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

The fair market value of a property is the most probable price a property should bring in a competitive and open market under normal market conditions.

Types Of Ownership

The bond or letter of credit must remain in effect until the developer has completed construction and sold all units in the project.

Property Management

A broker who wishes to manage commercial property must hold a valid real estate broker's license or salespersons license.

Land Utilization

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

Title And Conveyances

Mortgage lien is placed on a property to secure a mortgage loan.

Contracts

The Statute of Limitations is 10 years for circuit court and district court judgment liens.

Financing

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

Escrow Process And Closing Statements

Seller is responsible for provide clear title, pay off outstanding debts & delivering possession.

Professional Practices And Conduct

The salesperson or broker-salesperson shall not maintain or advertise a place of business other than the principal place of business.

Friday's Questions



How long is a prospective purchaser typically given to review the Public Offering Statement for land sales in Hawaii

A.) 24 hours
B.) 3 days
C.) 7 days
D.) 10 days

Topic:




How long is a prospective purchaser typically given to review the Public Offering Statement for land sales in Hawaii


Correct Answer:
7 days


Remember:
A prospective purchaser is typically given 7 days to review the Public Offering Statement before signing a purchase contract in Hawaii.



Next Question →

If a real estate licensee wanted to advertise in a magazine, what is one of the key requirements for displaying the brokerage firm's name

A.) Only the agents name need to be displayed
B.) The brokerage information needs to be displayed equally with the licensee's name
C.) The brokerage information needs to be displayed in a larger font size than the licensee's name
D.) The brokerage information always needs to be located in the bottom right corner

Topic:


If a real estate licensee wanted to advertise in a magazine, what is one of the key requirements for displaying the brokerage firm's name


Correct Answer:
The brokerage information needs to be displayed in a larger font size than the licensee's name


Remember:
The name of the brokerage firm must be displayed in a larger font size than the licensee's name.



Next Question →

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 →

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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