Real Estate Pre-License Exam – Hawaii
Questions and Answers Already
Graded A
What is the definition of a Broker? ✔✔A direct agent of the principal who is hired for
compensation to perform a stated services such as procuring a customer.
Define Brokerage. ✔✔The business of procuring customers on behalf of clients for the purpose
of completing a real estate transaction.
What is Common Law? ✔✔A body of law developed by court judgments, decrees, or case
decisions.
Define Property Management. ✔✔The business of managing the physical and financial condition
of an investment property for an owner.
What is the definition of a Salesperson? ✔✔A licensed employee, or independent contractor,
hired by a broker to perform authorized activities on behalf of the broker's client.
, What is Severance? ✔✔The conversion of real property to personal property by detaching it
from real estate.
What is Affixing? ✔✔The act of converting personal property to real property by attaching it to
real estate.
What is the definition of Real Estate? ✔✔Land and all man-made structures permanently
attached to it.
What is Real Property? ✔✔Real estate and the bundle of rights associated with ownership of real
estate.
What are the five "Bundle of Rights"? ✔✔Possess, use, transfer, encumber, and exclude.
What does the Right to Encumber mean? ✔✔The right to mortgage the property as collateral for
debt.
What is Curtesy? ✔✔A husband's life estate claim to portions of his deceased wife's real
property.
Questions and Answers Already
Graded A
What is the definition of a Broker? ✔✔A direct agent of the principal who is hired for
compensation to perform a stated services such as procuring a customer.
Define Brokerage. ✔✔The business of procuring customers on behalf of clients for the purpose
of completing a real estate transaction.
What is Common Law? ✔✔A body of law developed by court judgments, decrees, or case
decisions.
Define Property Management. ✔✔The business of managing the physical and financial condition
of an investment property for an owner.
What is the definition of a Salesperson? ✔✔A licensed employee, or independent contractor,
hired by a broker to perform authorized activities on behalf of the broker's client.
, What is Severance? ✔✔The conversion of real property to personal property by detaching it
from real estate.
What is Affixing? ✔✔The act of converting personal property to real property by attaching it to
real estate.
What is the definition of Real Estate? ✔✔Land and all man-made structures permanently
attached to it.
What is Real Property? ✔✔Real estate and the bundle of rights associated with ownership of real
estate.
What are the five "Bundle of Rights"? ✔✔Possess, use, transfer, encumber, and exclude.
What does the Right to Encumber mean? ✔✔The right to mortgage the property as collateral for
debt.
What is Curtesy? ✔✔A husband's life estate claim to portions of his deceased wife's real
property.
