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Hawaii State Real Estate Questions With 100- accurate correct answers 2024_2025
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Hawaii State Real Estate Questions With 100- accurate correct answers 2024_2025
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Hawaii State Real Estate Questions With100% accurate correct answers 2024/2025
lands extending inland from the shoreline as delineated on the maps filed with
the counties - ANSWER- Special Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson
who resides on an island different from that of the principal place of business,
provided that the salesperson or broker-salesperson shall not maintain or
advertise a place of business other than the principal place of business -
ANSWER- TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson
who resides on an island different from that of the principal place of business,
provided that any advertisements on an island different from that of the principal
place of business shall disclose the name of the brokerage firm and the address
and phone number of the principal place of business. - ANSWER- TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson
who resides on an island different from that of the principal place of business,
provided that all agency disclosures required by section 16-99-3.1 shall include
that the principal place of business is located on a different island. - ANSWER-
TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? -
ANSWER- Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? - ANSWER-
First closing
Which closing is legal title given in an Agreement of Sale? - ANSWER- 2nd
closing, as Equitable is given in the first closing.
, Conveyand tax paid on Satisfaction of Agreement of Sale. T or F - ANSWER-
False. It is paid on 1st closing when purchased initally. It is also paid when
conveyed by a General Warranty Deed.
Time share 7 right of recision allows who to cancel? - ANSWER- buyer or seller
Time share 7 right of recision should be written or just oral? - ANSWER- Both
written and oral.
time share acquisition agents who are not licensed as sales persons still must be
registered with the Commission as a time share acquisition agent. T or F -
ANSWER- TRUE
The maximum allowable rate for USERY loans (person to person) is - ANSWER-
1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the
listing agreement? - ANSWER- 365 days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for
commercial, then... - ANSWER- 6 inches residential, 9" agricultural, 18"
conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet
deposit if applicable? - ANSWER- No. The deposit must not exceed 1 months rent
period.
Name the additional rotective groups Hawaii's discrimination law has that the
Federal Fair House Law excludes. - ANSWER- ancestry, disability, age, HIV
infection, and use of guide or signal dog or service animal.
Of the common protected classes in the Federal Fair Housing and Hawaii
Discrimination Laws, how do they differ in scope or the type of transactions
covered? - ANSWER- Federal applies to housing only, Hawaii Discrimination laws
apply to all Real Estate transactions.
According to the Hawaii discrimination laws, how long does one have to file? -
ANSWER- 180 days for Hawaii Law. Note the Federal law allows 2 years.
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