Hawaii Real Estate Exam State Only questions and correct answers

Land ownership documents are recorded in the public record at - correct answer Bureau of Conveyances in Honolulu The land classification containing the smallest amount of land state-wide is - correct answer Rural A division of land extending from the top of the mountain to the ocean is called - correct answer 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? - correct answer Under Hawaii's Uniform Probate Code for properties sold after July 1, 1977. Under Hawaii's Uniform Probate Code, how much can a spouse claim at the decedent's death? - correct answer 1/3 elective share for properties sold after July 1, 1977. Jackson Hillario exercised his right of election when his wife died and left everything to her ex- husband. Will he receive real, personal, or nothing, or both? How much? - correct answer a portion of both her real and personal property, depending on how long they were married. At least one member of the board of directors of a Hawaii corporation must be: - correct answer a resident of Hawaii. T or F: A benefit of placing real property in a land trust may be that it avoids ancillary probate for non-residents. - correct answer True. T or F: A benefit of placing real property in a land trust may be that it allows the property to be registered in Land Court. - correct answer False. T or F: A benefit of placing real property in a land trust may be that it serves as an alternative to an agreement of sale. - correct answer True.