In a Hawaii real estate transaction, a tenant tells the landlord to apply the security deposit as the last month rent. What should the licensee remember?
Correct Answer
D) A security deposit is not treated as last month rent unless the landlord and tenant mutually agree in writing under the statutory condition
HRS 521-44 states no part of the security deposit is construed as last month rent unless mutually agreed in writing when the tenant gives the required notice. Source basis: Hawaii DCCA PSI state outline hi.III Property Management plus official HRS chapter 521 and HAR title 16 chapter 99 trust-property rules; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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