Agency
Dual agency in Hawaii is BEST described as:
AAn agent representing two buyers competing for the same property
BA brokerage representing both the buyer and seller in the same transaction✓ Correct
CTwo different brokerages cooperating on a transaction
DAn agent licensed in two states
Explanation
Dual agency occurs when a single brokerage represents both the buyer and the seller in the same transaction. In Hawaii, dual agency is permitted but requires informed written consent from both parties.
Related Hawaii Agency Questions
- In Hawaii, designated agency allows:
- What is 'in-house transaction' or 'office exclusivity' in Hawaiian real estate brokerage?
- What is a 'listing agreement cancellation' and under what circumstances can a seller cancel a listing in Hawaii?
- What is 'customer versus client' in Hawaii real estate agency relationships?
- What is 'non-exclusive buyer agency agreement' and how does it differ from an exclusive one in Hawaii?
- In a Hawaii transaction, the listing broker agrees to pay a portion of the commission to a cooperating buyer's broker. This arrangement is called:
- What are a Hawaii agent's obligations to third parties (non-clients) during a real estate transaction?
- Under Hawaii real estate law, which of the following is NOT a fiduciary duty owed by an agent to their client?
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