Hawaii-Specific Real Estate Practice
Exam Already Passed
Personal Property ✔✔Movable objects (chattels) that do not fit into the definition of real
property; conveyed by bill of sale.
Fixture ✔✔An item of personal property that has been converted to real property by being
permanently affixed to the land or building. Can be either attached or annexed.
Metes and Bounds ✔✔To locate a property boundary requires two permanent reference markers;
The boundary is measured from a specific point of beginning and proceeds around the
boundaries using reference to linear measurements and directions;
Boundaries may be established on the basis of actual distance between monuments (fixed
objects);
A boundary must return to the point of beginning so that the land described is fully enclosed.
Rectangular (Government) Survey ✔✔Based on measurements from base lines and principal
meridians;
Designed to set up checkerboard pattern of identical squares over specific area.
,Mineral rights ✔✔May be owned by the owner of the surface rights or by separate third party
owners of subsurface rights, such as natural gas or oil companies, as well as by the developer or
the homebuilder.
Air rights ✔✔The right to occupy, use, or control the space above a property, such as
homeowner purchasing these rights above a neighboring home to protect his view.
Water rights ✔✔Ownership of water and land adjacent to it is determined by state law, which is
based on either the doctrines of the riparian and littoral rights or on the doctrine of prior
appropriation; generally have the right to use water so long as they do not pollute or interrupt the
flow.
Riparian rights ✔✔Rights granted to owners along a non-navigable river or stream.
Littoral rights ✔✔Rights granted to owners along an ocean or large lake.
All of the following are true in regard to trust funds EXCEPT ✔✔all funds must be deposited
within 48 hrs
, When a condominium is sold, who is responsible for any unpaid condominium assessments?
✔✔The grantor and grantee, jointly and severally.
According to the Uniform Land Sales Practices Act, when the purchaser of subdivided land
receives the public offering statement, he must also be given ✔✔a written notice of a seven-day
rescission right.
A tenant whose lease has terminated is entitled to his security deposit ✔✔within 14 days.
All of the following are violations for which a licensee may be sanctioned ✔✔-being dependent
on illegal drugs
-paying a referral fee to an unlicensed person.
-acting for both parties in a negotiation with one party's written consent.
The Carter Corporation is applying for a real estate license. Which of the following needs to
have a real estate broker license? ✔✔Andrea Blake, a Carter officer who will directly manage
Carter's brokerage business
Exam Already Passed
Personal Property ✔✔Movable objects (chattels) that do not fit into the definition of real
property; conveyed by bill of sale.
Fixture ✔✔An item of personal property that has been converted to real property by being
permanently affixed to the land or building. Can be either attached or annexed.
Metes and Bounds ✔✔To locate a property boundary requires two permanent reference markers;
The boundary is measured from a specific point of beginning and proceeds around the
boundaries using reference to linear measurements and directions;
Boundaries may be established on the basis of actual distance between monuments (fixed
objects);
A boundary must return to the point of beginning so that the land described is fully enclosed.
Rectangular (Government) Survey ✔✔Based on measurements from base lines and principal
meridians;
Designed to set up checkerboard pattern of identical squares over specific area.
,Mineral rights ✔✔May be owned by the owner of the surface rights or by separate third party
owners of subsurface rights, such as natural gas or oil companies, as well as by the developer or
the homebuilder.
Air rights ✔✔The right to occupy, use, or control the space above a property, such as
homeowner purchasing these rights above a neighboring home to protect his view.
Water rights ✔✔Ownership of water and land adjacent to it is determined by state law, which is
based on either the doctrines of the riparian and littoral rights or on the doctrine of prior
appropriation; generally have the right to use water so long as they do not pollute or interrupt the
flow.
Riparian rights ✔✔Rights granted to owners along a non-navigable river or stream.
Littoral rights ✔✔Rights granted to owners along an ocean or large lake.
All of the following are true in regard to trust funds EXCEPT ✔✔all funds must be deposited
within 48 hrs
, When a condominium is sold, who is responsible for any unpaid condominium assessments?
✔✔The grantor and grantee, jointly and severally.
According to the Uniform Land Sales Practices Act, when the purchaser of subdivided land
receives the public offering statement, he must also be given ✔✔a written notice of a seven-day
rescission right.
A tenant whose lease has terminated is entitled to his security deposit ✔✔within 14 days.
All of the following are violations for which a licensee may be sanctioned ✔✔-being dependent
on illegal drugs
-paying a referral fee to an unlicensed person.
-acting for both parties in a negotiation with one party's written consent.
The Carter Corporation is applying for a real estate license. Which of the following needs to
have a real estate broker license? ✔✔Andrea Blake, a Carter officer who will directly manage
Carter's brokerage business
