Under Hawaii law and HAR Title 16, Chapter 99, which of the following is NOT a required element of the written agency disclosure form that a Hawaii licensee must provide to a prospective client at first substantive contact?
Correct Answer
D) The specific commission rate or compensation amount the licensee will receive in the transaction
The Hawaii agency disclosure form required under HAR Title 16, Chapter 99 must explain the types of agency relationships available (seller's agent, buyer's agent, dual agent, etc.), describe the duties owed under each relationship, and identify the brokerage. However, the specific commission rate or compensation amount is NOT a required element of the agency disclosure form itself. Compensation is addressed separately in the listing agreement, buyer representation agreement, or other contractual documents — not in the agency disclosure form.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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