Agency
What is a 'buyer representation agreement' exclusive clause and what does it mean for Hawaii buyers?
AA. The buyer may not view properties without the agent present
BB. During the agreement's term, the buyer agrees to work exclusively with that agent and broker, meaning if the buyer purchases through another agent, the original agent may still be entitled to compensation✓ Correct
CC. The broker exclusively represents buyers and may not list properties
DD. The exclusive clause prevents the buyer from making offers on new construction
Explanation
An exclusive buyer representation agreement means the buyer agrees to work exclusively with the designated agent for the agreement's term. If the buyer purchases a property (even one found independently or through another agent) during the term, the buyer may owe compensation to the original broker. Hawaii buyers should understand this before signing exclusivity agreements.
Related Hawaii Agency Questions
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- Dual agency in Hawaii is BEST described as:
- In Hawaii, a seller's agent who acts as a 'buyer facilitator' without formal buyer representation:
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