Hawaii Real Estate Exam | 100% Correct
Answers | Verified | Latest 2024 Version
What is Hawaii's residential property disclosure form?
A.) A statement of the condition the home will be in after repairs are completed
B.) A statement that lists all home upgrades the seller made
C.) A statement that outlines the home repairs made in the past five years
D.) A statement the seller provides to the buyer that outlines all known property defects - ✔✔D.) A
statement the seller provides to the buyer that outlines all known property defects
Which of these acknowledgments do buyers and sellers make by signing the HAR Purchase Contract
form?
A.)The brokerage firm makes no guarantee as to the tax map key.
B.) The brokerage firm must ask permission before placing any ads or property signage.
C.) The buyers are purchasing the property in as-is condition.
D.) The seller makes no guarantee regarding the property's future resale value - ✔✔D.) The seller makes
no guarantee regarding the property's future resale value
In which of these situations does a Hawaii licensee have a disclosable ownership interest in the
property?
a.) Carson represents both the buyer and the seller in a transactions.
b.) Kennedy is representing his LLC in the purchase of a commercial building.
,c.)Rebecca is listing her neighbor's vacation home.
d.) Roger is listing a property that he sold to the current owner eight years ago. - ✔✔b.) Kennedy is
representing his LLC in the purchase of a commercial building.
**Jeanine sold her Kihei duplex to Carlton for $418,000, and closing is on May 16. Each unit rents for
$530 per month. The tenants paid rent in full on May 1. At closing, how will prorated rent be shown on
the closing statements?
a.)$494.66 seller credit, buyer debit
b.)494.66 seller debit, buyer credit
c.)$565.33 seller credit, buyer debit
d.)$565.33 seller debit, buyer credit - ✔✔b.)494.66 seller debit, buyer credit
Lily owned a double lot on the waterfront. She sold the lot to Hannah and placed a private restriction
prohibiting anything taller than a one-story building. Hannah wants to build a three-story house. What is
her most likely option?
a.)Apply to the zoning board of appeals for a variance.
b.)Check to see if the building and zoning regulations will permit a larger house.
c.)Conform to the deed restriction.
d.)File suit against Lily to have the restriction removed. - ✔✔c.)Conform to the deed restriction.
Hawaii's laws around consent require that Hawaii contracts be signed without undue influence or duress.
Which of these situations is an example of duress?
a.)Lokelani cries and acts as if she's distraught over her mother's safety to get her mother to move out of
the family home.
b.)Lono describes to his mother the reasons that her property won't sell for as much as she thinks it
should.
c.) Maik shows her grandmother information from properties that really aren't comparable to hers to
convince her to sell the property at a reduced price.
, d.) Nalani threatens to expose a family secret if Oke refuses to agree to sell their house. - ✔✔d.) Nalani
threatens to expose a family secret if Oke refuses to agree to sell their house.
Which of these activities would a principal broker most likely be required to perform in the proper
supervision of associated licensees?
a.)To create a mission statement and core values for the firm
b.)To require associated licensees to be in the office to greet potential clients
c.)To train associated licensees how to generate leads
d.)To train associated licensees on relevant real estate laws and rules - ✔✔d.)To train associated
licensees on relevant real estate laws and rules
Homeowner exemptions in Hawaii are a way to ________.
a.)Ensure preservation of historic structures
b.)Give tax breaks to individuals who live in Hawaii year-round
c.)Increase funding for public programs and services
d.)Level the playing field between counties - ✔✔b.)Give tax breaks to individuals who live in Hawaii year-
round
The Hawaii Real Estate Recovery Fund paid a claim to one of Jarod's clients. Which of these statements is
true?
a.)Jarod's license will be forfeited until he reimburses the recovery fund.
b.)Jarod's license will be terminated for at least five years.
c.)Jarod's license will be terminated indefinitely.
d.)Jarod's license will be terminated unless he reimburses the fund within 90 days. - ✔✔b.)Jarod's
license will be terminated for at least five years.
For the real estate industry, what's the primary impact of the PASH decision?
a.)It prohibits private property owners from disallowing access to their shoreline properties.
b.)The ambiguous nature of the decision places into question what access property owners can and can't
prohibit.
