Hawaii Exam Practice Questions
Which agency enforces Title II under the Americans with Disabilities Act of 1990, when it relates to
state and local public housing, housing assistance, and housing referrals? - ANS - Dep
...
Hawaii Exam Practice Questions
Which agency enforces Title II under the Americans with Disabilities Act of 1990, when it relates to
state and local public housing, housing assistance, and housing referrals? - ANS - Department of
Housing and Urban Development
Which task is NOT the responsibility of an escrow officer?
Determine how earnest money is to be distributed in case of a dispute.
Manage transaction documents from all parties.
Prepare closing documents and manage the closing meeting.
Verify funding of the buyer's loan. - ANS - Verify funding of the buyer's loan.
Tustin Development just released its first block of condo units for sale. If Jen purchases one of these
first units, to which of these might she be required to agree? - ANS - To live in the unit for at least one
year
The landlord must file the eviction suit within ______ days of the lease expiration. - ANS - 60
Marcus died without a will and with no known heirs. What happens to his real property? - ANS - After
15 years, the state may acquire the property through the process of escheat.
Ad valorem taxes are based on what? - ANS - The property's assessed value
As late as the 1960s, a significant portion of Hawaii lands were leasehold rather than fee simple. The
Land Reform Act of 1967 provided for ______ - ANS - Mandatory leasehold conversions through
condemnation
Stan is stubbornly dragging his feet in sending the escrow agent information about his loan so the
escrow officer can get Stan's loan payoff data. Which Hawaii document addresses how Stan should be
working with escrow? - ANS - Escrow instructions
The Hawaii Condominium Property Act requires that developers designate which percentage of condo
developments to be sold to buyers who plan to occupy their units? - ANS - 50%
HARPTA - ANS - Hawaii Real Property Tax
If not exempt, how much are buyers required to withhold from HARPTA? - ANS - 7.25% of sales price
Tabitha included an inspection contingency in her purchase contract. After an expert property
inspection, Tabitha became concerned about the safety of the property. Before the deadline stated in the
contract, Tabitha's agent called the listing agent to terminate the contract. Which of these statements is
true?
-Tabitha is only permitted to terminate the contract after attempting to negotiate with the seller.
-Tabitha's agent should have provided written notice of the contract termination.
-Tabitha should have contacted the seller directly to terminate the contract.
-The seller must return Tabitha's earnest money deposit. - ANS - Tabitha's agent should have provided
written notice of the contract termination.
In a tax map key, what does CPR stand for? - ANS - Condominium property regime
What is the island number for each county? (TMK number) - ANS - 1 Oahu
2 Maui
3 Big Island
4 Kauai
Can a business advertise "NO GET Tax" on their shop, if they cover the tax expense? - ANS - No
How many days before foreclosure can one exercise the right of redemption? - ANS - 3 days
If a party doesn't have legal capacity and enters into a contract anyway, the contract is voidable by
which party? - ANS - the party lacking legal capacity
Jason, the seller, signed the closing documents on his house on June 15. Escrow verified the deposit of
good funds on June 17. Sierra, the buyer, signed her closing documents on June 18. Escrow recorded the
deed and mortgage documents on June 19. What is the closing date? - ANS - June 19
Ron and Eliana are neighbors. Ron wants to buy Eliana's Maui rental property. In the contract that Ron
and Eliana sign, Ron is identified only as "the neighbor." Which statute or contract element does this
violate? - ANS - Statue of Frauds
Carlton signed a contract to build an addition to Tom's Oahu house on March 1. He began work March
15. He completed work on May 21. On May 31, he filed an application for a lien. If approved, what is
the date the lien attaches to the property? - ANS - March 15
Kyla is a broker who's been designated by her brokerage company to oversee all brokerage operations.
What is Kyla's role? - ANS - Principle Broker
When an owner sells a property that's subject to a lease agreement, the new owner has ___ days to notify
tenants of the security deposit transfer. - ANS - 20
In Hawaii, any encroachment beyond the ______ will require an encroachment agreement. - ANS - De
minimis
Ele, a property manager in Kapalua, understands that she can only pay for certain items from funds
deposited in a trust account. Which of the following is a legal use of funds from the account?
Administrative expenses for Ele's office
Monthly invoice for building-wide internet service
Repair of a damaged wall after the tenant in 3B moves out
Weekly salary checks for the maintenance staff - ANS - Repair of a damaged wall after the tenant in 3B
moves out
(Trust accounts hold tenant security deposits, w
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