Hawaii Real Estate Final Exam
Questions and Answers 100% Pass
Which of the following is true with regard to timeshare sales? ✔✔Within seven calendar days
after the execution of the contract to purchase an interest in a timeshare plan or receipt of a
disclosure statement, whichever occurs later, either party may cancel the contract without
penalty.
If 40% or more of a condominium project has been sold and recorded, the first meeting of a
condominium unit owners' association must be held within how many days after the recordation
of the first unit sale? ✔✔180.
A Hawaii property owner can redeem his property within one year after... ✔✔a real property tax
sale.
Under Hawaii's Land Use Law, land is classified into four categories. One of these is...
✔✔conservation.
Hawaii's Land Use Law is administered by the... ✔✔State Land Use Commission.
, Long-term ground leases grant property rights beyond possession in the State of Hawaii,
including... ✔✔the lessee is considered to be the owner of the real property for the purpose of
assessing property taxes, if the lease term is for 15 years or more.
If a landlord has grounds for keeping all or some of the security deposit, which of the following
is true of his notice to the tenant? ✔✔He must itemize his costs in the notice.
With regard to lawsuits over security deposits... ✔✔the tenant has one year to bring action to
recover all or part of the security deposit.
Money held in trust for others... ✔✔must be kept in separate special bank accounts, separated
from the money of the principal broker or broker in charge.
Regarding supervision of a brokerage office... ✔✔Neither A nor B (none of the above).
A Hawaii brokerage firm must do each of the following EXCEPT... ✔✔register all of its branch
offices with the Real Estate Commission.
Questions and Answers 100% Pass
Which of the following is true with regard to timeshare sales? ✔✔Within seven calendar days
after the execution of the contract to purchase an interest in a timeshare plan or receipt of a
disclosure statement, whichever occurs later, either party may cancel the contract without
penalty.
If 40% or more of a condominium project has been sold and recorded, the first meeting of a
condominium unit owners' association must be held within how many days after the recordation
of the first unit sale? ✔✔180.
A Hawaii property owner can redeem his property within one year after... ✔✔a real property tax
sale.
Under Hawaii's Land Use Law, land is classified into four categories. One of these is...
✔✔conservation.
Hawaii's Land Use Law is administered by the... ✔✔State Land Use Commission.
, Long-term ground leases grant property rights beyond possession in the State of Hawaii,
including... ✔✔the lessee is considered to be the owner of the real property for the purpose of
assessing property taxes, if the lease term is for 15 years or more.
If a landlord has grounds for keeping all or some of the security deposit, which of the following
is true of his notice to the tenant? ✔✔He must itemize his costs in the notice.
With regard to lawsuits over security deposits... ✔✔the tenant has one year to bring action to
recover all or part of the security deposit.
Money held in trust for others... ✔✔must be kept in separate special bank accounts, separated
from the money of the principal broker or broker in charge.
Regarding supervision of a brokerage office... ✔✔Neither A nor B (none of the above).
A Hawaii brokerage firm must do each of the following EXCEPT... ✔✔register all of its branch
offices with the Real Estate Commission.
