All Forum Posts by: Fouad Hajji

Yes, I’m in Honolulu. I had actually been told — and also saw in a RE video on YouTube — that you could start the background check process early while you're still finishing your education. The idea is that since it can take up to three weeks to process, doing it early could save time so you’re not waiting on it after you pass the exam.

However, all of the information I listed above, including the note I quoted, came directly from the Hawaii Real Estate Commission’s website. According to that, it seems the official license application — which includes instructions for fingerprinting and the background check — is only given to candidates after they pass the exam. So unless I’m misunderstanding something, it doesn’t look like you can start the background check early in Hawaii.

I was a bit surprised to learn that, since other states sometimes let you handle the background check earlier in the process. But I do appreciate your point — no sense in paying for the background check or license application until you're fairly confident you'll pass.

Thanks again for your input and best wishes to you too! 

" NOTE: The Salesperson and Broker (Individual) license application is provided to candidates upon successfully passing the Hawaii real estate salesperson or broker examination at the test site. Successful examination candidates may also obtain the application by calling, writing, or faxing the "

I’ve been told it’s possible—and even recommended—to start the background check and fingerprinting process early, since it can take about three weeks to complete. I’m currently around 80% done with the pre-licensing education and planning to take the exam in about 3–4 weeks, so starting the background check now would be ideal.

I created an account on MyPVL and began the application process. After filling out the initial basic info pages, the system asks me to upload the entire application along with all supporting documents and certificates.

Has anyone successfully started the background check process before completing their education? If so, how did you do it on the MyPVL system? Any help would be much appreciated!

Mahalo

UPDATE: I just found this note on the DCCA Real Estate Branch website:

Based on this, it sounds like it may not be possible to trigger the fingerprinting/background check process before passing the exam. Can anyone confirm whether that’s true? Or is there a workaround I’m missing?

Aloha,

I’m looking for some feedback on some annual historical averages on Oahu.

These come from many difference sources, which could be unreliable.

Which of these seem incorrect to you?

mortgage closing costs: 2 to 5%

property value appreciation: 3 to 6%

cash on cash return: 2 to 4%

cap rate: 4 to 5%

rent growth: 3 to 5%

rental property expenses growth: 2 to 4%

repairs & maintenance cost: 5 to 10%

capex: 1 to 3 %

Vacancy rate: 4 to 6%

Mahalo !

Aloha Joel, where do I find your meetups ?

Breaking-the-analysis-paralysis-cycle phase.  After listening to biggerpockets for 3 years, here I am writing my first post and finally analyzing deals to get my reps in.  I'm screenshotting this and hopefully in 5, 10 or 15 years from now, I will have it framed on my wall as memory of where it all started. Fingers crossed.