Hawaii Exam Questions And Answers 100%
Pass.
Notice of a condominium unit owners association meeting must - Answerbe delivered at least
14 days prior to the meeting
in order to rescind the purchase of a new condo from the developer, the purchasers must -
Answersubmit a signed recession form w/...
Notice of a condominium unit owners association meeting must - Answer✔be delivered at least
14 days prior to the meeting
in order to rescind the purchase of a new condo from the developer, the purchasers must -
Answer✔submit a signed recession form w/in 30 days from date of receiving the form
after the initial period, condo bylaws can be amended by - Answer✔67% of owners votes
if a time share developer receives a notice of cancellation and a refund is requested, how many
days does he have to make the refund before it constitutes an unfair or deceptive practice? -
Answer✔15 days
a developer will file a disclosure statement with the DCCA unless the development is exempt
from filing. whats true with regards to filing - Answer✔unless the development is exempt , the
developer may not offer/dispose of a timeshare unit or a timeshare interest unless the timeshare
plan is approved
a timeshare sales agent - Answer✔doesn't need to be registered
when lava flows into the ocean adding acreage to a piece of property the new ocean front
property belongs to - Answer✔state of hawaii
under the ULSPA, a developer who wants to market his land in hawaii - Answer✔must file
promotional material with the DCCA at least 7days prior to its use
an-application for the registration of a subdivision must include - Answer✔a letter of county
approval
property taxes in hawaii - Answer✔are due in 2 installments
the ULSPA applies to dispositions of an interest in land - Answer✔consisting of 25 separate lots,
parcel, units or interests in subdivided lands, by a person in a 12 month period
property may be foreclosed and sold at a public auction if the property tax is delinquent for -
Answer✔3 years
with regards to time share sales when can either party cancel the contract w/out penalty -
Answer✔within 7 calendar days after the execution of the contract to purchase an interest in a
timeshare plan or receipt of a disclosure statement
after record of a first unit sale and more than 40% of a condominium place is sold and recorded
when is the first owners association meeting held - Answer✔in 180 days
with mortgage default when can a home in hawaii be redeemed - Answer✔with in one year
what are the four categories under Hawaii Land Use Law - Answer✔conservation, rural, urban
and agricultural
HLUL is administered by - Answer✔county councils
long term ground lease grant rights beyond possession only - Answer✔if lease term is 15 years
or more and property tax can be assessed
grounds for landlord to keep the security deposit - Answer✔they must itemize cost in notice
if broker or BIC is absent from place of business for more than 30 days what must they do -
Answer✔send a written notification to Real Estate Commission of temporary Principal broker
regards to a listing or sales agreement - Answer✔exclusive sales must have definite termination
date
its not commingling to hold an uncashed check only if - Answer✔an acceptance of offer from a
buyer or after a seller directs it
Department of Commerce and Consumer Affairs - Answer✔oversees the regulatory activities of
25 boards and commissions
Regulated Industries Complaints Office RICO has no authority - Answer✔taking action that
involve employer or employee relations
if conducting real estate without a license - Answer✔civil penalties can be assessed along with a
fine of $1000
when does a real estate license expire - Answer✔december 31 on every even numbered year
condominium hotel operators must - Answer✔register a completed application form with
requested information
RICO may - Answer✔require a complaint to testify as a witness
REC can order immediate summary suspension for a period - Answer✔not to exceed 20 days
a person can find on a Tax map - Answer✔location of easements
in the development of land, the developer must be made aware of - Answer✔the rights of
traditional gathers ( native hawaiians)
how much will escrow withhold if a buyer authorizes Hawaii Real Property Tax Act (HARPTA)
withholding for a home that sold for $100,000 - Answer✔$5,000 cause its 5% of sales price
Hula Mae loans, for first time homebuyers - Answer✔may not always have funds available
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 or Stuvia-credit 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 Everly. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
