FREE HI Bar Real Estate Law Questions and Answers

Question 1

In Hawaii, what is the effect of a "right of first refusal" clause in a real estate contract?

Accepted Answer

It allows the tenant to purchase the property before the owner sells it to someone else.

Answer

It obligates the buyer to sell the property back to the original owner.

Answer

It requires the tenant to renew the lease before it expires.

Answer

It prevents the property from being sold for a specific period.

Question 2

Which of the following is required to create a valid deed in Hawaii?

Accepted Answer

Delivery and acceptance of the deed

Answer

Oral agreement between the parties

Answer

Recording the deed with the county recorder

Answer

Notarization by both parties

Question 3

What type of tenancy is created when two or more people own property together with equal shares and the right of survivorship in Hawaii?

Accepted Answer

Joint tenancy

Answer

Tenancy in common

Answer

Tenancy by the entirety

Answer

Community property

Question 4

What must a landlord provide to a tenant before entering into a lease agreement under Hawaii’s landlord-tenant code?

Accepted Answer

A copy of the lease agreement and the landlord's contact information

Answer

A written statement of the property’s tax assessment

Answer

A certificate of occupancy

Answer

A detailed property inspection report

Question 5

In Hawaii, which of the following actions requires a real estate license?

Accepted Answer

Managing rental properties for others

Answer

Selling your own home

Answer

Offering legal advice on real estate transactions

Answer

Conducting home inspections