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HAWAII REAL ESTATE FINAL EXAM QUESTIONS AND ANSWERS
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HAWAII REAL ESTATE FINAL EXAM QUESTIONS AND ANSWERS
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HAWAII REAL ESTATE FINAL EXAM QUESTIONSAND ANSWERS 2024 - 2025
Which,of,the,following,is,true,with,regard,to,timeshare,sales?,,ANS,-
,,Within,seven,calendar,days,after,the,execution,of,the,contract,to,purchase,an,interest,in,a,timeshare,pl
an,or,receipt,of,a,disclosure,statement,,whichever,occurs,later,,either,party,may,cancel,the,contract,with
out,penalty.
If,40%,or,more,of,a,condominium,project,has,been,sold,and,recorded,,the,first,meeting,of,a,condominiu
m,unit,owners',association,must,be,held,within,how,many,days,after,the,recordation,of,the,first,unit,sale
?,,ANS,-,,180.
A,Hawaii,property,owner,can,redeem,his,property,within,one,year,after...,,ANS,-,,a,real,property,tax,sale.
Under,Hawaii's,Land,Use,Law,,land,is,classified,into,four,categories.,One,of,these,is...,,ANS,-
,,conservation.
Hawaii's,Land,Use,Law,is,administered,by,the...,,ANS,-,,State,Land,Use,Commission.
Long-
term,ground,leases,grant,property,rights,beyond,possession,in,the,State,of,Hawaii,,including...,,ANS,-
,,the,lessee,is,considered,to,be,the,owner,of,the,real,property,for,the,purpose,of,assessing,property,taxes
,,if,the,lease,term,is,for,15,years,or,more.
If,a,landlord,has,grounds,for,keeping,all,or,some,of,the,security,deposit,,which,of,the,following,is,true,of,
his,notice,to,the,tenant?,,ANS,-,,He,must,itemize,his,costs,in,the,notice.
With,regard,to,lawsuits,over,security,deposits...,,ANS,-
,,the,tenant,has,one,year,to,bring,action,to,recover,all,or,part,of,the,security,deposit.
Money,held,in,trust,for,others...,,ANS,-
,,must,be,kept,in,separate,special,bank,accounts,,separated,from,the,money,of,the,principal,broker,or,br
oker,in,charge.
, Regarding,supervision,of,a,brokerage,office...,,ANS,-,,Neither,A,nor,B,(none,of,the,above).
A,Hawaii,brokerage,firm,must,do,each,of,the,following,EXCEPT...,,ANS,-
,,register,all,of,its,branch,offices,with,the,Real,Estate,Commission.
Before,a,principal,broker,or,broker,in,charge,is,absent,from,the,principal,place,of,business,for,more,than,
30,days,,the,principal,broker,must...,,ANS,-
,,send,written,notification,to,the,Real,Estate,Commission,of,a,temporary,principal,broker.
Which,of,the,following,is,true,regarding,listings,and,sales,agreements?,,ANS,-
,,Exclusive,listings,must,have,a,definite,termination,date.
It,is,not,commingling,to,hold,an,uncashed,check...,,ANS,-,,Both,A,and,B:
A.,until,acceptance,of,an,offer,,when,the,buyer,or,offeror,so,directs.
B.,after,acceptance,of,an,offer,,when,a,seller,or,offeree,so,directs.
The,Department,of,Commerce,and,Consumer,Affairs...,,ANS,-
,,oversees,the,regulatory,activities,of,25,boards,and,commissions.
The,Regulated,Industries,Complaints,Office,(RICO),has,NO,authority,to...,,ANS,-
,,take,action,in,areas,involving,employer/employee,relations.
The,Real,Estate,Commission,may,require...,,ANS,-,,All,of,the,above:
A.,that,an,applicant,for,a,broker,license,be,currently,licensed,to,a,salesperson.
B.,proof,that,the,applicant,is,competent,,trustworthy,and,fair,and,has,financial,integrity.
C.,proof,that,the,applicant,has,satisfied,all,applicable,business,registration,requirements,prior,to,applying
,for,licensure.
The,Real,Estate,Commission,may,refuse,to,renew,,reinstate,or,restore,a,license,for,all,of,the,following,rea
sons,EXCEPT...,,ANS,-,,making,truthful,although,improbable,statements.
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