Free Hawaii Real Estate Practice Exam

Q1.How many members serve on the Hawaii Real Estate Commission?

• A.5 members
• B.7 members
• C.9 members
• D.11 members

Q2.What is the primary difference between an easement in gross and an easement appurtenant?

• A.An easement in gross benefits a specific parcel of land
• B.An easement appurtenant benefits an individual rather than land
• C.An easement in gross benefits an individual or entity rather than land
• D.There is no difference between the two types

Q3.What is the current biennial license renewal fee for a Hawaii real estate salesperson license?

• A.$65
• B.$85
• C.$105
• D.$125

Q4.What is the statutory warranty period for new residential construction defects in Hawaii?

• A.1 year
• B.2 years
• C.5 years
• D.10 years

Q5.Under federal law, which statement about asbestos disclosure requirements is correct?

• A.Sellers must provide an asbestos disclosure form for all residential properties
• B.Only commercial property sellers must disclose known asbestos
• C.There is no federal law requiring asbestos disclosure in real estate transactions
• D.Asbestos disclosure is only required for properties built after 1981

Q6.A Hawaii salesperson discovers that another licensee in their office has been commingling client funds with personal funds. The salesperson should:

• A.Ignore it as it's not their responsibility
• B.Report it directly to the client
• C.Report it to their employing broker immediately
• D.Wait to see if the problem resolves itself

Q7.In Hawaii, a real estate licensee discovers that their principal broker has been commingling client funds with business operating expenses. The salesperson is concerned about their own liability under agency law. What is the salesperson's primary obligation?

• A.Continue working while documenting the violations
• B.Report the violations to the Hawaii Real Estate Commission
• C.Demand immediate correction or terminate employment
• D.Transfer to another brokerage without reporting

Q8.How many hours of pre-licensing education are required for a Hawaii real estate salesperson license?

• A.40 hours
• B.60 hours
• C.80 hours
• D.120 hours

Q9.In Hawaii, what is the maximum late fee a landlord can charge for residential rent that is paid after the due date?

• A.$25 or 5% of monthly rent, whichever is greater
• B.$50 or 8% of monthly rent, whichever is less
• C.8% of monthly rent with no dollar limit
• D.There is no statutory limit on late fees

Q10.Which appraisal approach is most commonly used for single-family residential properties?

• A.Cost approach
• B.Income approach
• C.Sales comparison approach
• D.Gross rent multiplier approach

Q11.A Hawaii real estate salesperson wishes to place advertising for listed properties. According to Hawaii license law, how must the salesperson identify themselves in the advertisement?

• A.Include their full legal name only
• B.Include their license number only
• C.Include the principal broker's name and company
• D.No identification is required

Q12.A housing community may legally restrict occupancy to persons 55 and older (HOPA exemption) if:

• A.The owner simply prefers adult tenants
• B.At least 80% of occupied units have at least one resident aged 55+, and the community publishes and follows policies demonstrating intent to be 55+ housing
• C.The community has a gate and a pool
• D.All residents are over 62 years old

Q13.A Hawaii property manager receives rental payments on behalf of an owner. How must these funds be handled?

• A.May be deposited in property manager's personal account
• B.Must be deposited in property manager's business account
• C.Must be deposited in a client trust account
• D.May be held as cash without depositing

Q14.What is the primary difference between real property and personal property?

• A.Real property can be moved while personal property cannot
• B.Real property is attached to the land while personal property is movable
• C.Personal property has greater value than real property
• D.Real property includes only buildings and structures

Q15.A buyer's agent discovers that a property was previously used as a dry cleaning facility but fails to recommend environmental testing to the buyer. The property later requires expensive soil remediation under CERCLA. What is the agent's primary liability exposure?

• A.Strict liability under CERCLA as a potentially responsible party
• B.Breach of fiduciary duty for failing to advise about potential environmental hazards
• C.Violation of Truth-in-Lending disclosure requirements
• D.No liability since environmental issues are outside the scope of real estate practice