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Hawaii Real Estate Exam State OnlyStudy online at https://quizlet.com/_40ha3
1. Land ownership documents are recorded in the public record at: Bureau of
Conveyances in Honolulu
2. The land classification containing the smallest amount of land state-wide
is: Rural
3. A division of land extending from the top of the mountain to the ocean is
called: Ahupua'a
4. A husband or wife may claim a 1/3 elective share of the other's estate at the
decedent's death under what code?: Under Hawaii's Uniform Probate Code for
properties sold after July 1, 1977.
5. Under Hawaii's Uniform Probate Code, how much can a spouse claim at the
decedent's death?: 1/3 elective share for properties sold after July 1, 1977.
6. Jackson Hillario exercised his right of election when his wife died and left
everything to her ex- husband. Will he receive real, personal, or nothing, or
both? How much?: a portion of both her real and personal property, depending on
how long they were married.
7. At least one member of the board of directors of a Hawaii corporation must
be:: a resident of Hawaii.
8. T or F: A benefit of placing real property in a land trust may be that it avoids
ancillary probate for non-residents.: True.
9. T or F: A benefit of placing real property in a land trust may be that it allows
the property to be registered in Land Court.: False.
10. T or F: A benefit of placing real property in a land trust may be that it serves
as an alternative to an agreement of sale.: True.
11. T or F: A benefit of placing real property in a land trust may be that it
prevents partitioning.: True.
12. The beneficial interest of the owner of real property held in a land trust is
considered what kind of property?: Personal property
13. T or F: In Hawaii a partnership which participates in real estate dealings
as part of its business must have an individual licensed broker designated as
the principal broker of the brokerage business.: True.
14. T or F: In Hawaii a partnership which participates in real estate dealings
as part of its business must have all members of the partnership licensed,
with one as a licensed broker in charge of the brokerage business.: False. It
must have an individual licensed broker designated as the principal broker of the
brokerage business.
15. T or F: In Hawaii a partnership which participates in real estate dealings as
part of its business must have all persons involved in the brokerage aspects
of the business licensed as brokers.: False. It must have an individual licensed
broker designated as the principal broker of the brokerage business.
, Hawaii Real Estate Exam State Only
Study online at https://quizlet.com/_40ha3
16. T or F: In Hawaii a partnership which participates in real estate dealings
as part of its business must have a licensed broker to supervise the licensed
salespersons but anyone who is licensed as a broker may operate indepen-
dently on behalf of the partnership.: False. It must have an individual licensed
broker designated as the principal broker of the brokerage business.
17. What Hawaii state law aims to protect purchasers of subdivided vacant
lots from deceptive practices and abuses?: Uniform Land Sales and Practices
Act (ULSPA)
18. A prospectus of possible house plans that can be built on the site is:: a
public offering statement
19. How many days must the subdivider give the prospective purchaser to
review the public offering statement?: Seven
20. T or F: If the developer does not provide a public offering statement to each
buyer of non-exempted subdivided land, the Director may issue a cease and
desist order, stop sales, and revoke the registration.: True.
21. Early in the process of developing a condominium the Commission will
examine the project and issue:: An effective date for the public report.
22. T or F: The declaration of a condominium development would contain a
description of the land on which it is to be built.: True.
23. T or F: The declaration of a condominium development would contain the
names of the board of directors of the owners association.: False.
24. T or F: The declaration of a condominium development would contain a
description of the limited common elements.: True.
25. T or F: The declaration of a condominium development would contain the
percentage of undivided interest in the common elements appurtenant to each
apartment.: True.
26. T or F: Regarding condominiums under HRS 514B, owners have equal
rights to usage of the common elements.: True.
27. T or F: Regarding condominiums under HRS 514B, liens may attach to
common elements.: False. Under HRS 514B owners have equal rights to usage
of the common elements.
28. T or F: Regarding condominiums under HRS 514B, the land is considered
a limited common element.: False. Under HRS 514B owners have equal rights to
usage of the common elements.
29. If Sally purchases a "vacation license," she is buying a:: Time share unit
30. T or F: An individual owner in a condominium can normally attend annual
owners association meetings.: True.
31. According to the time share law, an exchange agent is a person who:: op-
erates an exchange program.
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