Hawaii real estate Study guides, Class notes & Summaries

Luke just purchased a property for $325,000, which was over list price. The Hawaii County assessed property value is $318,000. He's eligible for a $40,000 homeowner exemption and other exemptions of $5,000. His GET for the year was $80. On what amount will his property tax be calculated? a.)$272,920 b.)$273,000 c.)$278,000 d.)$318,000 - b.)$273,000 **Jeanine sold her Kihei duplex to Carlton for $418,000, and closing is on May 16. Each unit rents for $530 per month. The tenants paid rent...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

What is Hawaii's residential property disclosure form? A.) A statement of the condition the home will be in after repairs are completed B.) A statement that lists all home upgrades the seller made C.) A statement that outlines the home repairs made in the past five years D.) A statement the seller provides to the buyer that outlines all known property defects - D.) A statement the seller provides to the buyer that outlines all known property defects Which of these acknowledgments do buyer...

Hawaii Real Estate Review Quiz 3 100% Correct Solved A professional Appraiser can render all but one of the following: A) An opinion of value B) A conclusion of value C) A judgement of value D) A determination of value - Correct Answer ️️ -D) A determination of value One of the distinguishing characteristics of joint tenancy is that the: A) Tenants possess separate estates B) Tenants may possess unequal interests in a single estate C) Interests of a deceased tenant pass to the remai...

Hawaii Real Estate State Exam Questions and Answers 100% Pass What are the land use districts? - Correct Answer ️️ -"Chef RAgU" Conservation Rural Ag Urban Who has control over the different land use districts? - Correct Answer ️️ - Conservation controlled by DLNR Counties control the rest What is adverse possession? - Correct Answer ️️ -The occupation of land to which another person has title with the intention of possessing it as one's own. What is tacking? - Correct...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

Land ownership documents are recorded in the public record at - Bureau of Conveyances in Honolulu The land classification containing the smallest amount of land state-wide is - Rural A division of land extending from the top of the mountain to the ocean is called - Ahupua'a 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 Pr...

Hawaii Real Estate Exam State (Only) Questions With Complete Solutions, Passed!!

State Examination for Hawaii Real Estate | 100% Correct Answers | Verified | Latest 2024 Version

Hawaii Real Estate Exam Questions and Answers 100% Pass Chp. 1 History and Development of Hawaii Real Estate State Land Use Commission (LUC) classified all lands in the State into 4 land use districts - Correct Answer ️️ -1. Urban 2. Agricultural 3. Rural 4. Conservation Chp. 1 History and Development of Hawaii Real Estate 1. Urban Districts - Correct Answer ️️ -- Zoned into improved and unimproved residential, apartment, hotel and resort, industrial, and commercial - Lands in...