1.
Completion of construction means the earliest of:• The issuance of a certificate of occupancy for the unit;• The date of completion for the project, or the phase of the project that includes the unit;• The recordation of the "as built" amendment to the declaration that includes the unit;• The issuance of the architect's certificate of substantial completion for the project, or the phase of the project that includes the unit; or• The date the unit is completed so as to __________________.
Correct Answer
C. permit normal occupancy.
Explanation
permit normal occupancy.
2.
Completion of construction means the earliest of:• The issuance of a ________________ for the unit;• The date of completion for the project, or the phase of the project that includes the unit;• The recordation of the "as built" amendment to the declaration that includes the unit;• The issuance of the architect's certificate of substantial completion for the project, or the phase of the project that includes the unit; or• The date the unit is completed so as to permit normal occupancy.
Correct Answer
A. Certificate of occupancy
Explanation
certificate of occupancy
3.
Completion of construction means the earliest of:• The issuance of a certificate of occupancy for the unit;• The ______________________, or the phase of the project that includes the unit;• The recordation of the "as built" amendment to the declaration that includes the unit;• The issuance of the architect's certificate of substantial completion for the project, or the phase of the project that includes the unit; or• The date the unit is completed so as to permit normal occupancy.
Correct Answer
C. Date of completion for the project
Explanation
date of completion for the project
4.
Completion of construction means the earliest of:• The issuance of a certificate of occupancy for the unit;• The date of completion for the project, or the phase of the project that includes the unit;• The _________________ amendment to the declaration that includes the unit;• The issuance of the architect's certificate of substantial completion for the project, or the phase of the project that includes the unit; or• The date the unit is completed so as to permit normal occupancy.
Correct Answer
A. Recordation of the "as built"
Explanation
recordation of the "as built"
5.
Completion of construction means the earliest of:• The issuance of a certificate of occupancy for the unit;• The date of completion for the project, or the phase of the project that includes the unit;• The recordation of the "as built" amendment to the declaration that includes the unit;• The issuance of the _____________________ for the project, or the phase of the project that includes the unit; or• The date the unit is completed so as to permit normal occupancy.
Correct Answer
D. Architect's certificate of substantial completion
Explanation
architect's certificate of substantial completion
6.
Condominium map means a map or plan of the condominium property regime with all required information;
Correct Answer
A. True
Explanation
Condominium map means a map or plan of the condominium property regime with all required information;
7.
Condominium map means a map or plan of the ______________________ with all required information;
Correct Answer
B. Condominium property regime
Explanation
Condominium map means a map or plan of the condominium property regime with all required information;
8.
Converted or conversion means the submission of a structure to a condominium property regime more than twelve months after the completion of construction;
Correct Answer
A. True
Explanation
The statement is true because the term "converted" or "conversion" refers to the process of submitting a structure to a condominium property regime after at least twelve months have passed since its construction was completed. This suggests that the conversion process takes place some time after the initial construction, indicating that the statement is accurate.
9.
Converted or conversion means the submission of a structure to a condominium property regime more than __________________ after the completion of construction;
Correct Answer
B. Twelve months
Explanation
Converted or conversion means the submission of a structure to a condominium property regime more than twelve months after the completion of construction; provided that structures used as sales offices or models for a project and later submitted to a condominium property regime shall not be considered to be converted structures.
10.
Converted or conversion means the submission of a structure to a condominium property regime more than twelve months after the completion of construction; provided that structures used as sales offices or models for a project and later submitted to a condominium property regime shall not be ______________________.
Correct Answer
C. Considered to be converted structures.
Explanation
Converted or conversion means the submission of a structure to a condominium property regime more than twelve months after the completion of construction; provided that structures used as sales offices or models for a project and later submitted to a condominium property regime shall not be considered to be converted structures.
11.
Converted or conversion means the submission of an application for reclassification to apartment status to a condominium property regime more than twelve months after the completion of construction; provided that structures used as sales offices or models for a project and later submitted to a condominium property regime shall not be considered to be converted structures.
Correct Answer
B. False
Explanation
Converted or conversion means the submission of a structure to a condominium property regime more than twelve months after the completion of construction; provided that structures used as sales offices or models for a project and later submitted to a condominium property regime shall not be considered to be converted structures.
