Agency
What is 'informed consent' for a Hawaii agent to purchase a listed property from their own client?
AA. An agent may never purchase a listed property from their own seller client
BB. An agent who wishes to purchase a property they have listed must fully disclose their identity as the buyer, their license status, and obtain the seller's informed written consent to the transaction✓ Correct
CC. Agents may purchase listings only after the listing expires and the protection period ends
DD. Only principal brokers may purchase properties from clients; salespersons may not
Explanation
An agent who wants to purchase a property they have listed for a client faces a direct conflict of interest (agent as buyer vs. agent's duty to seller).
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