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Escrow calls the agent and says they can close early and are ready. In preparation to close:
a. The seller and the buyer must set a date
b. The lessor must give permission (if it is lease land)
c. Escrow and mortgage documents must be ready for signature
d. All of the above ✔✔d. All of the above
An owner appeared at the public hearing concerning construction of a new storage facility for
hydrogen gas to be erected near his home. He objected to the project on the basis that the value
of his property would be lowered substantially. His fears are based on the concept of:
a. Function obsolescence
b. Physical obsolescence
c. Capital obsolescence
d. Economic obsolescence ✔✔d. Economic obsolescence
The amount of deposit under the Landlord Tenant Code which a lessee may pay:
a. cannot exceed one month's rent
,b. Is considered to be the property of the lessor during the term of the lease
c. Both A and B
d. None of the above ✔✔a. Cannot exceed one month's rent
Tenants by the Entirety are applicable to which of the following
a. Unmarried man and woman who live together for 40 years and have children
b. Two people who are single and not allowed to marry by law
c. Married daughter and widowed father
d. Married man and his girlfriend ✔✔b. Two people who are single and not allowed to marry by
law
In early 1985, a developer agreed to build two houses for the owner. A contractor actually build
the houses and completed them by June 1, 1985. The contractor is not paid in full. No Notice of
Completion was ever filed. On July 1, 1986, the contractor wanted to file a Mechanic's Lien.
What is true?
a. He can file liens because the date of the Notice of Completion Deemed to be one year from the
actual completion date
b. He can file liens because there is no time limit for filing liens
c. He can file liens because the Notice of Completion was never filed
, d. He cannot file because the contractor can only look to the developer for payment ✔✔a. He can
file liens because the date of Notice fo Completion Deemed to be one year from the actual
completion date
A Hawaii property owner can redeem his property within one year after which of the following:
a. A real property tax sale
b. A foreclosure sale
c. Short sale
d. Deed in lie of foreclosure ✔✔a. A real property tax sale
A lot that is zoned in Rural has a neighbor whose wall is encroaching into the subject property.
What is the allowable distance for Rural zoned lots?
a. .75 feet
b. .5 feet
c. .25 feet
d. 1.5 feet ✔✔a. .75 feet
The following is an example of puffing:
a. The full disclosure statement has been given to the buyer from the seller