Academicmaterials

Luke just purchased a property for $325,000, which was over list price. The Hawaii County assessed property value is $318,000. He's eligible for a $40,000 homeowner exemption and other exemptions of $5,000. His GET for the year was $80. On what amount will his property tax be calculated? a.)$272,920 b.)$273,000 c.)$278,000 d.)$318,000 - b.)$273,000 **Jeanine sold her Kihei duplex to Carlton for $418,000, and closing is on May 16. Each unit rents for $530 per month. The tenants paid rent...

A prospective buyer made an offer to purchase a property. The owner responded with a counteroffer. While the buyer was reviewing the counteroffer, the owner received a better offer. The owner can accept the second offer if - the owner withdraws the counteroffer before it is accepted. Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price differ...

1) Which of the following is required to be licensed as a real estate broker? A) A residential real estate loan office B) A commercial escrow officer C) Both of the above D) None of the above - D) None of the above 2) The Real Estate Commission may revoke or suspend a license for which of the following? A) Acting for both the buyer and the seller in a real estate transaction and collecting commissions from both, after obtaining their oral consents to do so. B) An attempt by a salesperson...

These statements regarding restrictive covenants on real property are all true, EXCEPT: A) They run with the land B) They are enforceable in a court of equity unless contrary to public opinion C) They are limited to a specific time period D) They may be removed from the record without legal action - C) They are limited to a specific time period Restrictive covenants are usually not limited to a time period and runs with the life of the land. The MOST important factor in determining whethe...

Under the residential disclosure law, a licensee would most likely A. Personally search the police records on the Internet for the name of any convicted sex offenders who live in the area where a buyer client is considering buying a home. B. Inform a seller client that he has a duty to disclose any certain knowledge he has of a convicted sex offender living next door to his listed home. C. Knock on all the doors on the streets where he has listings and inquire as to whether or not any conv...

The Real Estate Commission is the state agency empowered to grant licenses, issue rules and regulations, and generally monitor the licensing laws. - True. A real estate salesperson intending to take the broker's exam may prorate her part-time sales experience in applying for her experience certificate. - False You can work for more than one broker in Hawaii, provided you obtain permission from both in writing. - False In a partnership engaged in real estate brokerage, every active partner...

All of the following are true about Hawaii Discrimination Law EXCEPT that: A) It broadly covers all real estate transactions, including residential, industrial, and commercial. B) There is an exemption allowing discriminatory practice in the sale of a single family house when the owner does not use a real estate agent and does not use discriminatory advertising C) A written complaint must be filed with the Hawaii Civil Rights Commission within 180 days D) There is a rental exemption for an ...

Adult Day Care - A program for impaired adults that attempts to meet their health, social, and functional needs in a setting away from their homes. Application - A document that provides information for underwriting purposes. After the policy is issued, any unanswered questions are considered waived by the insurer. Accumulation Period - The time before an annuitant's retirement during which the annuitant is making payments or investments in an annuity. Accelerated Benefits - Riders attach...

Material Misrepresentation - - a false statement that changes the outcome of issuing a policy - generally with the health statement Surplus Lines - any type of insurance for which there is no available market within the state, and the coverage must be placed with a non admitted insurer Mutual Insurer - An insurer that is owned by its policyholders and formed as a corporation for the purpose of providing insurance to them.- Non Taxable dividends & Participating Polcies Insurance - Transfer ...

Declar Terrorism Risk Insurance Act (TRIA) - 'Act of terrorism' must be violent in nature, result in damage within US, committed by someone on behalf of foreign person or interest, and produce p&c loss of $100 mil/ 50 plus lives ations - Personalized a policy- includes name and address, type and location of property, coverage limit, annual premium, deductible, policy period, name of mortgagee, policy number, company officer name signature and stamp Agreement - The offer and acceptance C...

Reinsurance - an insurance company (the ceding company) paying another insurance company (reinsurer) to take some of the company's risk •Reinsurers help spread the insurer's risk CANHAM - Elements of an insurable risk C - Calculable A - Affordable N - Non-catasrophic H - Homogenous A - Accidental M - Measurable Insurance - Transfer of risk from a person or business to an insurer Risk - Uncertainty / Possibility of a loss Exposure - Risks for which the insurance company would be l...

Bankruptcy - A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). Benefits - Include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.[1] In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a 'salary packaging' or...

Credit Card - A plastic card that can be used by the holder to make purchases or obtain cash advances using a line of credit made available by the card-issuing financial institution. Career - A life-work chosen by a person to use personal talent, provide some service or goods, earn money, and contribute to society. Charitable Giving - A gift made by an individual or an organization to a nonprofit organization, charity or private foundation. Charitable donations are commonly in the form of c...

Deposits - *Must deliver to the broker and deposit earnest money (or any money) into a trust account either*: • within 3 business days or • within 4 calendar days after acceptance as stated in the REPC, or as otherwise noted in the REPC. Broker will have a non-interest bearing trust account and an interest bearing trust account. The interest on the one account will go to the Utah Affordable Housing program. *Must be reconciled monthly* *Unlimited number of trust accounts* Real Estate...

ammortized loan - A loan that you "kill" away by paying it back but by bit Rule of 72 - The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest. Central Banking System - A nation's central bank that is established to regulate the money supply and oversee the nation's banks. In the United States the Federal Reserve is the central bank. A house payment - Principle, interest, property taxes, and insurance compound interest...

Certificate of Deposit (CD) - A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate, and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC. The term of a CD generally ranges from one month to five years. Bank - A financial institution licensed as a receiver of deposits. There are two types of banks: commercial/retail banks and investment banks. In most countries, b...

The two Hs gained from FAD turning into FADH2 can be brought to the electron transport chain and cashed in for how many ATP? - 2 ATPs!! What happens with hydrogen amounts during oxidation/reduction? - OIL RIG (Oxidation LOSE hydrogen) Reduction (GAIN hydrogen) What are the different types of B vitamins? - B1: Thiamin, B2: Riboflavin, B3: Niacin, B5: Panthotenic Acid, B6: Pyridoxine, B7: Biotin, B9: Folic Acid, B12: Cyanocobalamine, These Ribs Need PaPys B*tchin Food Cyanide Coenzymes are ...

The segmental contact point is on the _____ side of the SP for a PLI-SP L5 listing. The lumbar convexity is on the _____ - left, left There is a right lumbar scoliosis with a L5 open wedge on the right. The L5 SP has rotated into the concavity of the scoliosis. Listing is - PLI-M The concavity of the scoliosis on the left with the open wedge on the right. The SP went right. Name the listing. - PRS The contact point for a PLS-M listing with a scoliosis convexity to the right is - right mam ...

The anterior pituitary is derived from a pinch of ectoderm from the back of the throat, famously known as? - Rathke's Pouch Embryologically speaking, what are epidermis, hair, sweat glands and all neurons of the CNS derived from? - Ectoderm What secondary developmental division of the brain does the Aqueduct of Sylvius traverse? - Mesencephalon All thalamic structures are part what secondary developmental division of the brain? - Diencephalon The midbrain, including the oculomotor compl...

Which of the following pulses can be palpated just proximal to the hypothenar pad? Brachial Subclavian Radial Ulnar - Ulnar The head of he fibula articulates with which of the following? Lateral Condyle of the femur Base of the Talus Base of the Patella Lateral Condyle of the Tibia - Lateral Condyle of the Tibia Fibrocartilage unites bone in which of the following articulations? Hinge Symphysis Suture Saddle Joint - Symphysis Which of the following taste buds are the largest and f...