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Exam (elaborations)

Hawaii Real estate Questions and Answers

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  • Course
  • Hawaii Real estate
  • Institution
  • Hawaii Real Estate

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...

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  • September 2, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Hawaii Real estate
  • Hawaii Real estate
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ExamArsenal
2024/2025 1|Page




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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