Agency
Under Hawaii agency law, which duty requires a licensee to place the client's interests above all others, including the licensee's own?
ADisclosure
BLoyalty✓ Correct
CObedience
DAccounting
Explanation
The fiduciary duty of loyalty requires an agent to place the principal's interests above all others, including their own personal interests.
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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.
State-Specific Concepts
Disclosure Requirements
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