Hawaii Real Estate Exam Practice Test Questions AND Correct Answers
Action of king Kamehameha over all land in Hawaii - ✔✔ Allowed citizens to
use the land but prohibited them from owning it
Affordable housing organizations in Hawaii - ✔✔ Hula Mae is designed to
offer competitive mortgage loans to eligible borrowers
Amended report submission requirement in Hawaii - ✔✔ Subsequent
purchasers
Application to real estate recovery fund in Hawaii - ✔✔ $25,000
Appropriate action for handling earnest money in Hawaii - ✔✔ Shawn turns
the check over to his broker for deposit into the firm's trust account
Appropriate level of supervision by a principal broker in Hawaii - ✔✔ Becca
reviews every contract generated by the licensees in her firm
Approval of special permit in Hawaii - ✔✔ The permit area is greater than 15
acres
Assistance for timeshare owners in Hawaii - ✔✔ Exchange agent
Benefit of property condition disclosure statement for home sellers in Hawaii
- ✔✔ The disclosure statement provides the seller with protection against
liability and potential legal action
Buyers' title in an agreement of sale - ✔✔ Equitable title until it's paid for
, Content in Section R of Hawaii's purchase contract - ✔✔ Licensing status in
listed property transaction
County with the lowest property tax rate in Hawaii - ✔✔ Maui County
Covenant related to land use classification or zoning change in Hawaii - ✔✔
This is a covenant that runs with the land
Customary items on Hawaii settlement statement - ✔✔ Seller pays lender's
title insurance, FIRPTA/HARPTA, and fees for recording the new deed
Difference between leasehold ownership and leasehold estate in Hawaii -
✔✔ Leasehold ownership refers to a ground lease; a leasehold estate is a
less-than freehold estate (tenancy)
Disclosure requirement for a real estate licensee in Hawaii - ✔✔ Sharlise will
be in violation of both Hawaii's statutes and ethics requirements if she fails
to disclose this
Disclosure requirement in Section R of Hawaii's purchase contract - ✔✔
Licensing status in listed property transaction
Disclosure-related actions required under Hawaii law - ✔✔ Sellers must
disclose all known material defects that may affect the transaction
Disclosures upon foreclosure in Hawaii - ✔✔ Tristan must disclose that he's
in pre-foreclosure
Action of king Kamehameha over all land in Hawaii - ✔✔ Allowed citizens to
use the land but prohibited them from owning it
Affordable housing organizations in Hawaii - ✔✔ Hula Mae is designed to
offer competitive mortgage loans to eligible borrowers
Amended report submission requirement in Hawaii - ✔✔ Subsequent
purchasers
Application to real estate recovery fund in Hawaii - ✔✔ $25,000
Appropriate action for handling earnest money in Hawaii - ✔✔ Shawn turns
the check over to his broker for deposit into the firm's trust account
Appropriate level of supervision by a principal broker in Hawaii - ✔✔ Becca
reviews every contract generated by the licensees in her firm
Approval of special permit in Hawaii - ✔✔ The permit area is greater than 15
acres
Assistance for timeshare owners in Hawaii - ✔✔ Exchange agent
Benefit of property condition disclosure statement for home sellers in Hawaii
- ✔✔ The disclosure statement provides the seller with protection against
liability and potential legal action
Buyers' title in an agreement of sale - ✔✔ Equitable title until it's paid for
, Content in Section R of Hawaii's purchase contract - ✔✔ Licensing status in
listed property transaction
County with the lowest property tax rate in Hawaii - ✔✔ Maui County
Covenant related to land use classification or zoning change in Hawaii - ✔✔
This is a covenant that runs with the land
Customary items on Hawaii settlement statement - ✔✔ Seller pays lender's
title insurance, FIRPTA/HARPTA, and fees for recording the new deed
Difference between leasehold ownership and leasehold estate in Hawaii -
✔✔ Leasehold ownership refers to a ground lease; a leasehold estate is a
less-than freehold estate (tenancy)
Disclosure requirement for a real estate licensee in Hawaii - ✔✔ Sharlise will
be in violation of both Hawaii's statutes and ethics requirements if she fails
to disclose this
Disclosure requirement in Section R of Hawaii's purchase contract - ✔✔
Licensing status in listed property transaction
Disclosure-related actions required under Hawaii law - ✔✔ Sellers must
disclose all known material defects that may affect the transaction
Disclosures upon foreclosure in Hawaii - ✔✔ Tristan must disclose that he's
in pre-foreclosure
