Contracts
In Hawaii, 'integration' in a real estate contract means:
AA. The requirement to include both buyer's and seller's signatures in the same document
BB. The final written contract supersedes and merges all prior oral and written agreements between the parties✓ Correct
CC. The requirement to include all addenda at time of signing
DD. The process of recording all contract documents simultaneously
Explanation
Integration (merger) means the final written contract is the complete agreement between the parties, superseding all prior negotiations, oral agreements, and representations.
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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