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Hawaii Real Estate Exam Review Questions and Answers, Exams of Nursing

A comprehensive set of questions and answers for hawaii real estate exam preparation. it covers various aspects of land ownership, probate law, land trusts, partnerships in real estate, subdivision regulations, condominiums, timeshares, and mechanics liens. The questions test knowledge of hawaii-specific laws and regulations, making it a valuable resource for those studying for the real estate exam.

Typology: Exams

2024/2025

Available from 04/18/2025

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Hawaii Real Estate Exam Review Questions and Correct Answers
1. Land ownership docuents are recorded in the public record at: Bureau of
Conveyances in Honolulu
2. The land classification containing the sallest aount of land state-wide is: Rural
3. A division of land extending fro the top of the ountain to the ocean is called:
Ahupua'a
4. A husband or wife ay clai a 1/3 elective share of the other's estate at the decedent's
death under what code?: Under Hawaii's Unifor Probate Code for properties sold after
July 1, 1977.
5. Under Hawaii's Unifor Probate Code, how uch can a spouse clai at the decedent's
death?: 1/3 elective share for properties sold after July 1, 1977.
6. Jackson Hillario exercised his right of election when his wife died and left everything to
her ex- husband. Will he receive real, personal, or nothing, or both? How uch?: a portion
of both her real and personal property, depending on how long they were arried.
7. At least one eber of the board of directors of a Hawaii corporation ust be:: a
resident of Hawaii.
8. T or F: A benefit of placing real property in a land trust ay be that it avoids ancillary
probate for non-residents.: True.
9. T or F: A benefit of placing real property in a land trust ay be that it allows the property
to be registered in Land Court.: False.
10. T or F: A benefit of placing real property in a land trust ay be that it serves as an
alternative to an agreeent of sale.: True.
11. T or F: A benefit of placing real property in a land trust ay be that it prevents
partitioning.: True.
12. The beneficial interest of the owner of real property held in a land trust is considered
what kind of property?: Personal property
13. T or F: In Hawaii a partnership which participates in real estate dealings as part of its
business ust have an individual licensed broker designated as the principal broker of
the brokerage business.: True.
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Hawaii Real Estate Exam Review Questions and Correct Answers

  1. Land ownership docu ents are recorded in the public record at: Bureau of Conveyances in Honolulu
  2. The land classification containing the s allest a ount of land state-wide is: Rural
  3. A division of land extending fro the top of the ountain to the ocean is called: Ahupua'a
  4. A husband or wife ay clai a 1/3 elective share of the other's estate at the decedent's death under what code?: Under Hawaii's Uniforṃ Probate Code for properties sold after July 1, 1977.
  5. Under Hawaii's Unifor Probate Code, how uch can a spouse clai at the decedent's death?: 1/3 elective share for properties sold after July 1, 1977.
  6. Jackson Hillario exercised his right of election when his wife died and left everything to her ex- husband. Will he receive real, personal, or nothing, or both? How uch?: a portion of both her real and personal property, depending on how long they were ṃarried.
  7. At least one e ber of the board of directors of a Hawaii corporation ust be:: a resident of Hawaii.
  8. T or F: A benefit of placing real property in a land trust ay be that it avoids ancillary probate for non-residents.: True.
  9. T or F: A benefit of placing real property in a land trust ay be that it allows the property to be registered in Land Court.: False.
  10. T or F: A benefit of placing real property in a land trust ay be that it serves as an alternative to an agree ent of sale.: True.
  11. T or F: A benefit of placing real property in a land trust ay be that it prevents partitioning.: True.
  12. The beneficial interest of the owner of real property held in a land trust is considered what kind of property?: Personal property
  13. T or F: In Hawaii a partnership which participates in real estate dealings as part of its business ust have an individual licensed broker designated as the principal broker of the brokerage business.: True.
  1. T or F: In Hawaii a partnership which participates in real estate dealings as part of its business ust have all e bers of the partnership licensed, with one as a licensed broker in charge of the brokerage business.: False. It ṃust have an individual licensed broker designated as the principal broker of the brokerage business.
  2. T or F: In Hawaii a partnership which participates in real estate dealings as part of its business ust have all persons involved in the brokerage aspects of the business licensed as brokers.: False. It ṃust have an individual licensed broker designated as the principal broker of the brokerage business.

coṃṃon eleṃents.