12.
Declaration means any instrument, however denominated, that creates an owner's association, including any amendments to the said declaration.
Correct Answer
B. False
Explanation
Declaration means any instrument, however denominated, that creates a condominium, including any amendments to the instrument.
13.
Declaration means any legal instrument, however derived, that creates a condominium, including any amendments to the instrument.
Correct Answer
B. False
Explanation
Declaration means any instrument, however denominated, that creates a condominium, including any amendments to the instrument.
14.
Development rights means any right or combination of rights reserved by a developer in the declaration to:• Add ____________ to a condominium;• Create units, common elements, or limited common elements within a condominium;• Subdivide units, combine units, or convert units into common elements;• Withdraw real estate from a condominium;• Merge projects or increments of a project; or• Otherwise alter the condominium.
Correct Answer
A. Real estate
Explanation
Development rights means any right or combination of rights reserved by a developer in the declaration to:
• Add real estate to a condominium;
• Create units, common elements, or limited common elements within a condominium;
• Subdivide units, combine units, or convert units into common elements;
• Withdraw real estate from a condominium;
• Merge projects or increments of a project; or
• Otherwise alter the condominium.
15.
Development rights means any right or combination of rights reserved by a developer in the declaration to:• Add real estate to a condominium;• Create units, common elements, or ________________ within a condominium;• Subdivide units, combine units, or convert units into common elements;• Withdraw real estate from a condominium;• Merge projects or increments of a project; or• Otherwise alter the condominium.
Correct Answer
A. Limited common elements
Explanation
Development rights means any right or combination of rights reserved by a developer in the declaration to:
• Add real estate to a condominium;
• Create units, common elements, or limited common elements within a condominium;
• Subdivide units, combine units, or convert units into common elements;
• Withdraw real estate from a condominium;
• Merge projects or increments of a project; or
• Otherwise alter the condominium.
16.
Development rights means any right or combination of rights reserved by a developer in the declaration to:• Add real estate to a condominium;• Create units, common elements, or limited common elements within a condominium;• Subdivide units, _______________, or convert units into common elements;• Withdraw real estate from a condominium;• Merge projects or increments of a project; or• Otherwise alter the condominium.
Correct Answer
C. Combine units
Explanation
Development rights means any right or combination of rights reserved by a developer in the declaration to:
• Add real estate to a condominium;
• Create units, common elements, or limited common elements within a condominium;
• Subdivide units, combine units, or convert units into common elements;
• Withdraw real estate from a condominium;
• Merge projects or increments of a project; or
• Otherwise alter the condominium.
17.
Managing agent means any person retained, as a real estate professional, for the purpose of managing the sales and operation of the property.
Correct Answer
B. False
Explanation
Managing agent means any person retained, as an independent contractor, for the purpose of managing the operation of the property.
18.
Managing agent means any person retained, as an independent contractor, for the purpose of managing the operation of the property.
Correct Answer
A. True
Explanation
A managing agent is a person who is hired as an independent contractor to oversee and handle the day-to-day operations of a property. They are responsible for tasks such as maintenance, tenant relations, rent collection, and ensuring the property is in compliance with regulations. This definition accurately describes the role and responsibilities of a managing agent, making the answer "True" correct.
19.
Master deed or master lease means any legal instrument or certificate showing the extent of the interest of the person submitting the property to the condominium property regime.
Correct Answer
B. False
Explanation
Master deed or master lease means any deed or lease showing the extent of the interest of the person submitting the property to the condominium property regime.
20.
Material change means any change that directly, substantially, and adversely affects the use or value of a purchaser's unit or appurtenant limited common elements, or those amenities of the project available for the purchaser's use.
Correct Answer
A. True
Explanation
The statement is true because a material change refers to any change that has a direct, significant, and negative impact on the use or value of a purchaser's unit or appurtenant limited common elements, as well as the amenities of the project that are accessible to the purchaser.
21.
Operation of the property means the administration, fiscal management, and physical operation of the property, and includes the maintenance, repair, and replacement of, and the making of any additions and improvements to, the common elements.
