Agency
Hawaii's real estate disclosure law requires agency disclosure to be made:
AOnly at closing
BAt the time of first substantial contact with a consumer✓ Correct
CAfter an offer is accepted
DWhen a listing agreement is signed
Explanation
Hawaii law requires licensees to disclose their agency relationship at the time of first substantial contact with a prospective buyer or seller.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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