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

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 landlord wants to inspect a home they must give the tenant 48 hours. The tenant, once given proper notice, may not restrict the landlord from entering the premises.

Land Utilization

Conservation is 49% of land in Hawaii is designated conservation.

Title And Conveyances

Dual System means that properties are recorded in the Regular System and in the Land Court System.

Contracts

Mold inspection looks for evidence of mold or other harmful substances that may be present in the property.

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

Seller shall remove personal belongings and trash typically no later than 5 to 7 days prior to closing.

Professional Practices And Conduct

A licensee associated with a brokerage firm cannot form an entity to have the licensees earned commissions paid directly to the entity. Once earned, commissions are paid directly to the license by the broker only.

Monday's Questions



When looking at condominium development, what is the minimum bond requirement for a developer

A.) 1% of the total purchase price of all units
B.) 2% of the total purchase price of all units
C.) 5% of the total purchase price of all units
D.) 10% of the total purchase price of all units

Topic:




When looking at condominium development, what is the minimum bond requirement for a developer


Correct Answer:
2% of the total purchase price of all units


Remember:
The developer must obtain a bond or letter of credit equal to at least 2% of the total purchase price of all units.



Next Question →

Which type of property in Hawaii allows structures to extend the farthest onto the adjoining property according to De Minimis Structure Position Discrepancy rules

A.) Commercial, industrial, and multi-unit residential property
B.) Residential property
C.) Agricultural and rural property
D.) Conservation property

Topic:


Which type of property in Hawaii allows structures to extend the farthest onto the adjoining property according to De Minimis Structure Position Discrepancy rules


Correct Answer:
Conservation property


Remember:
Conservation property in Hawaii allows structures to extend the farthest onto the adjoining property, up to 1.5 feet / 18".



Next Question →

A buyer could not cancel his Purchase Contract and expect to have his earnest money deposit returned by

A.) Dying during escrow
B.) Disapproving the disclosure statement
C.) Failure to receive loan approval
D.) Disapproving the property inspection

Topic:


A buyer could not cancel his Purchase Contract and expect to have his earnest money deposit returned by


Correct Answer:
Dying during escrow


Remember:
A buyer could not cancel his Purchase Contract and expect to have his earnest money deposit returned by dying. In this instance the buyers estate would have to proceed with the transaction.



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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