Agency
Under Hawaii's agency disclosure requirements, a 'transaction broker' (facilitator) relationship means:
AThe broker represents only the buyer
BThe broker provides services to both parties without representing either as a fiduciary agent✓ Correct
CThe broker acts as the principal in the transaction
DThe broker holds the funds in trust
Explanation
A transaction broker (also called facilitator or non-agent) assists both parties with the transaction without taking on fiduciary duties to either side. This is a limited representation arrangement.
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Key Terms to Know
Capitalization Rate (Cap Rate)
A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Math Concepts
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