Correct Answer
A. True
Explanation
Operation of the property means the administration, fiscal management, and physical operation of the property, and includes the maintenance, repair, and replacement of, and the making of any additions and improvements to, the common elements.
22.
Pertinent change means, as determined by the commission, a change not previously disclosed in the most recent _______________ that renders the information contained in the public report or in any disclosure statement inaccurate, including, but not limited to:• The size, construction materials, location, or permitted use of a unit or its appurtenant limitedcommon element;• The size, use, location, or construction materials of the common elements of the project; or• The common interest appurtenant to the unit.
Correct Answer
D. Public report
Explanation
Pertinent change means, as determined by the commission, a change not previously disclosed in the most recent public report that renders the information contained in the public report or in any disclosure statement inaccurate, including, but not limited to:
• The size, construction materials, location, or permitted use of a unit or its appurtenant limited
common element;
• The size, use, location, or construction materials of the common elements of the project; or
• The common interest appurtenant to the unit.
23.
A pertinent change constitutes a material change.
Correct Answer
B. False
Explanation
A pertinent change does not necessarily constitute a material change.
24.
A pertinent change does not necessarily constitute a physical change.
Correct Answer
B. False
Explanation
A pertinent change does not necessarily constitute a material change.
25.
A pertinent change does not necessarily constitute a __________________.
Correct Answer
C. Material change
Explanation
A pertinent change does not necessarily constitute a material change.
26.
The provisions of the recodified CPR law HRS 514B apply to all condominiums created in Hawaii on or after July 1, 2006.
Correct Answer
A. True
Explanation
The explanation for the correct answer is that according to the recodified CPR law HRS 514B, the provisions apply to all condominiums created in Hawaii on or after July 1, 2006. This means that any condominium created after this date must adhere to the regulations and rules outlined in the law. Therefore, the statement is true.
27.
The provisions of the recodified CPR law HRS 514B apply to all condominiums created in Hawaii on or after _______________.
Correct Answer
B. July 1, 2006
Explanation
The provisions of the recodified CPR law HRS 514B apply to all condominiums created in Hawaii on or after July 1, 2006.
28.
To create a condominium, a developer shall execute and record an acquisition of undeveloped land, together with a master deed or lease of the property, bylaws and a condominium property map.
Correct Answer
B. False
Explanation
To create a condominium, a developer shall execute and record a declaration, together with a master
deed or lease of the property, bylaws and a condominium property map.
29.
To create a condominium, a developer shall execute and record a declaration, together with a master deed or lease of the property, bylaws and a __________________.
Correct Answer
D. Condominium property map
Explanation
To create a condominium, a developer shall execute and record a declaration, together with a master deed or lease of the property, bylaws and a condominium property map.
30.
A declaration is the most important document in the creation of a condominium.
Correct Answer
A. True
Explanation
The given statement is true because a declaration is a legal document that establishes the existence of a condominium. It contains important information such as the boundaries of each unit, the common areas, the rights and responsibilities of the unit owners, and the rules and regulations that govern the condominium. The declaration is filed with the appropriate government agency and serves as the foundation for the condominium's governance and management. Without a declaration, a condominium cannot be legally established. Therefore, the statement is true.
31.
A ____________ is the most important document in the creation of a condominium.
Correct Answer
A. Declaration
Explanation
A declaration is the most important document in the creation of a condominium.
32.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the land on which the condominium is to be (or has been) built;
Correct Answer
A. True
Explanation
The explanation for the given correct answer is that a declaration is indeed the most important document in the creation of a condominium. It provides detailed information about the land on which the condominium is being built or has already been built. This document outlines the rights, responsibilities, and restrictions of the condominium owners, as well as the common areas and amenities available to them. Therefore, it plays a crucial role in establishing and governing the condominium community.