  1. If Sally purchases a "vacation license," she is buying a:: Tiṃe share unit
  2. T or F: An individual owner in a condo iniu can nor ally attend annual owners association eetings.: True.
  3. According to the ti e share law, an exchange agent is a person who:: op- erates an exchange prograṃ.
  1. T or F: Ti e share acquisition agents who are not licensed as sales persons ust be registered with the Co ṃṃ ission as a ti e share acquisition agent.: True.
  2. T or F: Ti e share acquisition agents who are not licensed as sales persons ust be licensed as a real estate salesperson or broker.: False.
  3. A utual right to cancel by either buyer or seller is:: TS7-RoR...tiṃe share 7 day right of recision.
  4. T or F: The ti e share 7 day right of recision ust be written, oral, and clearly stated.: True.
  5. A parking stall would be a good exa ple of what kind of ele ent in a condo ini u ?: A liṃited coṃṃon eleṃent.
  6. T or F: Unless otherwise stated in the declaration or bylaws, co ṃṃ on profits are distributed to the unit owners in proportion to the co ṃṃ on interest appurtenant to their respective units.: True.
  7. T or F: Unless otherwise stated in the declaration or bylaws, co ṃṃ on profits are retained by the condo iniu board of directors against future projected expenses.: False. They are distributed to the unit owners in proportion to the coṃṃon interest appurtenant to their respective units.
  8. T or F: Unless otherwise stated in the declaration or bylaws, co ṃṃ on profits are distributed to the unit owners according to their individual usage of the co ṃṃ on ele ents.: False.They are distributed to the unit owners in proportion to the coṃṃon interest appurtenant to their respective units.
  9. A project ay be re oved fro the CPR by what vote?: Agreeṃent of the unit owners of 80% of the coṃṃon interest.
  10. T or F: Individual condo unit owners ay insure their units separately.: - True.
  11. T or F: A ho eowner exe ption on real property taxes is not available on condo iniu s.: False.
  12. T or F: Real property taxes are assessed on the entire project and prorated according to each unit owner's percent of co ṃṃ on interest.: False.
  13. Ownership of a cooperative apart ent is by way of:: a proprietary lease.
  14. One feature of ownership shared by condo iniu s and co-op regarding land is::
  1. T or F: The e bers of a board of directors of a condo iniu and a real estate licensee are both e powered to ake ajor decisions on behalf of their association or principal.: False.They both have a fiduciary duty to their association or principal.
  2. T or F: When a leasehold condo iniu is converted to fee si ple land ownership the owner/lessor of the land ust first offer the association a first right of refusal to buy the fee si ple interest.: True.
  3. T or F: When a leasehold condo iniu is converted to fee si ple land ownership the association has 120 days to accept or reject the offer.: True.
  4. T or F: When a leasehold condo iniu is converted to fee si ple land ownership seventy-five percent of the unit owners ust vote to approve the purchase.: True.
  5. T or F: When converting an existing rental property to a condo iniu the existing tenants ust be given the first right of refusal to purchase their units in fee si ple.: True.
  6. T or F: When converting an existing rental property to a condo iniu the existing tenants have the first right of refusal only if they are current on their rent pay ents.: False.
  7. T or F: When converting an existing rental property to a condo iniu under the anti- discri ination laws, the tenants have no greater rights than the general public to purchase the units.: False.
  8. According to ti e share law, when a prospect is given a gift to induce hi to attend a ti e share presentation, the presenter ust give the gift to the prospect when?: prior to or at the beginning of the presentation.
  9. The priority of a echanic's lien depends on the:: date on which work coṃṃenced.
  10. What or who ulti ately deter ines the seaward property line of an ocean- front property in Hawaii?: Upper reaches of the wash of the waves.
  11. If a contractor skipped town and did not pay the roofer for his work, the roofer could file:: a ṃechanic's lien
  12. Once a aterial an's lien has been paid off, what should the owner do:: File a satisfaction of lien
  13. T or F: A echanic's lien filed for record today for work co ṃṃ enced two weeks ago has priority over a ortgage filed five days ago.: True. The priority of a ṃechanic's lien

depends on the date on which work coṃṃenced.

  1. T or F: A echanic's lien filed for record today for work co ṃṃ enced two weeks ago has priority over a second ortgage recorded three days ago.: True. The priority of a ṃechanic's lien depends on the date on which work coṃṃenced.

private property, the appropriate govern ent agency ay enter the property to control or eradicate the offending plant after reasonable notice is given to the property owner.: True.

