HAWAII STATE REAL ESTATE QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE
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Module
HAWAII STATE REAL ESTATE
Institution
HAWAII STATE REAL ESTATE
lands extending inland from the shoreline as delineated on the maps filed with the counties
-:- Special Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided ...
HAWAII STATE REAL ESTATE
QUESTIONS AND CORRECT ANSWERS |
LATEST UPDATE
lands extending inland from the shoreline as delineated on the maps filed with the counties
✓ -:- Special Management Area (SMA)
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that the
salesperson or broker-salesperson shall not maintain or advertise a place of business other
than the principal place of business
✓ -:- TRUE
A brokerage firm may associate or employ a salesperson or broker- salesperson who
resides on an island different from that of the principal place of business, provided that any
advertisements on an island different from that of the principal place of business shall
disclose the name of the brokerage firm and the address and phone number of the principal
✓ -:- False. It is paid on 1st closing when purchased initally. It is also paid
when conveyed by a General Warranty Deed.
Time share 7 right of recision allows who to cancel?
✓ -:- buyer or seller
Time share 7 right of recision should be written or just oral?
✓ -:- Both written and oral.
time share acquisition agents who are not licensed as sales persons still must be registered
with the Commission as a time share acquisition agent. T or F
✓ -:- TRUE
The maximum allowable rate for USERY loans (person to person) is
✓ -:- 1%/month OR 12%/year
3|P a g e | G r a d e A + | 2 0 2 0 2 5
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