Hawaii Pre-Licensing National Practice Exam

A deed is the primary document used to convey real property in Hawaii, as it is in many places across the United States. A deed is a legal instrument that transfers ownership of real estate from one party to another. It includes essential information, such as the names of the grantor (seller) and grantee (buyer), a description of the property, and the signature of the grantor.

While other documents like a mortgage agreement, an agreement of sale, and a lease contract are significant in real estate transactions, they serve different purposes. A mortgage agreement is used to secure a loan with the property as collateral, but it does not transfer ownership.

An agreement of sale outlines the terms under which a buyer agrees to purchase property but is not the document that legally transfers ownership; that happens when a deed is executed and delivered. A lease contract is a rental agreement that provides temporary possession of property rather than ownership.

Thus, the deed is paramount in the process of transferring title to real estate, making it the correct answer for conveying property in Hawaii.