Answers | Verified | Latest 2024 Version
What is Hawaii's residential property disclosure form?
A.) A statement of the condition the home will be in after repairs are completed
B.) A statement that lists all home upgrades the seller made
C.) A statement that outlines the home repairs made in the past five years
D.) A statement the seller provides to the buyer that outlines all known property defects - ✔✔D.) A
statement the seller provides to the buyer that outlines all known property defects
Which of these acknowledgments do buyers and sellers make by signing the HAR Purchase Contract
form?
A.)The brokerage firm makes no guarantee as to the tax map key.
B.) The brokerage firm must ask permission before placing any ads or property signage.
C.) The buyers are purchasing the property in as-is condition.
D.) The seller makes no guarantee regarding the property's future resale value - ✔✔D.) The seller makes
no guarantee regarding the property's future resale value
In which of these situations does a Hawaii licensee have a disclosable ownership interest in the
property?
a.) Carson represents both the buyer and the seller in a transactions.
b.) Kennedy is representing his LLC in the purchase of a commercial building.
,c.)Rebecca is listing her neighbor's vacation home.
d.) Roger is listing a property that he sold to the current owner eight years ago. - ✔✔b.) Kennedy is
representing his LLC in the purchase of a commercial building.
**Jeanine sold her Kihei duplex to Carlton for $418,000, and closing is on May 16. Each unit rents for
$530 per month. The tenants paid rent in full on May 1. At closing, how will prorated rent be shown on
the closing statements?
a.)$494.66 seller credit, buyer debit
b.)494.66 seller debit, buyer credit
c.)$565.33 seller credit, buyer debit
d.)$565.33 seller debit, buyer credit - ✔✔b.)494.66 seller debit, buyer credit
Lily owned a double lot on the waterfront. She sold the lot to Hannah and placed a private restriction
prohibiting anything taller than a one-story building. Hannah wants to build a three-story house. What is
her most likely option?
a.)Apply to the zoning board of appeals for a variance.
b.)Check to see if the building and zoning regulations will permit a larger house.
c.)Conform to the deed restriction.
d.)File suit against Lily to have the restriction removed. - ✔✔c.)Conform to the deed restriction.
Hawaii's laws around consent require that Hawaii contracts be signed without undue influence or duress.
Which of these situations is an example of duress?
a.)Lokelani cries and acts as if she's distraught over her mother's safety to get her mother to move out of
the family home.
b.)Lono describes to his mother the reasons that her property won't sell for as much as she thinks it
should.
c.) Maik shows her grandmother information from properties that really aren't comparable to hers to
convince her to sell the property at a reduced price.
, d.) Nalani threatens to expose a family secret if Oke refuses to agree to sell their house. - ✔✔d.) Nalani
threatens to expose a family secret if Oke refuses to agree to sell their house.
Which of these activities would a principal broker most likely be required to perform in the proper
supervision of associated licensees?
a.)To create a mission statement and core values for the firm
b.)To require associated licensees to be in the office to greet potential clients
c.)To train associated licensees how to generate leads
d.)To train associated licensees on relevant real estate laws and rules - ✔✔d.)To train associated
licensees on relevant real estate laws and rules
Homeowner exemptions in Hawaii are a way to ________.
a.)Ensure preservation of historic structures
b.)Give tax breaks to individuals who live in Hawaii year-round
c.)Increase funding for public programs and services
d.)Level the playing field between counties - ✔✔b.)Give tax breaks to individuals who live in Hawaii year-
round
The Hawaii Real Estate Recovery Fund paid a claim to one of Jarod's clients. Which of these statements is
true?
a.)Jarod's license will be forfeited until he reimburses the recovery fund.
b.)Jarod's license will be terminated for at least five years.
c.)Jarod's license will be terminated indefinitely.
d.)Jarod's license will be terminated unless he reimburses the fund within 90 days. - ✔✔b.)Jarod's
license will be terminated for at least five years.
For the real estate industry, what's the primary impact of the PASH decision?
a.)It prohibits private property owners from disallowing access to their shoreline properties.
b.)The ambiguous nature of the decision places into question what access property owners can and can't
prohibit.
