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


Hawaii Exam Topics Pie Chart


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

Ascertaining And Disclosing Material Facts

FIRPTA is a federal tax law that applies to the sale of U.S. real estate by foreign persons or entities.

Types Of Ownership

Leasehold ownership is a temporary right to hold property.

Property Management

Property managers in Hawaii must hold a valid real estate license

Land Utilization

Environmental Impact Statement is a more detailed report that provides a comprehensive analysis of a project's environmental impact and outlines any measures that will be taken to mitigate those impacts.

Title And Conveyances

Express Easements are created by a written agreement between parties.

Contracts

The Statute of Limitations is 20 years for adverse possession and easement by prescription.

Financing

A judge will hold a confirmation hearing 30 days after the sale where the judge opens the bidding again. A new bid must be 5 percent higher than the original bid.

Escrow Process And Closing Statements

The purpose of the final walkthrough is to confirm the property is in the same condition from when the offer was made and inspect any repairs or corrections made by the seller.

Professional Practices And Conduct

The Commission may require additional education or training as a condition of reinstatement, and reinstatement is not guaranteed.

Thursday's Questions



As defined by Hawaii real estate licensing law, the term seller also includes

A.) Grantor of an option.
B.) Lessor.
C.) Vendor.
D.) All of the other options are correct

Topic:




As defined by Hawaii real estate licensing law, the term seller also includes


Correct Answer:
All of the other options are correct


Remember:
The term seller also covers the lessor, the vendor, and the grantor.



Next Question →

Broker Jack is managing vacation rentals for a group of owners. Every month he takes 15% of the total rental fees the owners received as his commission. He has a habit of leaving $100 of his earned commissions in the account at all times. What best describes is actions

A.) This is commingling and Jack can expect the commission to take disciplinary action
B.) This is commingling and Jack can expect the owners to file a complaint
C.) Jack needs to notify the commission of this overage being left in the account
D.) It is legal for Jack to leave this money in the account

Topic:


Broker Jack is managing vacation rentals for a group of owners. Every month he takes 15% of the total rental fees the owners received as his commission. He has a habit of leaving $100 of his earned commissions in the account at all times. What best describes is actions


Correct Answer:
It is legal for Jack to leave this money in the account


Remember:
The broker is allowed to leave a reasonable amount of money in their account in order to cover any banking fees or service charges related to their trust account.



Next Question →

What is a De Minimis Structure Position Discrepancy in Hawaii

A.) A major boundary issue created by new zoning regulations
B.) A small discrepancy between a structure and its legal description
C.) A county building regulation based around setbacks and orientation
D.) A historical / cultru structure located in a coastal area

Topic:


What is a De Minimis Structure Position Discrepancy in Hawaii


Correct Answer:
A small discrepancy between a structure and its legal description


Remember:
A De Minimis Structure Position Discrepancy refers to a small discrepancy between a structure's location and its legal description on the property's title.



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

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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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