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


Hawaii Exam Topics Pie Chart


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

Ascertaining And Disclosing Material Facts

Once a property tax lien has been in existence for three years, the tax collector can sell the home at a public auction to collect the delinquent taxes.

Types Of Ownership

Sole Ownership is owned by a single individual. Only one signature is needed to transfer the property.

Property Management

If a monthly lease is signed and a landlord has a desire to end the tenancy, they must provide written notice no less than 45 days prior to the end of the lease.

Land Utilization

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

Title And Conveyances

Adverse possession is not possible against Land Court property.

Contracts

Appraisal Contingency states that if the property appraises for less than the purchase price, either party may have the right to terminate the contract or renegotiate the purchase price.

Financing

Agreement of Sale Contract, Installment Contract & Contract for Deed all refer to a Land Contract.

Escrow Process And Closing Statements

Buyer's closing statement is known as the buyer's settlement statement, and detailsall of the costs related to the buyer and show the amount needed at closing.

Professional Practices And Conduct

Brokers must maintain accurate records of all trust account transactions and ensure that the amount of their own money in the account is kept to a minimum.

Sunday's Questions



At what point must the licensee representing a buyer disclose his agency to the seller

A.) Upon first introductions.
B.) Once the papers are finalized.
C.) Before negotiations start.
D.) It is not necessary to disclose that information until opening escrow.

Topic:




At what point must the licensee representing a buyer disclose his agency to the seller


Correct Answer:
Before negotiations start.


Remember:
A licensee representing a buyer shall disclose, orally or in writing, such agency to the seller, or the listing brokerage firm if there is a listing brokerage firm, before negotiations are initiated.



Next Question →

Which type of leasehold estate can be terminated at any time by either party

A.) Estate for Years
B.) Periodic Estate
C.) Estate at Will
D.) Estate at Sufferance

Topic:


Which type of leasehold estate can be terminated at any time by either party


Correct Answer:
Estate at Will


Remember:
An Estate at Will can be terminated at any time by either party.



Next Question →

Of the following, which fund receives the balance of conveyance tax funds after allocations to other funds have been made

A.) Land Conservation Fund
B.) Rental Housing Revolving Fund
C.) Agricultural Development and Food Security Fund
D.) General fund

Topic:


Of the following, which fund receives the balance of conveyance tax funds after allocations to other funds have been made


Correct Answer:
General fund


Remember:
After allocations to specific funds, the balance of conveyance tax funds goes into the general fund.



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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