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Hawaii Real Estate Exam State Portion Only (2
versions) Includes 300+ Accurate And Verified
Questions Focused On Hawaii-Specific Real
Estate Laws, Licensing Requirements, Agency
Relationships, Land Use Regulations, Time-Share
Laws, Escrow Procedures,
Four land divisions in correct sequence. - .....ANSWER
...✔✔ Division one - oahu
Division Two - Maui Division three - Big Island,
Division four - Kauai.
What is an example of modular - .....ANSWER ...✔✔
Pre-fabricated buildings
Blockbusting - .....ANSWER ...✔✔ Making you feel
uncomfortable about who moved in your neighborhood
Steering - .....ANSWER ...✔✔ Race not fitting in with
another race.
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Land contract - .....ANSWER ...✔✔ Installment
contract/agreement of sale
Seller removed two speakers after the closing and to
hold a letter to the attic is his mom. What kind of
remediation can the buyer pursue. - .....ANSWER
...✔✔ Seller is liable, buyer can sue.
Can seller's agent withhold money from seller's proceeds
because the buyer is not satisfied with the buyer - seller
agreement repair? - .....ANSWER ...✔✔ No, only
escrow can withhold money
The purpose of FHA? - .....ANSWER ...✔✔ Is to
guarantee hi loan-to-value transaction. Stabilize the
market insurance program.
Does Hawaii statute cover fractional ownership? -
.....ANSWER ...✔✔ Yes. Six owners or less.
Why is planned development needed? - .....ANSWER
...✔✔ Make better use of the land.
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SMA stands for - .....ANSWER ...✔✔ Special
management area
Special management area is to protect - .....ANSWER
...✔✔ The ocean (wetlands).
About Radon - .....ANSWER ...✔✔ Easy to detect
cheap to fix
Sets back vs zoning - .....ANSWER ...✔✔ Set back - 5
ft to 10 ft from Street
zoning - resort, business, agricultural; controls what to do
with lands.
Who pays for drawing the deed? - .....ANSWER
...✔✔ Seller
In a "as is" contract, does the seller still need to get full
written disclosure. - .....ANSWER ...✔✔ Yes
Hula Mae loans - at least _ _ year lease and _ _ years
fix rate. - .....ANSWER ...✔✔ 35 year lease and 10
years fix lease.
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Not including executive meeting, who can attend board
meetings? - .....ANSWER ...✔✔ Members of the
association and all owners of the condo.
What is the Usery interest rate? - .....ANSWER ...✔✔
12%
Tax map key (TMK) order. - .....ANSWER ...✔✔
Division, zone, section, plot, partial
Who must disclose information on a disclosure
statement? - .....ANSWER ...✔✔ Seller or sellers
representative
Who does lava belong to you when it forms land? -
.....ANSWER ...✔✔ The state of Hawaii
A house sells for $500,000. It depreciates in 39 years.
What is the depreciation after 11 years. - .....ANSWER
...✔✔ $500,000/39×11 = $141,026
Taxes paid twice a year. If the house is assessed for
$250,000 and the tax rate is $1.50 per $100 ($15 per
Hawaii Real Estate Exam State Portion Only (2
versions) Includes 300+ Accurate And Verified
Questions Focused On Hawaii-Specific Real
Estate Laws, Licensing Requirements, Agency
Relationships, Land Use Regulations, Time-Share
Laws, Escrow Procedures,
Four land divisions in correct sequence. - .....ANSWER
...✔✔ Division one - oahu
Division Two - Maui Division three - Big Island,
Division four - Kauai.
What is an example of modular - .....ANSWER ...✔✔
Pre-fabricated buildings
Blockbusting - .....ANSWER ...✔✔ Making you feel
uncomfortable about who moved in your neighborhood
Steering - .....ANSWER ...✔✔ Race not fitting in with
another race.
,2|Page
Land contract - .....ANSWER ...✔✔ Installment
contract/agreement of sale
Seller removed two speakers after the closing and to
hold a letter to the attic is his mom. What kind of
remediation can the buyer pursue. - .....ANSWER
...✔✔ Seller is liable, buyer can sue.
Can seller's agent withhold money from seller's proceeds
because the buyer is not satisfied with the buyer - seller
agreement repair? - .....ANSWER ...✔✔ No, only
escrow can withhold money
The purpose of FHA? - .....ANSWER ...✔✔ Is to
guarantee hi loan-to-value transaction. Stabilize the
market insurance program.
Does Hawaii statute cover fractional ownership? -
.....ANSWER ...✔✔ Yes. Six owners or less.
Why is planned development needed? - .....ANSWER
...✔✔ Make better use of the land.
,3|Page
SMA stands for - .....ANSWER ...✔✔ Special
management area
Special management area is to protect - .....ANSWER
...✔✔ The ocean (wetlands).
About Radon - .....ANSWER ...✔✔ Easy to detect
cheap to fix
Sets back vs zoning - .....ANSWER ...✔✔ Set back - 5
ft to 10 ft from Street
zoning - resort, business, agricultural; controls what to do
with lands.
Who pays for drawing the deed? - .....ANSWER
...✔✔ Seller
In a "as is" contract, does the seller still need to get full
written disclosure. - .....ANSWER ...✔✔ Yes
Hula Mae loans - at least _ _ year lease and _ _ years
fix rate. - .....ANSWER ...✔✔ 35 year lease and 10
years fix lease.
, 4|Page
Not including executive meeting, who can attend board
meetings? - .....ANSWER ...✔✔ Members of the
association and all owners of the condo.
What is the Usery interest rate? - .....ANSWER ...✔✔
12%
Tax map key (TMK) order. - .....ANSWER ...✔✔
Division, zone, section, plot, partial
Who must disclose information on a disclosure
statement? - .....ANSWER ...✔✔ Seller or sellers
representative
Who does lava belong to you when it forms land? -
.....ANSWER ...✔✔ The state of Hawaii
A house sells for $500,000. It depreciates in 39 years.
What is the depreciation after 11 years. - .....ANSWER
...✔✔ $500,000/39×11 = $141,026
Taxes paid twice a year. If the house is assessed for
$250,000 and the tax rate is $1.50 per $100 ($15 per
