Free Hawaii Real Estate Practice Exam

Q1.ADRE asks to audit property-management records. What production standard does § 32-2175 apply?

• A.Produce them at a reasonable time and place as required
• B.Wait until the next license renewal
• C.Produce only records favorable to the firm
• D.Refuse unless every tenant consents

Q2.A staff member wants to charge a standard pet fee before evaluating a disability-related assistance-animal request. What should the broker require?

• A.Treat the request through the accommodation process before applying pet rules
• B.Always double the fee
• C.Refuse all animals
• D.Ask the applicant to withdraw the request

Q3.A licensee wants to advertise with a nickname. What is the soundest instruction?

• A.A nickname is always forbidden.
• B.Use a name carried or authorized on the license record under R4-28-301(D), while satisfying brokerage-name rules.
• C.Any nickname is allowed if popular.
• D.Only the team leader decides.

Q4.Under Hawaii law, which type of deed provides the GREATEST protection to a grantee by including covenants that the grantor will defend title against all claims, whether arising before or after the grantor acquired the property?

• A.Quitclaim deed
• B.Special warranty deed
• C.General warranty deed
• D.Bargain and sale deed

Q5.A broker's affiliated salesperson represents a seller whose property has a basement that periodically floods during heavy rain. The seller instructs the salesperson to disclose the flooding only if a buyer directly asks. Under the broker's duty to supervise and the general common-law principle of material fact disclosure, what is the broker's MOST appropriate course of action?

• A.Direct the salesperson to proactively disclose the flooding condition to all prospective buyers regardless of the seller's instruction, and document the directive in writing.
• B.Honor the seller's instruction because the seller is the client and the broker's fiduciary duty runs exclusively to the seller.
• C.Permit the salesperson to remain silent unless asked, since buyers have an independent duty to inspect the property.
• D.Withdraw from the listing immediately without advising the salesperson of the legal obligation to disclose.

Q6.A real estate agent represents the seller in a transaction and learns that the buyer is pre-approved for a loan amount significantly higher than the offered purchase price. Under fiduciary duty principles, what should the agent do with this information?

• A.Share the information with the seller to help negotiate a higher price
• B.Keep the information confidential and not disclose it to the seller
• C.Disclose the information only if directly asked by the seller
• D.Use the information to suggest the buyer increase their offer

Q7.Under Hawaii's mandatory seller disclosure law, by what point in a residential real estate transaction must a seller deliver the completed disclosure statement to the buyer?

• A.Before the buyer signs any written offer to purchase the property
• B.No later than ten calendar days after the seller accepts the buyer's offer
• C.At or before the closing of the transaction
• D.Within three business days after the parties execute the purchase contract

Q8.A property owner grants a neighbor the right to cross her land to access a public road. This is an example of which type of encumbrance?

• A.Easement appurtenant
• B.Encroachment
• C.Lien
• D.Deed restriction

Q9.A licensee refuses to show a property to a buyer because the seller said "I don't want my home shown to families with young children." Which of the FHA's "six things you cannot do" has the licensee violated?

• A.Steering only
• B.Blockbusting
• C.Nothing — the licensee was following the seller's lawful instruction
• D.42 U.S.C. § 3604(a) — refusal to sell or rent based on familial status, AND § 3604(d) — making housing unavailable

Q10.Which of the following types of deeds provides the LEAST protection to a grantee regarding title warranties?

• A.General warranty deed
• B.Special warranty deed
• C.Bargain and sale deed
• D.Quitclaim deed

Q11.In Hawaii, the conveyance tax is imposed on real property transfers and is generally calculated based on which of the following?

• A.The assessed value of the property as determined by the county real property tax office
• B.The actual and full consideration paid or to be paid for the property
• C.The appraised value of the property as determined by a state-certified appraiser
• D.The outstanding mortgage balance assumed by the buyer at the time of transfer

Q12.Under the Real Estate Settlement Procedures Act (RESPA), which of the following practices is explicitly prohibited?

• A.Charging a loan origination fee at closing
• B.Requiring the buyer to use a specific title company as a condition of the loan
• C.Providing a Loan Estimate within three business days of application
• D.Collecting escrow funds for property taxes and insurance

Q13.A comparable home sold for $200,000. It has a feature worth $5,000 that the subject property lacks. Using the sales comparison approach, what is the adjusted sale price of the comparable?

• A.$195,000
• B.$205,000
• C.$200,000
• D.$210,000

Q14.A flyer displays a team name but obscures the employing broker's identity. Which Arizona advertising principle is implicated?

• A.Advertising should be accurate and the employing broker should be clearly identified
• B.Every flyer must state the trust-account balance
• C.Only print advertising is regulated
• D.A team name always replaces the broker's identity

Q15.Under Hawaii Revised Statutes Chapter 516, the Leasehold Conversion Act, residential lessees of single-family lots may compel the lessor to sell them the fee simple interest under certain conditions. Which of the following MOST accurately describes the primary purpose of HRS Chapter 516?

• A.To allow residential lessees to purchase the fee simple interest in their leased residential lots from the landowner.
• B.To allow condominium associations to convert leasehold land beneath a project to fee simple.
• C.To enable the State of Hawaii to condemn private leasehold land for public use.
• D.To regulate the maximum ground rent that a lessor may charge on residential leases.