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Hawaii State Real Estate Questions and Answers lands extending inland from the shoreline as delineated on the maps filed with the counties Special Management Area (SMA) A brokerage firm may associate or employ a salesperson or broker- salesperson who $13.49   Add to cart

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Hawaii State Real Estate Questions and Answers lands extending inland from the shoreline as delineated on the maps filed with the counties Special Management Area (SMA) A brokerage firm may associate or employ a salesperson or broker- salesperson who

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Hawaii State Real Estate Questions and Answers lands extending inland from the shoreline as delineated on the maps filed with the counties Special Management Area (SMA) A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island different from t...

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  • August 25, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Hawaii Real Estate
  • Hawaii Real Estate
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Hawaii State Real Estate Questions and
Answers
lands extending inland from the shoreline as delineated on the maps filed with

the counties


✔✔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 ✔✔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

, Hawaii State Real Estate Questions and
Answers
brokerage firm and the address and phone number of the principal place of

business. ✔✔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. ✔✔TRUE


What kind of title does Vendee (buyer) initially receive in an agreement of sale?

✔✔Equitable


Title


Which closing is the conveyance tax paid in an agreement of sale? ✔✔First

closing

, Hawaii State Real Estate Questions and
Answers
Which closing is legal title given in an Agreement of Sale? ✔✔2nd closing, as

Equitable is given


in the first closing.


Conveyand tax paid on Satisfaction of Agreement of Sale. T or F ✔✔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? ✔✔buyer or seller


Time share 7 right of recision should be written or just oral? ✔✔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 ✔✔TRUE


The maximum allowable rate for USERY loans (person to person) is

✔✔1%/month OR

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