33.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the land on which the condominium is to be (or has been) built;• the number of the county assessor's tax map filed concurrently with the declaration;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the land on which the condominium is to be (or has been) built;
• the number of the condominium map filed concurrently with the declaration;
34.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the land on which the condominium is to be (or has been) built;• the number of the condominium map filed concurrently with the declaration;• the number of bedrooms in each condominium;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the land on which the condominium is to be (or has been) built;
• the number of the condominium map filed concurrently with the declaration;
• the number of units in the condominium;
35.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the land on which the condominium is to be (or has been) built;• the number of the condominium map filed concurrently with the declaration;• the number of units in the condominium;• the number of buildings and projects in the condominium, and the number of stories and units in each project;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the land on which the condominium is to be (or has been) built;
• the number of the condominium map filed concurrently with the declaration;
• the number of units in the condominium;
• the number of buildings and projects in the condominium, and the number of stories and units in each building;
36.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the permitted and prohibited uses of each building;
Correct Answer
A. True
Explanation
The given answer is true because a declaration is indeed the most important document in the creation of a condominium. It provides detailed information about the permitted and prohibited uses of each building within the condominium. This document is crucial for establishing the rules and regulations that govern the property and ensure that all residents adhere to them. Without a declaration, there would be no clear guidelines on how the condominium should be used, leading to potential conflicts and disputes among residents.
37.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• to the extent not shown on the tax map, a description of the location and dimensions of the horizontal and vertical boundaries of any unit;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• to the extent not shown on the tax map, a description of the location and dimensions of the horizontal and vertical boundaries of any unit;
38.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the common elements;
Correct Answer
A. True
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the common elements;
39.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the limited common elements, if any, and the units to which each is assigned;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the limited common elements, if any, and the units to which each is appurtenant;
40.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the total sum of the common interest that is required to approve rebuilding, repairing, or restoring the condominium if it is damaged or destroyed;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the total percentage of the common interest that is required to approve rebuilding, repairing, or restoring the condominium if it is damaged or destroyed;
41.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• the total percentage of the common interest that is required to amend the declaration. Unlessotherwise stated, the approval of the owners of at least 70% of the common interest shall berequired for all amendments to the declaration;
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• the total percentage of the common interest that is required to amend the declaration. Unless otherwise stated, the approval of the owners of at least 67% of the common interest shall be required for all amendments to the declaration;
42.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• a declaration that the condominium is in compliance with all zoning and building ordinances and codes and all other permitting requirements of the county;
Correct Answer
A. True
Explanation
The explanation for the correct answer is that a declaration is indeed the most important document in the creation of a condominium. It provides detailed information about the condominium, including its compliance with zoning and building ordinances, codes, and permitting requirements of the county. This document is crucial for establishing the legal framework and regulations that govern the condominium. Therefore, the statement "True" is the correct answer.
43.
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:• exemptions that have been granted or legal nonconforming conditions, uses or structures.
Correct Answer
B. False
Explanation
A declaration is the most important document in the creation of a condominium and describes in detail or includes the following:
• variances that have been granted or legal nonconforming conditions, uses or structures.
44.
A condominium map shall be recorded with the declaration and contain:• a plot plan;• elevations and floor plans;
Correct Answer
B. False
Explanation
A condominium map shall be recorded with the declaration and contain:
• a site plan;
• elevations and floor plans;
45.
A condominium map shall be recorded with the declaration and contain:• the layout,_________________ , unit numbers and dimensions of the units;
Correct Answer
A. Location boundaries
Explanation
location boundaries
46.
A condominium map shall be recorded with the declaration and contain:• a _________ plan;
Correct Answer
C. Parking
Explanation
parking
47.
A condominium map shall be recorded with the declaration and contain:• the layout, _________________or other information identifying the limited common elements;
Correct Answer
B. Location and numbers
Explanation
location and numbers
48.
A condominium map shall be recorded with the declaration and contain:• a detailed description that identifies any ___________ that constitutes a limited common element.
Correct Answer
C. Land area
Explanation
land area
49.
Each unit shall have the limited common element it is assigned in the declaration.
Correct Answer
B. False
Explanation
Each unit shall have the common interest it is assigned in the declaration.
50.
A unit’s common interest shall be permanent and remain permanent, and may not be altered or partitioned without the consent of the unit owner and the owner’s mortgagees and recorded as an amendment to the declaration.
Correct Answer
B. False
Explanation
A unit’s common interest shall be permanent and remain undivided, and may not be altered or partitioned without the consent of the unit owner and the owner’s mortgagees and recorded as an amendment to the declaration.