In a Hawaii real estate transaction, a developer markets time share interests based on use nights. What should the licensee remember?
Correct Answer
A) The one-to-one use-right to use-night requirement must be satisfied for the duration of the time share plan
HRS 514E-8.6 requires the one-to-one use-right to use-night requirement to be satisfied and maintained. Source basis: Hawaii DCCA PSI state outline hi.II Types of Ownership plus official Hawaii Revised Statutes chapters 514B, 514E, 421I, and 421J; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
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