Agency
In Hawaii, which of the following is NOT a common method by which a buyer-broker agreement may be terminated?
AA. Mutual agreement of the parties
BB. Expiration of the agreement term
CC. The agent showing the buyer properties they don't like✓ Correct
DD. Completion of the transaction
Explanation
Showing a buyer properties they don't like is not grounds to terminate a buyer-broker agreement. Agreements end by mutual agreement, expiration, completion, or other contractual provisions.
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Key Terms to Know
Agency
A 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.
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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