Hawaii State Real Estate Practice Exam Flashcards

Hawaii State Real Estate Practice Exam Flashcards Violation of the licensing laws by selling without a license

may result in:

$5,000 fine When was Dower and Curtesy replaced by the Uniform Probate Code?1977 Hawaii today consists of how many islands? 124 islands situated in the Pacific Ocean In which of these situations is a notification to HREC NOT required?Oceanside Homes hired two unlicensed transaction coordinators.- Individual licensees and brokerage firms must ensure that HREC has current contact information.Jenson just received his Hawaii real estate salesperson license. He didn't complete the prescribed pre-licensing coursework, and he took only the state licensing exam.How is this possible?Jenson held an active real estate license in another state.An appropriation of land for some public use made by the owner and accepted for such use by or on behalf of the public, such as streets in a plotted subdivision, is called?Dedication One of the advantages of joint tenancy is that: It avoids delays and expenses of probate A licensee selling his own property must do which of the following?Inform the prospective buyer that he is a licensee An easement appurtenantRuns with the land How to determine if an article is a fixture? The method of attachment, adaptation of the article to the property, relationship of the parties, and intention of the parties.When was Hawaii overthrown?1893 In a land trust, the beneficiary's interest is? Personal property The return of land to the grantor or his heirs when the grant is over is?Reversion A tenancy in common must have unity of?Possession Which of the following creates deed restrictions? Grantor if title is indefeasible, it cannot be?voided Restrictions in a deed which benefit the grantor? Can be removed by the grantor issuing a quitclaim deed Mickey's license has been placed on inactive status because the principal broker's license lapsed. What will most likely happen to the seller's transaction on which Mickey is currently working?Mickey must cease all licensed activity, which means referring his client to another brokerage firm.The right of survivorship is a feature of? Joint tenancy A legal form of ownership in Hawaii in which the owners

are called members is known as:

Limited Liability Company Broker candidates who want to substitute other education for the normal Hawaii prelicensing education requirements must do what before registering for the exam?Apply for and be granted an Experience Certificate. - A broker candidate must apply for and be granted an Experience Certificate prior to registering for the broker examination. Candidates must submit the Application for

Experience Certificate, a $75 non-refundable fee, and the required documents.

When a person owns property to the exclusion of all other persons, he is said to hold the property in?Severalty

A real estate recovery fund shall not exceed: $50,000

What are the land directions if he/she is on shore, facing the mountains?The direction is Mauka What must a Hawaii broker applicant, who intends to operate a real estate brokerage firm, do in addition to passing the exam and applying for the license?Have a principal place of business A life estate may be created by?Will or Deed What is the meaning of Appurtenance?An appurtenance is a real property, which is defined asbeing immovable or fixed to the land.What are the land directions if he/she is facing North?Diamond Head or Koko Head (northeast) Prior to the origin of Hawaii's land system in the 1840s who owned all of the lands?The Kings were the sovereign owners of all the lands (feudal system), thus private ownership (allodial system) did not exist.When was geothermal rights classified as a mineral?1974 A woman and her brother hold property in joint tenancy.

The woman deeded her part to herself and her husband:

The joint tenancy is broken Personal property is financed by?Way of security agreement and financing statement (elsewhere often called a chattel mortgage).A joint tenant may not?Will (devise) his interest Real property is usually financed by?Mortgage Provisions meaning?Terms outlined in a contract What are the land directions if he/she is facing the ocean?The direction is Makai An action brought by a co-owner of property to compel the severance of their respective interest is an action for?Partition The degree, quantity, or nature of a person's interest in real property is known as?An estate All real estate licenses expire when?December 31st of an even numbered year A broker taking an earnest money deposit in the form of a

check can:

Hold it until acceptance of the offer if directed to do so by the buyer or offeror.An easement is terminated when?When the dominant and servant tenements merge or when the particular purpose for which the easement was created ceases.A tenant in common may sell his interest: At any time, without permission or approval An easement created by adverse use is said to have been created by?Prescription (Prescription isthe acquisition of an easement, over the property of another, through adverse use of that property.) The Great Mahele occurred when?1848 A riparian owner is one who owns land bounding on?waterway If you wish to re-establish your terminated real estate

license, you must pay the Real Estate Commission:

The amount paid out of the Recovery Fund A wife's interest in her husband's pre-1977 estate prior to his death is best described as?Inchoate dower

What are the 8 major islands in Hawaii from biggest to smallest?Hawaii, Maui, Oahu, Kauai, Molokai, Lanai, Niihau, and Kahoolawe An unlicensed secretary in a broker's office may not:(solicitation) requires a license Sale of personal property is accomplished with? A bill of sale What are the land directions if he/she is facing South?Lalo or Ewa (south west) What is the meaning of "bundle of rights" ? The right to possess, the right to use or keep from using, the right to encumber, the right to enjoy, and the right to dispose.An estate in land vested in a grantee "until he marries" is properly classified as?A defeasible fee Under a land trust, title to the real property is held in the

name of a:

Trustee Which of the following is not eligible to hold title in a reciprocal beneficiary relationship?A divorced person Two other forms of legal life estate established by law, rather than voluntarily was?Dower and Curtesy and Homestead Defined boundaries and official maps of all lands in the state are made part of what records?Bureau of Conveyances in Honolulu Which of the following restrictions is not a governmental restriction?Covenant When a realtors branch office is moved from one location to another, he must?Notify the Commission of the move within 10 days Which of the following applicants can forego the education requirement for licensing in Hawaii?A licensed real estate broker from another state. - Equivalent education that may be considered includes an active or recent real estate license in another state, a law degree from an accredited law school within the U.S., or a bachelor's degree with a real estate or business major (applies to salesperson candidates only).