Hawaii Real Estate Exam Questions and
Answers Already Passed
Hawaii Revised Statutes include specific chapter on all of the following forms of property
ownership EXCEPT:
A. Timeshares
B. Cooperative housing
C. Fractional ownership
D. Planned communities
C. Fractional ownership
Client trust funds shall be placed into the brokerage trust account:
A. On the day of receipt
B. By the next calendar day following receipt
C. By the next business day following receipt
D. Within three business days following receipt
C. By the next business day following receipt
In a 1031 tax deferred exchange transaction of Hawaii properties, conveyance tax would be due
on which of the following?
A. Both properties
,B. Only the replacement property
C. Only the relinquished property
D. Neither property, since the conveyance is for “like kind properties”
A. Both properties
Which of the following differentiates a bilateral contract from a unilateral contract?
A. Number of parties involved
B. Performance obligations of the parties
C. Relative value of the object of the contract
D. Type of property specified in the contract
B. Performance obligations of the parties
What would most lenders require if the buyer is putting less than 20% down?
A. That the buyer has one year’s worth of reserves in a certificate of deposit
B. A certificate of reasonable value
C. A FICO score of at least 745
D. Private mortgage insurance
D. Private mortgage insurance
Who may give a supportable opinion of market value to be used in seeking a federally-related
loan to finance a real estate transaction?
A. A certified appraiser
, B. A licensed real estate broker
C. Any real estate licensee, in each state in which she is licensed
D. A Certified Public Accountant
C. Any real estate licensee, in each state in which she is licensed
It is a violation of Hawaii's discrimination law to:
A. Refuse to rent to a minor
B. Refuse to negotiate with a person because he is blind and uses a guide dog
C. Refuse to rent to a person in a branch of the armed services
D. Refuse to sell to a person because of his occupation
B. Refuse to negotiate with a person because he is blind and uses a guide dog
What does HUD stand for?
Department of Housing and Urban Development
Hawaii Discrimination Law allows religious related organizations to discriminate on basis of
religion:
non-profit purposes
The Federal Anti-discriminatory Laws apply to:
Sales in Hawaii by a broker of a single-family house
Federal Fair Housing Law verified complaints may be filed with HUD within:
One year; two years to sue
Answers Already Passed
Hawaii Revised Statutes include specific chapter on all of the following forms of property
ownership EXCEPT:
A. Timeshares
B. Cooperative housing
C. Fractional ownership
D. Planned communities
C. Fractional ownership
Client trust funds shall be placed into the brokerage trust account:
A. On the day of receipt
B. By the next calendar day following receipt
C. By the next business day following receipt
D. Within three business days following receipt
C. By the next business day following receipt
In a 1031 tax deferred exchange transaction of Hawaii properties, conveyance tax would be due
on which of the following?
A. Both properties
,B. Only the replacement property
C. Only the relinquished property
D. Neither property, since the conveyance is for “like kind properties”
A. Both properties
Which of the following differentiates a bilateral contract from a unilateral contract?
A. Number of parties involved
B. Performance obligations of the parties
C. Relative value of the object of the contract
D. Type of property specified in the contract
B. Performance obligations of the parties
What would most lenders require if the buyer is putting less than 20% down?
A. That the buyer has one year’s worth of reserves in a certificate of deposit
B. A certificate of reasonable value
C. A FICO score of at least 745
D. Private mortgage insurance
D. Private mortgage insurance
Who may give a supportable opinion of market value to be used in seeking a federally-related
loan to finance a real estate transaction?
A. A certified appraiser
, B. A licensed real estate broker
C. Any real estate licensee, in each state in which she is licensed
D. A Certified Public Accountant
C. Any real estate licensee, in each state in which she is licensed
It is a violation of Hawaii's discrimination law to:
A. Refuse to rent to a minor
B. Refuse to negotiate with a person because he is blind and uses a guide dog
C. Refuse to rent to a person in a branch of the armed services
D. Refuse to sell to a person because of his occupation
B. Refuse to negotiate with a person because he is blind and uses a guide dog
What does HUD stand for?
Department of Housing and Urban Development
Hawaii Discrimination Law allows religious related organizations to discriminate on basis of
religion:
non-profit purposes
The Federal Anti-discriminatory Laws apply to:
Sales in Hawaii by a broker of a single-family house
Federal Fair Housing Law verified complaints may be filed with HUD within:
One year; two years to sue
