HRES Hawaii Real Estate Salesperson - Set 1 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: Following a nonjudicial foreclosure of residential property under chapter 667, the sale proceeds fall short of the debt. Hawaii bars a deficiency judgment, but only in favor of one specific category of borrower. For whom is a deficiency judgment prohibited?

Any residential borrower

An investor landlord

An owner-occupant

A commercial guarantor

Question 42: A private seller is transferring a Kahului single-family residence to a private buyer, and the conveyance tax must be paid before the deed is recorded. Neither party is a government entity. Under Hawaii's conveyance tax chapter, who is responsible for paying that tax?

The buyer

The escrow depository

Both parties equally

The seller

Question 43: After a nonjudicial power-of-sale foreclosure of a Honolulu condominium under chapter 667, the former owner asks his agent whether Hawaii law lets him buy the property back within a statutory period after the sale. What redemption right does he have?

No right of redemption

One year to redeem

Six months to redeem

Ninety days to redeem

Question 44: Even a good-faith purchaser of a registered Land Court parcel remains subject to a short list of statutory exceptions. A licensee reviewing HRS § 501-82 wants to name one exception every buyer should expect. Which of the following is a listed statutory exception?

A prior unrecorded deed

A verbal listing agreement

Unpaid real property taxes

A pending building permit

Question 45: A new company in Honolulu plans to hold buyers' funds and deeds as an escrow depository for real estate closings across the island. Before it can lawfully do so, Hawaii law imposes a threshold requirement on the entity itself. Which of the following is that requirement?

It must be a licensed broker

It must be a licensed corporation

It must register with the county

It must be a bonded partnership

Question 46: A landlord managing a Wailuku rental needs to enter the occupied unit to make a non-emergency repair to the plumbing. The tenant has not refused entry. Under the Residential Landlord-Tenant Code, what advance notice must the landlord ordinarily give before entering?

At least twenty-four hours

At least five days

No notice is required

At least two days

Question 47: After a Waipahu parcel is registered in the Land Court, the owner does not hold an ordinary recorded deed as proof of ownership. Instead the Land Court issues a distinctive document evidencing registered title. Which document does the registered owner receive?

A recorded warranty deed

A certificate of title

A title insurance binder

An abstract of title

Question 48: A Lihue parcel is held in Hawaii's Land Court rather than the regular system. Unlike the regular system, where title is perfected by recording a deed, the Land Court establishes ownership through a different mechanism. How is title established in the Land Court?

By recording a deed

By notarized affidavit

By continuous adverse possession

By court decree of registration

Question 49: A landlord in Kaneohe wants to end a month-to-month tenancy so a family member can move into the unit. There is no lease violation. Under the Residential Landlord-Tenant Code, how far in advance must the landlord give the tenant written notice?

At least twenty-eight days

At least thirty days

At least forty-five days

At least sixty days

Question 50: Two buyers each claim the same Honolulu parcel held in the regular system. Hawaii resolves the priority contest under HRS § 502-83, which protects a later good-faith purchaser for value who lacked notice and recorded first. Which recording rule does this describe?

Race-notice

Pure race

Pure notice

First in time only

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