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


Hawaii Exam Topics Pie Chart


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

Ascertaining And Disclosing Material Facts

Ownership in the Land Court System is determined by a court ruling, and a certificate of title is issued by the Land Court.

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 tenant is in material violation of the lease, the landlord can send a 10-day notice giving the tenant the opportunity to rectify the problem, unless the damage was done to a person or violates statute, in this event there is no notice needed.

Land Utilization

Environmental Assessment is a preliminary review that helps the agency determine if an Environmental Impact Statement is necessary.

Title And Conveyances

The maximum term for an agricultural leasehold in Hawaii is 45 Years. This would include a standard 30 year lease, with the possibility of renewal for an additional 15 years.

Contracts

Home Inspections assess the overall Mechanical condition of the property.

Financing

Non-Judicial Foreclosure Process requires the lender to mail a copy of the notice to the borrower within 30 days.

Escrow Process And Closing Statements

If the seller becomes aware of anything that directly, substantially or adversely affects the property they are obligated to disclose and Buyer may cancel the contract.

Professional Practices And Conduct

The Hawaiian Home Lands program was established in 1920 by the U.S. Congress, which set aside approximately 200,000 acres of land for the benefit of Native Hawaiians.

Monday's Questions



What does the escrow holder provide at the end of the real estate transaction to detail all of the costs that were associated with the transaction

A.) HUD-2 Closing Statement
B.) Final Settlement Statement
C.) Updated Grant Deed
D.) Title insurance policy

Topic:




What does the escrow holder provide at the end of the real estate transaction to detail all of the costs that were associated with the transaction


Correct Answer:
Final Settlement Statement


Remember:
The escrow holder provides a final settlement statement that details all costs associated with the transaction.



Next Question →

How much notice must a landlord give a tenant before inspecting the home

A.) 12 hours
B.) 24 hours
C.) 48 hours
D.) 72 hours

Topic:


How much notice must a landlord give a tenant before inspecting the home


Correct Answer:
48 hours


Remember:
A landlord must give the tenant 48 hours' notice before inspecting the home.



Next Question →

Of the following, what specific records are brokers required to keep in Hawaii

A.) Records of all transactions
B.) Records of all properties listed, but not sold
C.) Records of all client funds
D.) All of the above

Topic:


Of the following, what specific records are brokers required to keep in Hawaii


Correct Answer:
All of the above


Remember:
Brokers are required to maintain complete and accurate records of their transactions and activities, including: Records of all transactions, Contracts, Agreements, Closing statements & Records of all client funds received and disbursed.



Next Question →

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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

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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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