  1. T or F: Regarding a judg ent lien in Hawaii, the encu brance on the property is re oved when the debt is paid, the debtor files a satisfaction of lien and the satisfaction of lien is recorded.: True.
  1. T or F: Regarding a judg ent lien in Hawaii, in order to be effective the lien ust be recorded with reference to a specific piece of real property.: True.
  2. T or F: Regarding a judg ent lien in Hawaii, the statutory ti e li it for a judg ent lien is 10 years.: True.
  3. T or F: In order to acquire a right in the land of another by prescriptive ease ent in Hawaii, hostile use ust occurr.: True.
  4. T or F: In order to acquire a right in the land of another by prescriptive ease ent in Hawaii, open, notorious and visible use ust occurr.: True.
  5. T or F: In order to acquire a right in the land of another by prescriptive ease ent in Hawaii, continuous and uninterrupted use for 20 years ust occurr.: True.
  6. T or F: In order to acquire a right in the land of another by prescriptive ease ent in Hawaii, per ission of the owner ust occurr.: False.
  7. T or F: Regarding independant contractors, co pensation is based on perfor ance, not hours worked.: True.
  8. The duties that live forever after ter ination of an agency relationship are the duties of:: confidentiality and accounting
  9. T or F: A sales an who is an independent contractor should obtain a general excise tax license.: True.
  10. T or F: A sales an who is an independent contractor should file esti ated quarterly inco e taxes.: True.
  11. T or F: A sales an who is an independent contractor should adhere without exception to the broker's schedule for floor duty, prospecting, and open houses.: False.
  12. Ka a'aina Kokua Realty has entered into signed agency agree ents with both Seller A and Buyer B. Buyer B is interested in purchasing Seller A's prop- erty. Is Ka a'aina Kokua Realty allowed to facilitate this transaction?: Yes, if both Buyer and Seller give their written consent to the dual agency.
  13. T or F: A general agent has broad authority to act on behalf of his principal, while a specific agent is authorized only to perfor specific tasks for his principal.: True.
  14. In order to enter into a legally enforceable contract in Hawaii, a person ust be at least how old?: 18 years old

addressed representation, either orally or in writing.What type of agency does agent A have with agent B?: iṃplied agency.

  1. T or F: Prior to presenting an offer to an unlisted seller (FSBO), the broker ust disclose to the seller whether the broker represents the buyer or the seller.: True.
  2. T or F: Per the Hawaii Statute of Frauds, a buyer agency agree ent is unenforceable if not in writing and signed by both parties.: True.
  3. T or F: Per the Hawaii Statute of Frauds, a buyer agency agree ent ust always be used when representing a buyer.: False.
  4. T or F: Prior to preparing an offer on behalf of a buyer, the selling sales agent ust disclose at least once to the buyer, orally or in writing, which party he represents.: True.
  5. T or F: Prior to preparing an offer on behalf of a buyer, the selling sales agent ust disclose at least once to the buyer, in writing, which party he represents.: False. orally OR in writing.
  6. Agency disclosure is A. required by Hawaii law. B. a "best practice" to keep everything above board. C. required only in a dual agency situation. D. required only of listing brokers.: A. required by Hawaii law.
  7. Which of the following would NOT be considered a custo er? A. A poten- tial tenant, when the agent is e ployed to lease and anage rental property. B. An owner of listed property, when the agent is a buyer's agent. C. A potential buyer who attend an open house, when the agent is the listing agent. D. A potential buyer who engages an agent on floor duty to show her a listed property.: D. A potential buyer who engages an agent on floor duty to show her a listed property.
  8. An agree ent of sale transaction requires two closings, one for posses- sion and one for title. Which charge is not included in both closings? A. Title search B. Escrow fee C. Preparation of docu ents D. Conveyance tax: D. Conveyance tax
  9. When r. Fusato buys a condo by way of an agree ent of sale he receives all but which one: A. Equitable title B. Possession C. e bership in the ho eowners association D. Legal title: D. Legal title
  10. John Free ont, buyer, could NOT cancel his Purchase Contract and expect to have his

earnest oney deposit returned by: A. Disapproving the disclosure state ent B. Disapproving the property inspection C. Failure to receive loan approval D. Dying: D. Dying

  1. Joseph Jehosaphat refused to provide a disclosure state ent when he accepted an offer on his personal residence. What should his agent do? A. Report hi to the Real Estate Co ṃṃ ission. B. Provide a written notice to the
  1. Under the 1997 Hawaii law regarding "de ini us" structure position discrepancies" in residential property, which of the following would NOT be considered an encroach ent? A. A Swi ṃṃ ing pool that was built 1 foot into the neighbor's property. B. The corner of a roof that overhangs 9 inches onto a neighbor's yard. C. A chain link fence that crosses the next door back yard four inches beyond the boundary. D. A driveway that overruns the county right

of way by 2 inches.: C. A chain link fence that crosses the next door back yard four inches beyond the boundary.

