Hawaii Real Estate State Practice Exam

Question: 1 / 400

Which of the following is NOT provided to the buyer at closing, per the Purchase Contract?

Keys

Possession

Marketable title

Preliminary title report

At the closing of a real estate transaction, the buyer typically receives essential items that confirm their ownership and right to use the property. Key aspects provided include keys to the property, possession which grants the buyer the right to occupy it, and marketable title that ensures the property is free of significant defects or claims, thereby protecting the buyer's investment.

The preliminary title report, however, is not included as part of the closing process. This document is typically issued earlier in the transaction and serves to disclose information regarding the title of the property, including any liens or encumbrances that may exist. While it is a critical part of the due diligence process prior to closing, it does not constitute an asset or document that the buyer takes possession of at the time of closing. Therefore, it stands out as the item that is not delivered to the buyer at that pivotal moment.

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