HRES Hawaii Real Estate Salesperson - Set 5 - 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: In a large Kahului shopping center, the developer signs a major department store to a long lease, counting on that well-known store to draw shoppers who will then patronize the smaller retailers around it. Which term describes that key store?
Question 42: An investor holding an oceanfront Wailea condominium expects that steady demand and scarce land will lift its market value over the years, adding to her wealth even during the time she simply keeps and rents it. Which investment benefit is this?
Question 43: An investor purchases a Kapolei rental duplex by putting down only a fraction of the price and borrowing the rest, letting a small amount of her own cash control a much larger, more valuable asset. Which investment principle is she using?
Question 44: A property manager collecting monthly rents and tenant security deposits for several Ewa Beach condominium owners must keep those funds from ever mixing with the brokerage's own operating money. Where should the manager place the tenants' and owners' money for safekeeping?
Question 45: A resort condominium manager on the Kona coast schedules regular servicing of elevators, air-conditioning units, and roof seals to keep them working and to head off costly breakdowns before they happen. Which category of maintenance does this scheduled servicing represent?
Question 46: An apartment manager in Waipahu tells a qualified applicant that the building will not rent to households that include young children, steering families toward a different property instead. This refusal violates the federal Fair Housing Act on which prohibited basis?
Question 47: Before a Honolulu condominium owner turns over the leasing and upkeep of her rental unit to a licensed manager, the two sign a written contract that establishes the agency relationship and spells out the manager's authority and compensation. Which document does this describe?
Question 48: To keep a new Mililani residential subdivision uniform and attractive, the developer records private rules limiting building height, exterior colors, and fence types, and these rules bind every lot owner who later buys there. Which term names these private land-use controls?
Question 49: A boutique in a Waikiki retail center pays a modest fixed rent each month plus an additional amount calculated from its gross sales, so the landlord shares in the store's success. Which type of lease sets rent up this way?
Question 50: A retail tenant in a Honolulu shopping plaza pays her base rent plus a monthly share of the cost of maintaining the parking lot, sidewalks, landscaping, and other shared spaces used by all tenants. Which charge covers those shared-space expenses?
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