The Key To Passing The Hawaii Real Estate Exam Is Understanding The Topic Areas


Hawaii Exam Topics Pie Chart


Tuesday's Key Points
Key Point's are important bullet points that relate to Hawaii state exam topic areas.

Ascertaining And Disclosing Material Facts

10% or $6.8 million of Conveyance Taxes go to the Land Conservation Fund.

Types Of Ownership

A Condominium project is established by the filing of the Master Deed / Land Division, Declaration, Bylaws & the Condominium map.

Property Management

Property managers in Hawaii must hold a valid real estate license

Land Utilization

The building and planning departments for each county in Hawaii are responsible for implementing local land use and zoning regulations, reviewing and approving development projects, and providing information and assistance to the public.

Title And Conveyances

Mortgage lien is placed on a property to secure a mortgage loan.

Contracts

The Statute of Limitations is 2 years for non-disclosure of material defects IF seller has acted in good faith, completed the disclosure form, and no fraud was intended.

Financing

Agreement Of Sale allows the seller to retain legal ownership of the property until the purchase price is fully paid.

Escrow Process And Closing Statements

The closing disclosure is typically completed and provided to the parties involved in the transaction at least 3 days before the closing date.

Professional Practices And Conduct

Dual agency occurs when a real estate broker or agent represents both the buyer and seller in the same transaction.

Tuesday's Questions



What types of housing is allowed to be included in a Planned Unit Development project

A.) Single-family homes only
B.) Only townhouses and condominiums
C.) Hotels and resort properties only
D.) A mix of different housing types are allowed

Topic:




What types of housing is allowed to be included in a Planned Unit Development project


Correct Answer:
A mix of different housing types are allowed


Remember:
PUDs allow for a mix of different housing types, including single-family homes, townhouses, and condominiums.



Next Question →

What is the GET tax rate on long term rentals over 30 days

A.) 1.29%
B.) 4.5%
C.) 7.25%
D.) 10.25%

Topic:


What is the GET tax rate on long term rentals over 30 days


Correct Answer:
4.5%


Remember:
Hawaii General Excise Tax (GET) of 4.50 % is due on all long term rental of over 30 days. GET and Transient Accommodation Tax (TAT) of 10.25% is due on all short term rentals of under 30 days.



Next Question →

What environmental factor can affect real estate in Hawaii by causing damage to buildings, changes in the local landscape, and air quality issues

A.) Hurricanes
B.) Tsunamis
C.) Earthquakes
D.) Volcanic Activity

Topic:


What environmental factor can affect real estate in Hawaii by causing damage to buildings, changes in the local landscape, and air quality issues


Correct Answer:
Volcanic Activity


Remember:
Volcanic activity in Hawaii can lead to various issues, including damage to buildings, landscape changes, and air quality concerns due to volcanic gases and ash.



Next Question →

Great Job!!!

We Strongly Believe That Passing The Hawaii State Exam Involves Two Key Areas:
· Understanding The Topics On The State Exam
· Recognizing These Topics In The Questions

Our real estate exam system will reinforce topics by utilizing questions specific to the Hawaii real estate exam.

Crash Courses: Designed to help you understand the topics on the state exam.

Practice Exams: Reinforce topics and make it easier to recognize them in questions.

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