4 land districts
o :## Urban
o Rural
o Agricultural
o Conservation
What is UCC?
o :## Uniform Commercial Code- it's a legal form a creditor files to give notice
that it may have interest in personal property of debtor. Gives public notice of
right to take possession of and sell property ...
Hawaii real estate Questions and Answers
4 land districts
o :## Urban
o Rural
o Agricultural
o Conservation
What is UCC?
o :## Uniform Commercial Code- it's a legal form a creditor files to give notice
that it may have interest in personal property of debtor. Gives public notice of
right to take possession of and sell property for repayment.
Can also be security or financing agreement, bulk sales, business opp or direct taxation.
Tenancy in entirety is same as?
o :## Reciprocal beneficiaries
Land trust
o :## People use it for privacy and to avoid probate.
Allows property to pass to owners heirs vs probate.
, 2024/2025 2|Page
Property taxes lower
Judgements or liens(such as IRS liens) can not be used against their land trust property.
Prescriptive easement
o :## An Easement on another persons property acquired by continued use w/out
permission of owner for a period provided by state law.
Easement
o :## A right, privilege or interest which one party has of another's land.
Easement by necessity
o :## When absolutely necessary for the reasonable use of the property. Servient
provides easement and dominant has access to where it's located.
2 types of easement
o :## Easement in gross (gov or public utility)
Easement appurtenant: its permanent and runs with the land
Adverse possession
, 2024/2025 3|Page
o :## A process where premises can change ownership in title, without permission
or prior relationship with owner.
For 20 years or more, unless owner re enters .
How many types of agency choices are there?
o :## Single-represents one
Dual-represents both seller n buyer
Sub-agent- principal broker is
How many times do you have to disclose?
o :## 3 times- agent preparing listing contract for seller
- agent producing buyer to disclose who he represents
-agent of of buyer must tell seller then listing broker
How many times do you have to disclose?
o :## 3 times- time broker obtains the listing
-prior to preparing a contract between buyer and seller
-prior to presenting a contract between the buyer n seller to seller
Termination of agency
o :## 1- mutual agreement
2-accomplishment of agency
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 ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
