4 categories of land
o :## - Urban 4.5%
- Agriculture 47%
- Rural .2%
- Conservation 49%
De minimus
o :## 1997- created to correct all zoning issues
De minimus boundaries
o :## - Commercial 3"
- Residential 6"
- Agriculture 9"
- Conservation 18"
Tenancy in severalty
o :## one owner onl...
Hawaii Real estate Questions and Answers
4 categories of land
o :## - Urban 4.5%
- Agriculture 47%
- Rural .2%
- Conservation 49%
De minimus
o :## 1997- created to correct all zoning issues
De minimus boundaries
o :## - Commercial 3"
- Residential 6"
- Agriculture 9"
- Conservation 18"
Tenancy in severalty
o :## one owner only
Tenancy in Common
, 2024/2025 2|Page
o :## 2 people or more with unequal shares. If one passes, it'll go to their heirs not
other parties
Joint tenancy
o :## Husband/wife, equal shares. If one dies, it'll go to other party
tenancy by entriety
o :## Purposely for gay marriage. Same rule as joint tenancy
Real Estate Commission board
o :## - Made up of 9 members
- 4 licensed brokers
- 3 licensed sales agents
- 2 public members
- 4 Oahu
- 3 big island
- 1 Maui
- 1 Kauai
Recovery fund
, 2024/2025 3|Page
o :## Real estate agents pay $50 once licensed. This goes into a pool of $350,000
that can be used when an agent is getting sued
Real estate requirements
o :## 60 hr course
Take exam with 70% passing
50-55 questions
Valid contracts
o :## Competent parties
Mutual consent
Legal consideration (a promise)
Legal object (I'm gonna give this if you do this)
Taxes are a federal....
o :## Right
Valid Elements of a Deed
o :## - Must be in writing
- Must be signed by grantor (person giving the property)
- Have a competent grantor
- Awards of conveyance
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