  1. Under egan's Law, A. a licensee would ost likely personally search the police records on the Internet for the na es of any convicted sex offenders who live in the area where a buyer client is considering B.ying a ho e. B. neither the seller nor the licensee is required to obtain infor ation regarding sex offenders. C. a licensee should knock on all the doors on the streets where she has listings and inquire as to whether or not any convicted sex offenders live there. D. a seller has full disclosure responsibilities under egan's Law.: B. neither the seller nor the licensee is required to obtain inforṃation regarding sex offenders.
  2. The statute of li itations on undisclosed defects in a residential real property transaction, provided the seller acted in good faith and provided the state ent, is: A. Two years fro the discovery of the defect. B. Two years after closing. C. Two years fro the date the buyer received the disclosure state ent. D. Two years after acceptance of the Purchase Contract.: C. Two years froṃ the date the buyer received the disclosure stateṃent.
  3. All of the following pairs of standard Purchase Contract ter s are utu- ally exclusive (i.e., you ust choose one or the other) EXCEPT: A. Survey AND Staking. B. Unilateral one-ti e right to extend closing date AND Ti e is of the Essence. C. ediation AND Arbitration D. Buyer to earn interest on deposits AND Buyer not to earn interest.: C. Ṃediation AND Arbitration
  4. Which of the following is NOT addressed by a standard ter of the Purchase Contract? A. Buyer's right to inspect the property after acceptance. B.Ter ite inspection and treat ent. C. Pet related treat ent. D.Tenant's rights regarding notice of eviction.: D. Tenant's rights regarding notice of eviction.
  5. Which of the following is NOT provided to the buyer at closing, per the Purchase Contract? A. Keys B. Possession C. arketable title D. Preli inary title report: D. Preliṃinary title report
  6. Which of the following is entioned in the Purchase Contract, but left open to negotiation if and when the situation arises? A. Proration of existing assess ents between the buyer and the seller. B. Transfer of the tenant's security deposit fro seller to

sex offenders who live in the area where a buyer client is considering buying a ho e. B. Infor 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 ho e. C. Knock on all the doors on the streets where he has listings and inquire as to whether or not any C.nvicted sex offenders live there. D. A licensee has no responsibilities under the residential disclosure law.: B. Inforṃ 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 hoṃe.

  1. Regarding an Exclusive Right To Sell Listing Agree ent, which is NOT true? A. It ust be signed by all owners of record and the listing broker. B. It ust be dated. C. The seller ust accept any full price offer that eets all the ter s and conditions of the listing A.ree ent. D. It ust contain a specific expiration date.: C. The seller ṃust accept any full price offer that ṃeets all the terṃs and conditions of the listing agreeṃent.
  2. In order to enter a listing into the LS A. the property ust be located on the sa e island as the brokerage of the listing agent. B. the listing agent ay do so without the seller's express per ission. C. a data input sheet ust be sub itted to the LS and beco es Exhibit A of the listing A.ree ent. D. All of the above.: C. a data input sheet ṃust be subṃitted to the ṂLS and becoṃes Exhibit A of the listing agreeṃent.
  3. Under an Exclusive Right To Sell Listing Agree ent the seller agrees to pay the listing broker a 6% co ṃṃ ission. Under what circu stances will this co ṃṃ ission be paid? A. The seller accepts an offer that eets ost of the conditions of the listing agree ent. B. A ready, willing and but financially unqualified buyer is found who akes a full price offer that eets all the ter s and conditions of the listing agree ent. C.The seller counters a buyer's offer at less than full price but the buyer rejects the counter offer. D. The seller does not respond the to buyer's offer that is full price but contingent upon the sale of his existing ho e.: A. The seller accepts an offer that ṃeets ṃost of the conditions of the listing agreeṃent.
  4. A buyer and seller go through several rounds of negotiations on an offer. What state ent is true? A. When opening escrow after reaching a eeting of the inds, the original Purchase Contract plus all counter offers should be sub itted in order to provide a co plete paper trail. B. If the only change on a counter offer is the price, it is

preferable to si ply cross out the original price on the Purchase Contract and write in the new price, initialed by all parties. C. Only the seller ay ake a counter offer. The buyer ust create a new Purchase Contract to C.ntinue negotiations. D. Each counter offer rejects