Agency
What is a 'listing agreement cancellation' and under what circumstances can a seller cancel a listing in Hawaii?
AA. Sellers cannot cancel listing agreements under any circumstances
BB. Sellers may cancel a listing by mutual agreement with the broker, for broker failure to perform, or by other contract provisions; sellers may owe compensation even after cancellation if the broker procured a ready, willing, and able buyer✓ Correct
CC. Sellers may cancel any listing agreement within 30 days of signing without obligation
DD. Only the Real Estate Commission may authorize listing cancellations
Explanation
Sellers may cancel listings by mutual agreement, for cause (broker's material failure to perform), or according to cancellation provisions in the listing agreement. However, if a seller cancels after a ready, willing, and able buyer is presented, the seller may still owe commission. If the seller re-lists and sells during the protection period to a buyer introduced during the listing, commission may be owed.
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