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

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

Planned Unit Developments are a type of housing development in which individual homes or units are grouped together and share common areas and facilities, such as roads, parks, and recreational areas.

Property Management

If the tenant is in holdover for 60 days, the lease will resume on the 60th day at the normal, previous monthly rate.

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

Adverse possession is not possible against Land Court property.

Contracts

The Statute of Limitations is 6 years for recovery of debt founded upon a contract, obligation, or liability, whether or not it is in writing.

Financing

Loans made by corporations, partnerships, and trusts: 10% per annum or up to 5% above the Federal Reserve discount rate, whichever is greater.

Escrow Process And Closing Statements

Seller shall clean the property and have the carpets professionally shampooed no later than 5 to 7 days prior to 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



Per the Hawaii Statute of Frauds, a buyer agency agreement

A.) Must always be used when representing a buyer.
B.) May include agreements with customers.
C.) Is not regulated under the state license laws.
D.) Is unenforceable if not in writing and signed by both parties.

Topic:




Per the Hawaii Statute of Frauds, a buyer agency agreement


Correct Answer:
Is unenforceable if not in writing and signed by both parties.


Remember:
Even if an oral agreement was made it would not be enforceable per the Hawaii Statute of Frauds because it was not in writing. The Statute of Frauds needs a definitive start date due to the Statute of Limitations.



Next Question →

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 →

What is an Estate at Sufferance

A.) A leasehold estate that is renewed automatically for successive periods.
B.) A leasehold that is receiving rent less than market value
C.) An estate that arises when a tenant remains in the property after expiration
D.) A leasehold estate for a fixed period of time with automatic expiration.

Topic:


What is an Estate at Sufferance


Correct Answer:
An estate that arises when a tenant remains in the property after expiration


Remember:
An Estate at Sufferance arises when a tenant holds over the property after the lease has expired. This means that they refuse to move out at the end of the lease term.



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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