Hawaii License Law
What is a 'team' in Hawaii real estate and how does team compensation work?
AA. Teams are prohibited in Hawaii; all agents must work independently under their broker
BB. A group of licensees working together under one or more team leaders; all must be licensed, affiliated with the same principal broker, and compensation flows through the broker✓ Correct
CC. A team may form its own brokerage entity without a principal broker's license
DD. Only salespersons may form teams; brokers must work independently
Explanation
Real estate teams are groups of licensees working together, often with shared marketing and support. In Hawaii, all team members must individually hold active licenses and be affiliated with the same principal broker. The team name cannot imply a separate brokerage, and all compensation must flow through the principal broker. Teams operate under the broker's supervision.
Related Hawaii Hawaii License Law Questions
- In Hawaii, a real estate licensee may NOT:
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- In Hawaii, which of the following persons is EXEMPT from real estate licensing requirements?
- In Hawaii, the term 'associate broker' (also known as broker-salesperson) refers to:
- What is the minimum experience requirement to qualify for a Hawaii real estate broker license?
- In Hawaii, a broker must keep transaction records for a minimum of how many years?
- What is the minimum passing score required on the Hawaii real estate salesperson exam?
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