Hawaii License Law
A Hawaii real estate broker wishes to operate a real estate firm as a sole proprietorship. Which of the following is required?
AA. A separate trust account at a federally insured institution✓ Correct
BB. Membership in the National Association of Realtors
CC. A minimum of 3 active salesperson licensees
DD. Approval from the Hawaii Department of Taxation
Explanation
Hawaii law requires real estate brokers to maintain a separate trust account at a federally insured financial institution for handling client funds.
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