Contracts
A Hawaii real estate listing agreement is a contract between the seller and:
AA. The buyer's agent
BB. The listing broker✓ Correct
CC. The individual salesperson
DD. The Hawaii Real Estate Commission
Explanation
A listing agreement is a contract between the property owner (seller) and the listing broker (brokerage firm), not the individual salesperson, even though a salesperson may execute it.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Math Concepts
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