Hawaii State Real Estate Questions |
100% Correct Answers | Verified | Latest
2024 Version
lands extending inland from the shoreline as delineated on the maps filed with the counties - ✔✔Special
Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island
different from that of the principal place of business, provided that the salesperson or broker-
salesperson shall not maintain or advertise a place of business other than the principal place of business
- ✔✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island
different from that of the principal place of business, provided that any advertisements on an island
different from that of the principal place of business shall disclose the name of the brokerage firm and
the address and phone number of the principal place of business. - ✔✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island
different from that of the principal place of business, provided that all agency disclosures required by
section 16-99-3.1 shall include that the principal place of business is located on a different island. -
✔✔TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? - ✔✔Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? - ✔✔First closing
Which closing is legal title given in an Agreement of Sale? - ✔✔2nd closing, as Equitable is given in the
first closing.
Conveyand tax paid on Satisfaction of Agreement of Sale. T or F - ✔✔False. It is paid on 1st closing when
purchased initally. It is also paid when conveyed by a General Warranty Deed.
, Time share 7 right of recision allows who to cancel? - ✔✔buyer or seller
Time share 7 right of recision should be written or just oral? - ✔✔Both written and oral.
time share acquisition agents who are not licensed as sales persons still must be registered with the
Commission as a time share acquisition agent. T or F - ✔✔TRUE
The maximum allowable rate for USERY loans (person to person) is - ✔✔1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the listing agreement? - ✔✔365
days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for commercial, then... - ✔✔6 inches
residential, 9" agricultural, 18" conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet deposit if applicable? -
✔✔No. The deposit must not exceed 1 months rent period.
Name the additional rotective groups Hawaii's discrimination law has that the Federal Fair House Law
excludes. - ✔✔ancestry, disability, age, HIV infection, and use of guide or signal dog or service animal.
Of the common protected classes in the Federal Fair Housing and Hawaii Discrimination Laws, how do
they differ in scope or the type of transactions covered? - ✔✔Federal applies to housing only, Hawaii
Discrimination laws apply to all Real Estate transactions.
According to the Hawaii discrimination laws, how long does one have to file? - ✔✔180 days for Hawaii
Law. Note the Federal law allows 2 years.
How do are private clubs allowed different exemptions in Federal law vs Hawaii? - ✔✔Federal law allows
discrimination for private clubs. Hawaiian law does not exempt such private clubs.
100% Correct Answers | Verified | Latest
2024 Version
lands extending inland from the shoreline as delineated on the maps filed with the counties - ✔✔Special
Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island
different from that of the principal place of business, provided that the salesperson or broker-
salesperson shall not maintain or advertise a place of business other than the principal place of business
- ✔✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island
different from that of the principal place of business, provided that any advertisements on an island
different from that of the principal place of business shall disclose the name of the brokerage firm and
the address and phone number of the principal place of business. - ✔✔TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who resides on an island
different from that of the principal place of business, provided that all agency disclosures required by
section 16-99-3.1 shall include that the principal place of business is located on a different island. -
✔✔TRUE
What kind of title does Vendee (buyer) initially receive in an agreement of sale? - ✔✔Equitable Title
Which closing is the conveyance tax paid in an agreement of sale? - ✔✔First closing
Which closing is legal title given in an Agreement of Sale? - ✔✔2nd closing, as Equitable is given in the
first closing.
Conveyand tax paid on Satisfaction of Agreement of Sale. T or F - ✔✔False. It is paid on 1st closing when
purchased initally. It is also paid when conveyed by a General Warranty Deed.
, Time share 7 right of recision allows who to cancel? - ✔✔buyer or seller
Time share 7 right of recision should be written or just oral? - ✔✔Both written and oral.
time share acquisition agents who are not licensed as sales persons still must be registered with the
Commission as a time share acquisition agent. T or F - ✔✔TRUE
The maximum allowable rate for USERY loans (person to person) is - ✔✔1%/month OR 12%/year
The agent of a distressed listing cannot have interest in it how long after the listing agreement? - ✔✔365
days
DE MINIMUS STRUCTURE limits old survey erros starting at 3 inches for commercial, then... - ✔✔6 inches
residential, 9" agricultural, 18" conservational
Can a landlord charge for a security deposit equal to 1 months rent plus a pet deposit if applicable? -
✔✔No. The deposit must not exceed 1 months rent period.
Name the additional rotective groups Hawaii's discrimination law has that the Federal Fair House Law
excludes. - ✔✔ancestry, disability, age, HIV infection, and use of guide or signal dog or service animal.
Of the common protected classes in the Federal Fair Housing and Hawaii Discrimination Laws, how do
they differ in scope or the type of transactions covered? - ✔✔Federal applies to housing only, Hawaii
Discrimination laws apply to all Real Estate transactions.
According to the Hawaii discrimination laws, how long does one have to file? - ✔✔180 days for Hawaii
Law. Note the Federal law allows 2 years.
How do are private clubs allowed different exemptions in Federal law vs Hawaii? - ✔✔Federal law allows
discrimination for private clubs. Hawaiian law does not exempt such private clubs.
