Module 2- Hawaii Real Estate Pre-Licensing Course Questions and Answers well Explained Latest 2024/2025 Update 100% Correct.
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Course
Module 2- Hawaii Real Estate Pre-Licensing Course
Institution
Module 2- Hawaii Real Estate Pre-Licensing Course
1) Which of the following is required to be licensed as a real estate broker?
A) A residential real estate loan office
B) A commercial escrow officer
C) Both of the above
D) None of the above - D) None of the above
2) The Real Estate Commission may revoke or suspend a license for which of the ...
Module 2- Hawaii Real Estate Pre-
Licensing Course
1) Which of the following is required to be licensed as a real estate broker?
A) A residential real estate loan office
B) A commercial escrow officer
C) Both of the above
D) None of the above - D) None of the above
2) The Real Estate Commission may revoke or suspend a license for which of the following?
A) Acting for both the buyer and the seller in a real estate transaction and collecting commissions from
both, after obtaining their oral consents to do so.
B) An attempt by a salesperson to represent a real estate broker other than his employer
C) Both of the above
D) None of the above - C) Both of the above
The consents must be in writing and not orally. A salesperson can only work for one broker and all
commissions must come through the broker.
3) Under the Licensing Laws, an inactive licensee is not permitted to advertise "For Sale by Owner"
(FSBO).
A) True
B) False - A) True
4) If a licensee fails to pay the renewal fee when due, the license is:
A) Revoked
B) Rescinded
C) Forfeited
, D) Suspended - C) Forfeited
A license is forfeited when the renewal fees or any other fees that are assessed to licensees are not paid
by the due date.
5) In order to reinstate a license that has been terminated because of payment out of the Recovery
Fund, the person must:
A) Make full restitution to the Recovery Fund of all payments made on his behalf
B) Pay interest on the sum expended from the recovery fund
C) Both of the above
D) None of the above - C) Both of the above
6) Real Estate Licensing Laws are constitutional because they represent a valid exercise of the State's
Police Power.
A) True
B) False - A) True
7) A check for earnest money deposit may be made payable to which of the following?
A) The salesperson who showed the property
B) The broker with whom the property is listed
C) Both of the above
D) None of the above - B) The broker with whom the property is listed
The check can be made payable to the escrow company, the buyer's broker trust fund or the seller's
broker client trust fund.
8) A licensee is entitled to a hearing when the license is:
A) Suspended
B) Terminated
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