Hawaii Real Estate- Exam State Latest 2024/2025 Updated Questions and Answers Guaranteed 100% Success.
4 views 0 purchase
Course
Hawaii Real Estate- State
Institution
Hawaii Real Estate- State
Brad Wattles fell behind in his real property tax payments, and lost his home to a speculator through
foreclosure. Nine months later he received a cash settlement in a medical lawsuit. Can exercise his
statutory right of redemption by paying the new owner the amount of the back taxes, fines, inte...
Hawaii Real Estate- Exam State
Brad Wattles fell behind in his real property tax payments, and lost his home to a speculator through
foreclosure. Nine months later he received a cash settlement in a medical lawsuit. Can exercise his
statutory right of redemption by paying the new owner the amount of the back taxes, fines, interest and
all other expenses the speculator incurred in purchasing the property on the courthouse steps. -
Yes. There is a 1 year redemption period for tax foreclosures (but none for mortgage foreclosures).
What Hawaii state law aims to protect purchasers of subdivided vacant lots from deceptive practices and
abuses? - Uniform Land Sales and Practices Act (ULSPA)
T or F: The declaration of a condominium development would contain a description of the limited
common elements. - True.
A husband or wife may claim a 1/3 elective share of the other's estate at the decedent's death under
what code? - Under Hawaii's Uniform Probate Code for properties sold after July 1, 1977.
Under Hawaii's Uniform Probate Code, how much can a spouse claim at the decedent's death? -
1/3 elective share for properties sold after July 1, 1977.
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 much? - a portion of both her real and
personal property, depending on how long they were married.
At least one member of the board of directors of a Hawaii corporation must be: - a resident of
Hawaii.
T or F: A benefit of placing real property in a land trust may be that it avoids ancillary probate for non-
residents. - True.
T or F: A benefit of placing real property in a land trust may be that it allows the property to be
registered in Land Court. - False.
, T or F: A benefit of placing real property in a land trust may be that it serves as an alternative to an
agreement of sale. - True.
T or F: A benefit of placing real property in a land trust may be that it prevents partitioning. - True.
The beneficial interest of the owner of real property held in a land trust is considered what kind of
property? - Personal property
What Hawaii state law aims to protect purchasers of subdivided vacant lots from deceptive practices and
abuses? - Uniform Land Sales and Practices Act (ULSPA)
T or F: In Hawaii a partnership which participates in real estate dealings as part of its business must have
an individual licensed broker designated as the principal broker of the brokerage business. - True.
Land ownership documents are recorded in the public record at - Bureau of Conveyances in
Honolulu
T or F: In Hawaii a partnership which participates in real estate dealings as part of its business must have
all members of the partnership licensed, with one as a licensed broker in charge of the brokerage
business. - False. It must have an individual licensed broker designated as the principal broker of
the brokerage business.
T or F: In Hawaii a partnership which participates in real estate dealings as part of its business must have
all persons involved in the brokerage aspects of the business licensed as brokers. - False. It must
have an individual licensed broker designated as the principal broker of the brokerage business.
T or F: In Hawaii a partnership which participates in real estate dealings as part of its business must have
a licensed broker to supervise the licensed salespersons but anyone who is licensed as a broker may
operate independently on behalf of the partnership. - False. It must have an individual licensed
broker designated as the principal broker of the brokerage business.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
