Hawaii Real Estate Exam Questions and Answers Already Passed

Hawaii Revised Statutes include specific chapter on all of the following forms of property ownership EXCEPT: A. Timeshares B. Cooperative housing C. Fractional ownership D. Planned communities C. Fractional ownership Client trust funds shall be placed into the brokerage trust account: A. On the day of receipt B. By the next calendar day following receipt C. By the next business day following receipt D. Within three business days following receipt C. By the next business day following receipt In a 1031 tax deferred exchange transaction of Hawaii properties, conveyance tax would be due on which of the following? A. Both properties B. Only the replacement property C. Only the relinquished property D. Neither property, since the conveyance is for “like kind properties” A. Both properties