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Walt
Harvey
(R), ABR,
CIPS, CRB, CRS, GRI, PMN, SRES,
AHWD, e-PRO,
RSPS, SFR, TRC, A-REO, CDPE, CDRS, CIAS, CNHS, QSC, RCC
Licensed Broker in Hawaii
(HI License#: RB-18127)
Licensed Broker in
California
(CA License#: 00822998)
Arla
Harvey
(R),
CRS, GRI, PMN, AHWD, e-PRO, RSPS,
SFR, TRC
Licensed Broker in Hawaii
(HI License#: RB-19349)
Licensed Broker in
California
(CA License#: 00889189)
"Setting A Higher Standard!"
East Oahu Realty, Inc.
6600 Kalanianaole Hwy., #114
Honolulu, HI 96825
Direct: 808-375-8959
Toll Free:
866-773-3351
Fax: 866-775-1356
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Agency in Hawaii
Last updated:
05/05/2012 10:29:11 PM
In
Hawaii, there is no uniform definition of an agent’s duties to all parties
and no uniform disclosure required other than the one found in The Purchase
Agreement: "Section A: AGENCY DISCLOSURE. A-1 AGENCY. Buyer and/or
Seller in a real estate transaction in Hawaii may retain a real estate
Brokerage Firm as their agent. In such case, Buyer and/or Seller is
represented by the Brokerage Firm and all of its licensees. Hawaii law
requires real estate licensees to disclose orally or in writing to Seller
and/or Buyer whom the licensee represents. The form of representation may be
one of the following: (a) Seller's Agent. Brokerage Firm represents
Seller only unless a disclosed dual agency exists. Seller's Agent owes the
highest duties to Seller, including confidentiality, loyalty, and utmost
care. (b) Buyer's Agent. Brokerage Firm represents Buyer only unless
a disclosed dual agency exists. Buyer's Agent owes the highest duties to
Buyer, including confidentiality, loyalty, and utmost care. (c) Dual
Agent. Brokerage Firm represents both Buyer and Seller. This commonly
occurs when licensees in the Brokerage Firm representing Seller have Buyer
clients looking for types of property similar to Seller's property. Dual
Agents must remain neutral in negotiations and must not advance the
interests of one party over the other. A separate Dual Agency Consent
Addendum is required under Hawaii Law. (d) No Agency Representation" (Buyer
or Seller is a Customer and is not represented by a Brokerage Firm. It is
recommended the Customers seek legal counsel prior to signing a Purchase
Contract.)
Most realty companies have a
“dual-agency” disclosure that puts buyer and seller on
notice that the same company represents both.
If you are seeking real estate in Hawaii we can help you
understand agency relationships. The articles below
include news articles about the concept of Agency.
Agency Part 1 - Who’s Looking Out For You?
by Walt Harvey,
Small Business Hawaii News, 11/2004
Who does your agent represent?
by
Walt Harvey, Small Business News, 3/2005
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