Under Hawaii Administrative Rules Title 16, Chapter 99, when must a Hawaii real estate licensee provide the agency disclosure form to a prospective seller at a listing appointment?
Correct Answer
A) Before or at the time of the first substantive contact with the prospective seller
Under Hawaii Administrative Rules Title 16, Chapter 99, the agency disclosure form must be provided to prospective sellers and buyers before or at the time of the first substantive contact. For a listing appointment, the first substantive contact with the prospective seller triggers the disclosure requirement. Waiting until the listing agreement is signed is too late under Hawaii law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
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