NATIONAL REAL ESTATE EXAM – HAWAII QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE
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Course
NATIONAL REAL ESTATE
Institution
NATIONAL REAL ESTATE
In MOST states, when a first mortgage is foreclosed and the property has been sold, junior
liens
-:- no longer have any claim on the property.
A judgment has been properly recorded. Any subsequent purchasers, whether they have
actually examined the record or not, have been given
-:- constr...
NATIONAL REAL ESTATE EXAM –
HAWAII QUESTIONS AND CORRECT
ANSWERS | LATEST UPDATE
In MOST states, when a first mortgage is foreclosed and the property has been sold, junior
liens
✓ -:- no longer have any claim on the property.
A judgment has been properly recorded. Any subsequent purchasers, whether they have
actually examined the record or not, have been given
✓ -:- constructive notice.
A salesperson lists a property with a contract that allows for sub agency and dual agency.
The salesperson is
✓ -:- an agent to the broker and subagent to the principal.
What is the term used for the person or organization who acts as an intermediary for the
The real estate broker who is listing a house for sale should personally verify
✓ -:- the number of square feet in the building.
When someone has living heirs but dies without leaving a will, the estate is distributed
according to the
✓ -:- statute of descent
A mentally disabled person who has been declared incompetent by a judge wished to enter
into a contract. Under what conditions can such a person do so?
✓ -:- The person appointed by the court to act for the disabled person
must contract on his or her behalf.
Ownership of common stock in a corporation gives
✓ -:- an interest that is classified as personal property.
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