Hawaii License Law
In Hawaii, a real estate licensee acting as a buyer's agent in a transaction where they also represent the seller has created:
AA. Subagency
BB. Dual agency✓ Correct
CC. Designated agency
DD. Transactional brokerage
Explanation
When the same agent represents both buyer and seller, dual agency exists. Hawaii permits dual agency with written, informed consent of both parties.
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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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
State-Specific Concepts
License Law
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