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HAWAII REAL ESTATE EXAM QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE $14.09   Add to cart

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HAWAII REAL ESTATE EXAM QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE

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What is Hawaii's residential property disclosure form? A.) A statement of the condition the home will be in after repairs are completed B.) A statement that lists all home upgrades the seller made C.) A statement that outlines the home repairs made in the past five years D.) A statement the sel...

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  • September 17, 2024
  • 83
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • REAL ESTATE
  • REAL ESTATE
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




HAWAII REAL ESTATE EXAM
QUESTIONS AND CORRECT ANSWERS |
LATEST UPDATE
What is Hawaii's residential property disclosure form?




A.) A statement of the condition the home will be in after repairs are completed


B.) A statement that lists all home upgrades the seller made




C.) A statement that outlines the home repairs made in the past five years


D.) A statement the seller provides to the buyer that outlines all known property defects


✓ -:- D.) A statement the seller provides to the buyer that outlines all

known property defects




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.




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,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




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.




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,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




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.




**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?


a.)$494.66 seller credit, buyer debit


b.)494.66 seller debit, buyer credit


c.)$565.33 seller credit, buyer debit


d.)$565.33 seller debit, buyer credit


✓ -:- b.)494.66 seller debit, buyer credit




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.




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, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




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.




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