Principles and Practices of Hawaiian Real Estate
Abe Lee Seminars UPDATED ACTUAL
Questions and CORRECT Answers
TMK for Hawaii - CORRECT ANSWER - 1 Oahu. 2 Big Island. 3 Maui and Molokai. 4 is Kauai.
TMK Order - CORRECT ANSWER - District, Zone, Section, Plat, Parcel
UCC - CORRECT ANSWER - uniform commercial code
Land trust - CORRECT ANSWER - individuals use it for privacy and to avoid probate
Trusts - CORRECT ANSWER -
Mineral rights - CORRECT ANSWER - in Hawaii 90% of rights are stature reserved to State
Appurtenance - CORRECT ANSWER - a right, privilege, or improvement belonging to, and passing with, the
land.
PASH (Public Access to Shorelines) - CORRECT ANSWER - rights of the Native Hawaiians to have access to
under developed privately owned shoreline lands
Prior appropriation - CORRECT ANSWER - water rights are given to those who have historically used the water
in a certain area
Shoreline property - CORRECT ANSWER - by the high wash of waves
Real estate broker may pay commission to - CORRECT ANSWER - Licenses broker of another state, country.
travel agency
Special management areas - CORRECT ANSWER - agricultural, oceanfront, wetlands, not concerned with water
quality.
Riparian rights - CORRECT ANSWER - live by a moving body of water
Littoral rights - CORRECT ANSWER - live by a static body of water
Shoreline Protection Act - CORRECT ANSWER - properties bordering beach and ocean (40 ft from vegetation
line)
LUO - CORRECT ANSWER - Land Use Ordinance of the City and County
Ohana dwelling - CORRECT ANSWER - 2nd dwelling units on a residential zone lot
Mortgage fraud protection act - CORRECT ANSWER - agents listing property in a short sale cannot purchase his
own listing for 1 year after the listing expired
BPO - CORRECT ANSWER - Broker's Price Opinion
REC - CORRECT ANSWER - Real Estate Commission
By-laws - CORRECT ANSWER - the owner's rights and obligations for a condominium. 67%
Recovery fund - CORRECT ANSWER - a state established account created to protect consumers from negligence
or illegal activities
Abe Lee Seminars UPDATED ACTUAL
Questions and CORRECT Answers
TMK for Hawaii - CORRECT ANSWER - 1 Oahu. 2 Big Island. 3 Maui and Molokai. 4 is Kauai.
TMK Order - CORRECT ANSWER - District, Zone, Section, Plat, Parcel
UCC - CORRECT ANSWER - uniform commercial code
Land trust - CORRECT ANSWER - individuals use it for privacy and to avoid probate
Trusts - CORRECT ANSWER -
Mineral rights - CORRECT ANSWER - in Hawaii 90% of rights are stature reserved to State
Appurtenance - CORRECT ANSWER - a right, privilege, or improvement belonging to, and passing with, the
land.
PASH (Public Access to Shorelines) - CORRECT ANSWER - rights of the Native Hawaiians to have access to
under developed privately owned shoreline lands
Prior appropriation - CORRECT ANSWER - water rights are given to those who have historically used the water
in a certain area
Shoreline property - CORRECT ANSWER - by the high wash of waves
Real estate broker may pay commission to - CORRECT ANSWER - Licenses broker of another state, country.
travel agency
Special management areas - CORRECT ANSWER - agricultural, oceanfront, wetlands, not concerned with water
quality.
Riparian rights - CORRECT ANSWER - live by a moving body of water
Littoral rights - CORRECT ANSWER - live by a static body of water
Shoreline Protection Act - CORRECT ANSWER - properties bordering beach and ocean (40 ft from vegetation
line)
LUO - CORRECT ANSWER - Land Use Ordinance of the City and County
Ohana dwelling - CORRECT ANSWER - 2nd dwelling units on a residential zone lot
Mortgage fraud protection act - CORRECT ANSWER - agents listing property in a short sale cannot purchase his
own listing for 1 year after the listing expired
BPO - CORRECT ANSWER - Broker's Price Opinion
REC - CORRECT ANSWER - Real Estate Commission
By-laws - CORRECT ANSWER - the owner's rights and obligations for a condominium. 67%
Recovery fund - CORRECT ANSWER - a state established account created to protect consumers from negligence
or illegal activities
