in a real estate transaction:
I. May be withdrawn by the buyer any time before the seller
signs his acceptance
II. Must be in the form of money
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
A blanket mortgage:
I. Covers several parcels of land
II. Finances the furniture and appliances in a dwelling
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
, A broker agrees to give her sales people 55% of all sales
generated by them. One sales person sold a house for $126,000
and the total commission was 5 1/2%. What will the salesperson
earn?
A) $3,119
B) $3,465
C) $3,812
D) $4,158 Correct Answer C
(126,000 x 0.055 = 6,930)
(6,930 x 0.55 = 3,811.50)
A broker brought a buyer and seller together on a property deal
and opened an escrow with the $500.00 deposit. Later the buyer
and seller decided to rescind the contract and did so. How much
commission would the broker earn?
A) $500.00
B) $1250.00
C) Full commission
D) Nothing Correct Answer C
A broker may deposit into his client trust account:
I. A small amount of his money to keep his client's accounting
system open
II. His commission which has been paid to him
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
With Complete Solutions
"A" conveys property to "B" and "C" who are unrelated and not
joint tenants or reciprocal beneficiaries. "B" dies:
A) "C" is the sole owner
B) "B's" share goes to his heirs
C) Property reverted back to "A"
D) "E" comes into the picture Correct Answer B
"A" sells Sunny Brook to "B" who does not record the deed. "A"
then makes a gift of Sunny Brook to "C" by way of a deed
which "C" then records.
I. Since "C" recorded his deed before "B", "C" has better title to
Sunny Brook than "B"
II. "B" has better title than "C" since "C" is not a bona fide
purchaser for value
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer B
"Quieting a title" most nearly means:
A) To obtain title by adverse possession
B) To color a title
C) To mortgage the property
D) To settle a cloud on the title by court action Correct Answer
D
,"X" gives "Y" a check for $4,000 at the time "X" signs a
contract to purchase "Y's" real property. The terms of the
purchase are $95,000 sales price paid as follows: $30,000 in
cash from "X" and $65,000 by way of a first mortgage for 30
years at 10% interest. Which of the following terms best
describes the $30,000?
A) Down payment
B) Hard money
C) Earnest money deposit
D) Binder Correct Answer A
17-match questions Correct Answer
A & B are tenants in common. If B dies
I. A's interest in the property is unaffected
II. B's interest goes to A
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
A 30-year old lava rock wall that extends into your neighbor's
yard is considered to be a(n)
A) Illegal encroachment
B) Zoning violation
C) Adverse possession claim
D) Permitted de minimis structure position discrepancy Correct
Answer A
,A bank decides not to make a real estate loan to the groups
described below. Such refusal would be a violation of the
Federal Fair Housing law to which of the following groups:
I. Multiple families seeking to live in one residence
II. Three "hard rock" musicians, taking title as joint tenants
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer D
A binder given by a buyer in a real estate transaction:
I. May be withdrawn by the buyer any time before the seller
signs his acceptance
II. Must be in the form of money
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
A blanket mortgage:
I. Covers several parcels of land
II. Finances the furniture and appliances in a dwelling
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
, A broker agrees to give her sales people 55% of all sales
generated by them. One sales person sold a house for $126,000
and the total commission was 5 1/2%. What will the salesperson
earn?
A) $3,119
B) $3,465
C) $3,812
D) $4,158 Correct Answer C
(126,000 x 0.055 = 6,930)
(6,930 x 0.55 = 3,811.50)
A broker brought a buyer and seller together on a property deal
and opened an escrow with the $500.00 deposit. Later the buyer
and seller decided to rescind the contract and did so. How much
commission would the broker earn?
A) $500.00
B) $1250.00
C) Full commission
D) Nothing Correct Answer C
A broker may deposit into his client trust account:
I. A small amount of his money to keep his client's accounting
system open
II. His commission which has been paid to him
A) I only
B) II only
C) Both I and II
D) Neither I nor II Correct Answer A
