Hawaii Real Estate Exam Questions & Answers Already Graded A +
7 views 0 purchase
Module
Hawaii Real Estate
Institution
Hawaii Real Estate
Luke just purchased a property for $325,000, which was over list price. The Hawaii County assessed
property value is $318,000. He's eligible for a $40,000 homeowner exemption and other exemptions of
$5,000. His GET for the year was $80. On what amount will his property tax be calculated?
a.)$272...
Hawaii Real Estate Exam
Luke just purchased a property for $325,000, which was over list price. The Hawaii County assessed
property value is $318,000. He's eligible for a $40,000 homeowner exemption and other exemptions of
$5,000. His GET for the year was $80. On what amount will his property tax be calculated?
a.)$272,920
b.)$273,000
c.)$278,000
d.)$318,000 - b.)$273,000
**Jeanine sold her Kihei duplex to Carlton for $418,000, and closing is on May 16. Each unit rents for
$530 per month. The tenants paid rent in full on May 1. At closing, how will prorated rent be shown on
the closing statements?
Which of these acknowledgments do buyers and sellers make by signing the HAR Purchase Contract
form?
A.)The brokerage firm makes no guarantee as to the tax map key.
B.) The brokerage firm must ask permission before placing any ads or property signage.
C.) The buyers are purchasing the property in as-is condition.
D.) The seller makes no guarantee regarding the property's future resale value - D.) The seller
makes no guarantee regarding the property's future resale value
,In which of these situations does a Hawaii licensee have a disclosable ownership interest in the
property?
a.) Carson represents both the buyer and the seller in a transactions.
b.) Kennedy is representing his LLC in the purchase of a commercial building.
c.)Rebecca is listing her neighbor's vacation home.
d.) Roger is listing a property that he sold to the current owner eight years ago. - b.) Kennedy is
representing his LLC in the purchase of a commercial building.
Lily owned a double lot on the waterfront. She sold the lot to Hannah and placed a private restriction
prohibiting anything taller than a one-story building. Hannah wants to build a three-story house. What is
her most likely option?
a.)Apply to the zoning board of appeals for a variance.
b.)Check to see if the building and zoning regulations will permit a larger house.
c.)Conform to the deed restriction.
d.)File suit against Lily to have the restriction removed. - c.)Conform to the deed restriction.
Hawaii's laws around consent require that Hawaii contracts be signed without undue influence or duress.
Which of these situations is an example of duress?
a.)Lokelani cries and acts as if she's distraught over her mother's safety to get her mother to move out of
the family home.
b.)Lono describes to his mother the reasons that her property won't sell for as much as she thinks it
should.
c.) Maik shows her grandmother information from properties that really aren't comparable to hers to
convince her to sell the property at a reduced price.
d.) Nalani threatens to expose a family secret if Oke refuses to agree to sell their house. - d.)
Nalani threatens to expose a family secret if Oke refuses to agree to sell their house.
,Which of these activities would a principal broker most likely be required to perform in the proper
supervision of associated licensees?
a.)To create a mission statement and core values for the firm
b.)To require associated licensees to be in the office to greet potential clients
c.)To train associated licensees how to generate leads
d.)To train associated licensees on relevant real estate laws and rules - d.)To train associated
licensees on relevant real estate laws and rules
Homeowner exemptions in Hawaii are a way to ________.
a.)Ensure preservation of historic structures
b.)Give tax breaks to individuals who live in Hawaii year-round
c.)Increase funding for public programs and services
d.)Level the playing field between counties - b.)Give tax breaks to individuals who live in Hawaii
year-round
The Hawaii Real Estate Recovery Fund paid a claim to one of Jarod's clients. Which of these statements is
true?
a.)Jarod's license will be forfeited until he reimburses the recovery fund.
b.)Jarod's license will be terminated for at least five years.
c.)Jarod's license will be terminated indefinitely.
d.)Jarod's license will be terminated unless he reimburses the fund within 90 days. - b.)Jarod's
license will be terminated for at least five years.
For the real estate industry, what's the primary impact of the PASH decision?
a.)It prohibits private property owners from disallowing access to their shoreline properties.
b.)The ambiguous nature of the decision places into question what access property owners can and can't
prohibit.
c.)The strict enforcement regulations contained in the decision make it difficult for property owners to
protect their access rights.
, d.)Title companies are prohibited from excluding claims related to traditional native gathering rights. -
b.)The ambiguous nature of the decision places into question what access property owners can
and can't prohibit.
In Hawaii, which of these conditions would qualify a domestic violence victim for early release from a
lease?
a.)The victim has abandoned the property.
b.)The victim is a member of protected class.
c.)The victim provides documentation from the courts or the police.
d.)The victim submitted the request to terminate the lease in writing. - c.)The victim provides
documentation from the courts or the police.
Jasmine's client presented her with an earnest money check on Friday evening. By when must Jasmine
deliver the check to the escrow company?
a.)The next business day
b.) The next day
c.)Within three business days
d.)Within two business days - a.)The next business day
Which of these statements about the Hawaii property disclosure form and distressed or short sale
properties is FALSE?
a.)Jenson is selling his condominium to his son. He's not required to provide a seller's property disclosure
form.
b.) Jonah must disclose the amount of his mortgage loan when selling the property as a short sale.
c.)Mark, the trustee in a bankruptcy proceeding is selling a home. Mark isn't required to provide a
disclosure form.
d.) Oahu Bank and Trust is selling a property acquired through foreclosure. The lender is required to
provide a seller's property disclosure form. - d.) Oahu Bank and Trust is selling a property acquired
through foreclosure. The lender is required to provide a seller's property disclosure form.
Certain exemptions to Hawaii and federal fair housing laws exist. Which of these is most likely to be
considered discrimination?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.57. You're not tied to anything after your purchase.
