Hawaii License Law
A Hawaii real estate broker who maintains an office must display at their place of business:
AA copy of all current listings
BThe broker's license and any associated licenses in a conspicuous place✓ Correct
CA copy of the Fair Housing poster and MLS membership certificate
DA certificate of insurance
Explanation
Hawaii requires real estate brokers to display their licenses at their place of business. The principal broker's license and licenses of affiliated salespersons must be conspicuously displayed.
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Key Terms to Know
Private Mortgage Insurance (PMI)
Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
AmortizationThe gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Math Concepts
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