200+ Free HI Real Estate Practice Questions

The Hawaii salesperson exam has 130 scored questions: 80 national (uniform) questions and 50 state-specific questions. There are also 5–10 unscored experimental questions that are not identified. You must score at least 70% on each portion independently. PSI administers the exam in Honolulu with a 4-hour time limit (150 minutes for the national portion and 90 minutes for the state portion).

Hawaii has several distinctive features: (1) leasehold property is very common, especially on Oahu, where buyers pay ground rent to a landowner rather than owning the land outright; (2) HARPTA requires buyers to withhold 7.25% of the sales price from nonresident sellers for state income tax; (3) Hawaii charges a conveyance tax on all property transfers based on tiered rates; (4) the state land use system classifies all land as Urban, Rural, Agricultural, or Conservation; and (5) Special Management Areas (SMAs) along the coast require special permits.

HARPTA (Hawaii Real Property Tax Act) requires buyers to withhold 7.25% of the amount realized when purchasing Hawaii real property from a nonresident seller. The buyer must submit Forms N-288 and N-288A to the Hawaii Department of Taxation within 20 days of closing. Exceptions include: (1) the seller completes Form N-289 certifying they are a Hawaii resident; (2) the sales price is $300,000 or less and the property was the seller's primary residence prior to the sale; or (3) there is no taxable gain.

Hawaii requires 60 hours of pre-license education from a HIREC-approved school. After passing the PSI exam, you must affiliate with a licensed principal broker and submit a license application to HIREC. All real estate licenses expire December 31 of even-numbered years (every two years). Renewal requires 20 hours of continuing education from a HIREC-approved provider, including a mandatory Hawaii Core course.