Under Hawaii Administrative Rules Title 16, Chapter 99, when must a real estate licensee provide the agency disclosure form to a prospective buyer or seller?
Correct Answer
A) At the time of the first substantive contact with the prospective client
Under HAR Title 16, Chapter 99, Hawaii licensees are required to provide the agency disclosure form at the time of the first substantive contact with a prospective buyer or seller. 'Substantive contact' means any discussion of specific real property, price, terms, or the needs and motivations of the party — not merely a casual introduction. This requirement ensures that parties understand the licensee's agency role before any meaningful negotiation begins.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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