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Hawaii Salesperson Prelicense

Hawaii Salesperson Prelicense

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Course Credit Hrs.
Hawaii Salesperson Prelicense 60.00
This course is required to obtain your Hawaii real estate salesperson license. Click on the links above for more information about the license requirements.
Description
Outline
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  • This course is required to obtain your Hawaii real estate salesperson license. Click on the links below for more information about license requirements.
  • Introduction
    Requirements
    Overview of Course


    Section 1 - What is Real Estate                                                   
    Chapter 1 – Real Estate Business
    - National
    • Real Estate Professions
    • Real Estate Brokerage
    • Professional Organizations
    • Regulation and Licensing
    - Hawaii - Basic Real Estate Concepts in Hawaii
    • History of Hawaiian Real Estate
    • Hawaii Today

    Chapter 2 – Rights in Real Estate 
    - National
    • Real Estate as Property
    • Real vs. Personal Property
    • Regulation of Real Property Interests

    Chapter 3 – Interests and Estates 
    - National
    • Interests and Estates in Land

    Chapter 4 – Ownership 
    - National
    • Sole Ownership
    • Co-ownership
    • Trusts
    • Condominiums
    • Cooperatives
    • Time-shares
    • Planned Development Housing and Subdivisions
    - Hawaii 
    • Property Ownership and Interests in Hawaii
    • Multi-Family Housing and Subdivisions in Hawaii

    Chapter 5 – Encumbrances and Liens 
    - National
    • Encumbrances
    • Easements
    • Encroachments
    • Licenses
    • Deed Restrictions
    • Liens
    • Foreclosure
    - Hawaii - Encumbrances, Restrictions, and Appurtenances in Hawaii
    • Easements
    • Liens
    • Mineral Rights
    • Invasive Species
    • Historic Sites
    • Public Access Shoreline Hawaii (PASH)
    • Shoreline Property

    Chapter 6 – Real Estate Taxation 
    - National
    • Taxing Entities
    • Ad Valorem Taxation
    • Special Assessments
    • Tax Lien Enforcement
    • U.S. Taxes Due when a Property is Conveyed
    • Tax Liability
    • Gains Tax Exclusion
    • Foreign Investment in Real Property Tax Act (FIRPTA)
    - Hawaii – Taxes in Hawaii
    • Real Property Taxes
    • Conveyance Tax
    • Hawaii Real Property Tax Act (HARPTA)
    • Taxes on Rental Income

    Chapter 7 – Legal Descriptions 
    - National
    • Methods of Legal Description
    • Describing Elevation
    - Hawaii - Property Description in Hawaii
    • Metes and Bounds
    • Plat and Parcel System
    • Tax Map Key (TMK)

    Chapter 8 – Land Use Planning and Control 
    - National
    • Real Estate Planning
    • Public Land Use Control
    • Private Land Use Control
    • Environmental Controls
    - Hawaii – Land Use Controls in Hawaii
    • Zoning
    • Ohana Dwellings
    • Family Child Care Homes (FCCH)


    Section 2 - Licensing Laws and the Regulation of Real Estate, Agency Laws
    Chapter 1 – The Brokerage Business 
    - National
    • Function and Organization
    • The Broker-Salesperson Relationship
    • Operating a Real Estate Brokerage
    • Business Brokerage
    • Syndications and Securities Brokerage

    Chapter 2 – Agency 
    - National
    • The Agency Relationship
    • Fiduciary Duties
    • Forms of Real Estate Agency
    • Agency Disclosure Rules
    - Hawaii – Agency and Brokerage Relationships in Hawaii
    • Agency
    • Fiduciary Duties
    • Independent Contractor
    • REALTOR® Code of Ethics and Standard of Practice

    Chapter 3 – Real Estate Licensing and Regulation 
    - National
    • State License Law
    • Obtaining a Real Estate License
    • License Regulation
    - Hawaii – Licensing Laws in Hawaii
    • HRS Chapter 436B – Uniform Professional and Vocational Licensing Act
    • HRS Chapter 467 – Real Estate Brokers and Salespersons
    • HAR Title 16 Chapter 99 – Real Estate Brokers and Salespersons

    Chapter 4 – Listing Agreements 
    - National
    • Review of Legal Foundations
    • Types of Listing Agreement
    • Fulfillment and Termination
    • Listing Agreement Clauses
    • Property Condition Disclosure
    - Hawaii – Listing Agreement and Disclosures for Hawaii
    • Exclusive Right to Sell Listing Agreement
    • Mandatory Seller Disclosures in Residential Real Estate Transactions
    • De Minimus Structure Posistion Discrepancies
    • Sex Offender Registration and Notification Act
    • Statute of Limitations


    Section 3 - Real Estate Contracts
    Chapter 1 – Real Estate Contract Law
    - National
    • Contract Validity and Enforcement
    • Contract Creation
    • Classifications of Contracts
    • Contract Termination

