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


Hawaii Exam Topics Pie Chart


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

Ascertaining And Disclosing Material Facts

Following Hawaii's annexation by the United States in 1898, the U.S. government established a system of territorial land ownership that included land patents and fee simple titles.

Types Of Ownership

The Hawaii Land Trust (HILT) was founded in 1999 and is a non-profit organization that works to protect and preserve natural and cultural resources in Hawaii through the use of land conservation.

Property Management

If a person under the lease is a victim of domestic violence and needs to move to protect themselves, they may break the lease with no penalty.

Land Utilization

Rural is 0.3% is designated rural.

Title And Conveyances

Non-Judicial Foreclosure is handled through a process outlined in the mortgage.

Contracts

Main provisions are purchase price, contingencies, closing date, earnest money deposit, property condition, brokerage representation and dispute resolution

Financing

In a Purchase Money Mortgage the buyer takes out a mortgage from the seller. The seller retains a security interest in the property.

Escrow Process And Closing Statements

A final walk-through must occur no later than 4 to 6 days before closing.

Professional Practices And Conduct

Military is NOT covered by Hawaii Fair Housing Laws or Federal Fair Housing Laws

Friday's Questions



If a license has been terminated by the real estate commission due to having to pay from the real estate recovery fund

A.) The licensee shall be eligible to receive a new license one year from the effective date of the termination
B.) The licensee shall be eligible to receive a new license two years from the effective date of the termination
C.) The licensee shall be eligible to receive a new license five years from the effective date of the termination
D.) The licensee will never be eligible to receive a license again

Topic:




If a license has been terminated by the real estate commission due to having to pay from the real estate recovery fund


Correct Answer:
The licensee shall be eligible to receive a new license five years from the effective date of the termination


Remember:
No real estate broker or real estate salesperson shall be eligible to receive a new license until the expiration of at least five years from the effective date of the termination of the license and until the terminated real estate broker or real estate salesperson has repaid in full, plus interest at the rate provided for in section 478-3, the amount paid from the real estate recovery fund on the terminated real estate brokers or real estate salespersons account.



Next Question →

What is one of the primary responsibilities of commercial property managers in Hawaii

A.) Performing tenant background checks
B.) Managing the finances of the property
C.) Negotiating lease agreements with potential tenants
D.) All of the above

Topic:


What is one of the primary responsibilities of commercial property managers in Hawaii


Correct Answer:
All of the above


Remember:
Commercial property managers are responsible for managing the finances of the property, including collecting rent and preparing financial reports. They also would be involved background checks and negotiating leases.



Next Question →

What is the primary purpose of the Real Estate Recovery Fund in Hawaii

A.) To provide financial assistance to Native Hawaiians
B.) To compensate individuals for real estate investment losses
C.) To support the development of Hawaiian homesteads
D.) To compensate victims of fraud, misrepresentation, or deceit in real estate transactions

Topic:


What is the primary purpose of the Real Estate Recovery Fund in Hawaii


Correct Answer:
To compensate victims of fraud, misrepresentation, or deceit in real estate transactions


Remember:
The Real Estate Recovery Fund is designed to compensate individuals who have suffered losses due to fraud, misrepresentation, or deceit in real estate transactions.



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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