Which type of deed would require payment of a conveyance tax in Hawaii?

Prepare for the Hawaii Real Estate State Exam. Study with comprehensive quizzes featuring flashcards, practice questions, and detailed explanations. Enhance your exam readiness!

A general warranty deed would require payment of a conveyance tax in Hawaii because it is a legal document used to transfer ownership of real property, where the grantor guarantees that the title to the property is clear of any claims, liens, or encumbrances. This transaction typically involves a sale where the property is being exchanged for money or other forms of compensation, triggering the conveyance tax obligation.

In Hawaii, the conveyance tax is assessed on the transfer of real estate and is based on the total consideration paid for the property. Since a general warranty deed is associated with a sale and involves a defined monetary exchange, it becomes subject to this tax.

On the other hand, gift deeds generally do not incur a conveyance tax since they involve the transfer of property without any consideration exchanged. Devisee's deeds, associated with transferring property through a will, may not have a monetary transaction involved at the time of initiation, meaning that such transfers may not be subject to the tax. Satisfaction of an agreement of sale usually pertains to fulfilling terms of a contract rather than transferring a title outright, which can also exempt it from this charge.

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