    Chapter 2 – Contracts for the Sale of Real Estate 
    - National
    • Sale Contract
    • Sale Contract Provisions
    • The Option-to-Buy Contract
    • Contract for Deed
    - Hawaii – Real Estate Contracts and Related Laws in Hawaii
    • Standard Forms
    • Purchase Contract
    • Agreement of Sale
    • Plain Language Act


    Section 4 - Financing Real Estate and Estimating Value
    Chapter 1 – Real Estate Finance 
    - National
    • Anatomy of Mortgage Lending
    • Initiating a Mortgage Loan
    • Qualifying for a Mortgage Loan
    • Closing a Loan
    • Laws Affecting Mortgage Lending
    • The Mortgage Market
    • Types of Real Estate Loans
    • Mortgage Lien Foreclosure
    - Hawaii – Real Estate Finance in Hawaii
    • Usury
    • FHA & VA Loans
    • Hula Mae Loans
    • Employee Retirement System (ERS) Loans
    • Reverse Mortgage
    • Foreclosure
    • Mortgage Rescue Fraud Prevention Act
    • Broker Price Opinion

    Chapter 2 – Appraising and Estimating Market Value 
    - National
    • Real Estate Value
    • Appraising Market Value
    • Sales Comparison Approach
    • Cost Approach
    • The Income Capitalization Approach
    • Regulation of Appraisal
    - Hawaii 
    • Property Evaluation in Hawaii


    Section 5 - Transfer of Title, Closing the Transaction
    Chapter 1 – Transfer of Title 
    - National
    • Title to Real Estate
    • Deeds of Conveyance
    • Wills
    • Involuntary Title Transfer
    • Title Records

    Chapter 2 – Closings 
    - National
    • The Closing Event
    • Real Estate Settlement Procedures Act
    • Financial Settlement of the Transaction
    • Computing Prorations
    • HUD-1 Uniform Settlement Statement
    • Reporting Requirements
    - Hawaii – Transfer of Title, Escrow, and Closings in Hawaii
    • Bureau of Conveyances
    • Land Court
    • ALTA Policy
    • Escrow
    • Good Funds Act
    • Homeowner’s Insurance


    Section 6 - Leasing, Ethics, Fair Housing, Real Estate Investment & Market
    Chapter 1 – Real Estate Leases 
    - National
    • Leasehold Estates
    • The Lease Contract
    • Types of Lease
    • Default and Termination
    - Hawaii – Leasehold Estates and Property, Residential Landlord Tenant Code in Hawaii 
    • Leasehold Estates
    • Hawaii Residential Landlord Tenant Code

    Chapter 2 – Ethics: Laws and Practices, Fair Housing 
    - National
    • Aims
    • Fair Housing Laws
    • Professional Practices
    • Other Professional Practices
    - Hawaii – Anti-Discrimination Laws in Hawaii
    • HRS Chapter 515 – Discrimination in Real Property Transactions

    Chapter 3 – Real Estate Investment 
    - National
    • Investment Fundamentals
    • Real Estate as an Investment
    • Real Estate Investment Entities
    • Taxation of Real Estate Investments

    Chapter 4 – Real Estate Market Economics 
    - National
    • The Market System
    • Real Estate Market Dynamics


    Section 7 - Mathematics for Real Estate
    • Conversions for Fees and Commissions 
    • Prorations at Closings 
    • Appreciation, Depreciation, and Net Proceeds 
    • Property Sizes and Dimensions 
    • Common Mortgage and Lending Calculations 
  • Instructor: Carol Ball

    Carol Ball, representing five generations of Mauians, is co-owner of a Hawaii real estate brokerage and is principal and owner of the Carol Ball School of Real Estate. Licensed in real estate in Hawaii since 1978 and licensed as a Hawaii real estate prelicensing instructor since 2001, Carol has taught post licensing courses since 1980 and  pre-licensing courses since 2001. She formed her real estate brokerage in 1980, a multi agent real estate general brokerage firm presently managed and operated by her children and where she serves as chairman of the board.

    Carol holds the National Association of Realtors designations of Accredited Buyer Representative Manager (ABRM), Certified Real Estate Broker Manager (CRB), Certified Residential Specialist (CRS), and member, Graduate Realtors Institute (GRI). A graduate of the University of Michigan, Carol holds a Master’s Degree in Educational Psychology and a Certificate in Online Teaching from the University of Hawaii at Manoa. She is editor of The Hawaii Real Estate Exam Book, a study guide to the state section of the Hawaii real estate licensing exam. Carol served on the Hawaii Real Estate Commission from 2004-2012 serving as its chairman in the final year of her tenure.


Requirements


Click here to read important Hawaii License Requirements. 
For more information about license requirements and applying for your license, review a PDF from the Hawaii Real Estate Commission’s website.

Learn more about our Military Active Duty and Veteran Discount for prelicense courses.
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