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Hawaii State Exam with correct answers.

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Hawaii State Exam with correct answers.

Institution
PSI HAWAII
Course
PSI HAWAII

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Hawaii State Exam with correct answers |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




Escrow calls the agent and says they can close early and are ready. In preparation to close:
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a. The seller and the buyer must set a date
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b. The lessor must give permission (if it is lease land)
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c. Escrow and mortgage documents must be ready for signature
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d. All of the above - correct answersd. All of the above
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An owner appeared at the public hearing concerning construction of a new storage facility for
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hydrogen gas to be erected near his home. He objected to the project on the basis that the
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value of his property would be lowered substantially. His fears are based on the concept of:
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a. Function obsolescence
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b. Physical obsolescence
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c. Capital obsolescence
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d. Economic obsolescence - correct answersd. Economic obsolescence
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The amount of deposit under the Landlord Tenant Code which a lessee may pay:
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a. cannot exceed one month's rent
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b. Is considered to be the property of the lessor during the term of the lease
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c. Both A and B
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d. None of the above - correct answersa. Cannot exceed one month's rent
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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
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b. Two people who are single and not allowed to marry by law
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c. Married daughter and widowed father
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,d. Married man and his girlfriend - correct answersb. Two people who are single and not
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allowed to marry by law |||\\\ |||\\\ |||\\\ |||\\\




In early 1985, a developer agreed to build two houses for the owner. A contractor actually
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build the houses and completed them by June 1, 1985. The contractor is not paid in full. No
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Notice of Completion was ever filed. On July 1, 1986, the contractor wanted to file a
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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
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the actual completion date
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b. He can file liens because there is no time limit for filing liens
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c. He can file liens because the Notice of Completion was never filed
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d. He cannot file because the contractor can only look to the developer for payment - correct
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answersa. 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:
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a. A real property tax sale
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b. A foreclosure sale
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c. Short sale
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d. Deed in lie of foreclosure - correct answersa. A real property tax sale
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A lot that is zoned in Rural has a neighbor whose wall is encroaching into the subject property.
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What is the allowable distance for Rural zoned lots?
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a. .75 feet
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b. .5 feet
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c. .25 feet
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d. 1.5 feet - correct answersa. .75 feet
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The following is an example of puffing:
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, a. The full disclosure statement has been given to the buyer from the seller
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b. Buyer's agent tells his client that the interest is the lowest in decades
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c. Seller's agent tells the seller that according to the monthly statistics the inventory is very low
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and prices are beginning to go up
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d. Seller's agent tells everyone who comes to his open house that his listing is the best priced
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home in the best neighborhood in the city - correct answersd. Seller's agent tells everyone
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who comes to his open house that his listing is the best priced home in the best neighborhood
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in the city |||\\\ |||\\\




A blanket mortgage usually covers which of the following:
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a. More than one piece of real estate
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b. Both personal and real property
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c. More than one type of transaction
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d. Both the mortgaged property and the appropriate mortgage insurance - correct answersa.
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More than one piece of real estate |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




The landlord is required to provide which of the following for his tenants when converting an
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apartment under the Condominium Property Regime Act |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




a. Give 120 days notice
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b. Give 10 days notice
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c. Provide suitable housing for tenants
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d. Pay for relocation - correct answersa. Give 120 days notice
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Non-judicial foreclosure law provides for which of the following: |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




a. Advertising and sale of the mortgaged property
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b. Statuary period of redemption
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c. Must have open houses
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Institution
PSI HAWAII
Course
PSI HAWAII

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Uploaded on
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Written in
2025/2026
Type
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