US Real Estate Hawaii Advanced Test 6

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Hawaii Professional (Real Estate, USA) USA — Hawaii State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Hawaii.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Hawaii · Education: Professional (Adult) · Part: Real Estate — Hawaii · Country: USA · Region: USA — Hawaii

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is PMI?

A) flood insurance

B) title insurance

C) property tax

D) insurance for low down payments

Question 2

What is agency in real estate?

A) zoning

B) ownership

C) broker acting for a client

D) tenancy

Question 3

What is a listing agreement?

A) lease

B) contract to sell a property

C) deed

D) purchase offer

Question 4

What is earnest money?

A) buyer good-faith deposit

B) commission

C) tax

D) fee

Question 5

What is a fiduciary duty?

A) dual profit

B) loyalty, obedience, care to client

C) secrecy from client

D) profit first

Question 6

What is escrow?

A) commission

B) down payment

C) tax

D) neutral third-party holding

Question 7

What is dual agency?

A) two brokers

B) no representation

C) one broker representing both sides

D) buyer only

Question 8

What is the Fair Housing Act?

A) tax law

B) building code

C) zoning code

D) bans housing discrimination

Question 9

What classes are protected in housing?

A) age only

B) race, color, religion, sex, handicap, family, national origin

C) politics

D) income

Question 10

What is redlining?

A) surveying

B) appraising

C) mapping

D) illegal denial by neighborhood

Question 11

What is steering?

A) showing homes

B) negotiating

C) guiding buyers by race (illegal)

D) advertising

Question 12

What is a CMA?

A) inspection

B) survey

C) appraisal

D) comparative market analysis

Question 13

What is a deed?

A) offer

B) loan paper

C) ownership transfer document

D) lease

Question 14

What is an appraisal?

A) professional value opinion

B) inspection

C) offer

D) listing

Question 15

What are the three appraisal approaches?

A) sales comparison, cost, income

B) show, stage, sell

C) offer, accept, record

D) list, sell, close

Question 16

What is PITI?

A) a tax

B) a deed

C) a loan type

D) principal, interest, taxes, insurance

Question 17

What is LTV?

A) land title verification

B) lease term value

C) loan-to-value ratio

D) listing traffic volume

Question 18

What is a warranty deed?

A) quitclaim

B) guarantees clear title

C) option

D) lease

Question 19

What is a quitclaim deed?

A) lease

B) loan

C) transfers whatever interest exists

D) full warranty

Question 20

What is title insurance?

A) flood policy

B) protects against title defects

C) life insurance

D) home warranty

US Real Estate Hawaii Advanced Test 6

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