Agency
A Hawaii buyer's agent signs a buyer representation agreement. The buyer then finds a property on their own. Which statement is correct?
AA. The buyer can proceed without owing a commission since no agent was involved
BB. The buyer may owe the buyer's agent a commission if the property is within the agreement's scope and terms✓ Correct
CC. The buyer's agent agreement is automatically terminated when the buyer finds property independently
DD. The buyer owes nothing since the agent did not show the property
Explanation
If a buyer finds a property within the scope of an exclusive buyer representation agreement, they may still owe their agent compensation per the agreement's terms, even if the agent didn't show the property.
Related Hawaii Agency Questions
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- What is a 'broker price opinion' (BPO) and can Hawaii agents provide them?
- In Hawaii, a real estate licensee who represents only the buyer in a transaction is known as a:
- In Hawaii, an agency relationship is terminated in all of the following ways EXCEPT:
- A Hawaii seller's agent must disclose to a prospective buyer any known material defects. This duty applies because:
- Which type of Hawaii listing allows the seller to sell the property themselves without paying a commission?
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- Hawaii's real estate disclosure law requires agency disclosure to be made:
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