Agency
In Hawaii, an agent's failure to respond promptly to a client's inquiries about an offer may constitute:
AA. Normal business delays with no consequences
BB. A breach of the duty of reasonable care and diligence✓ Correct
CC. A violation of the MLS rules only
DD. An acceptable approach if the agent is on vacation
Explanation
The duty of reasonable care and diligence requires agents to be responsive and attentive to their clients' needs, including timely communication about offers and transactions.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same 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.
State-Specific Concepts
Continuing Education
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