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​Seiler School of Real Estate

Module 8 Study Assignment - Broker Course

Module 8 could be the most challenging!  Before you attempt the Module 8 Test, please make sure you have:

  • Read Chapter 24-25 in your Principles and Practices of Hawaiian Real Estate textbook
  • Reviewed the Module 8 Outline
  • Reviewed IRS Publications:     ☐ 523     ☐ 530     ☐ 551    ☐ 936
  • Reviewed Hawaii Tax:    ☐ HARPTA    ☐ GET    ☐ TAT    ☐ SCT
  • Reviewed Real Property Tax Rates in Hawaii
  • Reviewed Real Property Assessment Exemption Information
  • Reviewed Condominium Registration and Education
  • Reviewed Chapter 514B, HRS - Condominium
  • Reviewed Chapter 107, HAR - Condominium
  • Reviewed Chapter 514E, HRS - Time Share
  • Reviewed Chapter 484, HRS - Subdivision
  • Click on the "Hawaii Tax Information" Folder on the Broker Course Links and review the following (several Module 8 Test questions are based on this information):
  •             -Outline of Hawaii Tax System
  •             -GET General Excise Tax
  •             -HARPTA
  •             -Hawaii Real Property Tax Act
  •             -HARPTA-FIRPTA Summary
  •             -SCT - State Conveyance Tax
  •             -Hawaii Conveyance Tax Change
  •             -Oahu - Homeowner Exemptions
  •             -TAT - Transient Accommodations Tax
  • Click on the "IRS Publications" Folder on the Broker Course Links and review the following (several Module 8 Test questions are based on this information):
  •             -Withholding of Tax on Non U.S. Citizens
  •             -Selling Your Home
  •             -Residential Rental Property
  •             -Tax Information for First-Time Homeowners
  •             -Installment Sales
  •             -Basis of Assets
  •             -Passive Activity and At Risk Rules
  • Be sure you have a good understanding of the “Key Words” at the beginning of each chapter in this Module.  Consider making flash cards.
  • Expect 5 Math Questions on the Module 8 Test, plus 5 Pro-Ration calculations.  (Refer to the 'Pro-Ration and Settlement Statement' section on your Broker Course Links for examples and formulas for Pro-Ration calculations.)

If you have completed the above, proceed to Test Center and click on Module 8 Test.  You will need to enter the Password you were given when you passed the Module 7 Test.  Please do not change the box with the Assessment ID in it.

IMPORTANT NOTE:  Once you login to each test a timer begins and you are allowed 3 hours to complete the test.  It contains 100 questions.  Therefore, before you login to a test, make sure you have at least 3 hours of time without distractions (no phone calls, visitors, lunch breaks, etc.) to complete the test.

This test include a variety of question formats:

  • TRUE and FALSE; 
  • MULTIPLE CHOICE - only one answer may be selected; 
  • MULTIPLE SELECTION - these may often have MULTIPLE CORRECT ANSWERS. Place a check in each answer box you think is correct;
  • MATCHING - pair an item in right column with a corresponding item in left column. The only type of question where the Student receives credit for each correct match.

After you have completed the test, before you logout, print out the questions which will include the correct answer.  You cannot login at a later time to print them out.  When you have passed the test you will be shown the Password to the next Module Test along with your score.  Please make a note of this Password so that you will have it on hand when you are ready to take the next Module Test. If you do not pass you will be required to repeat the test for an additional $10 before you can move on to the next Module and receive the new Password.

Once you complete the Module 8 Test successfully you can move on to the Course Finals Study Assignment on the 
Study Hall page.

You're almost there!

Good Luck,

PS - If you haven't already, please take a few minutes and review the information regarding the Course Finals; receiving your Course Completion Certificate; and taking the State Exam at the 
FAQ section of my website.  Click on this link to go to Real Estate Candidate Handbook with details of how to schedule the State Exam.  Do not schedule your State Exam with PSI until  you read and follow the information contained at the FAQ section.  Otherwise you may not receive your Course Completion Certificate in time for your scheduled State Exam.