Welcome to our Maui Real Estate Transactions category, where buyers and sellers can find invaluable resources to navigate the complexities of property transactions on the island. Whether you're purchasing your dream home or listing your property for sale, understanding the intricacies of real estate contracts is essential. Dive into our articles to learn about the elements of a Maui real estate contract, including terms, conditions, and legal obligations, empowering you to make informed decisions and ensure smooth transactions in Maui's vibrant real estate market.

What does agency in real estate mean?

Understanding agency in real estate is fundamental for anyone navigating the complexities of buying or selling property. Simply put, agency refers to the relationship between a client and their chosen real estate brokerage firm. This concept is prominently featured on the first page of both the purchase contract and the listing agreement for good reason—it forms the foundation of the entire transaction process.

In Hawaii, when a buyer or seller engages a real estate brokerage firm as their agent, they are represented by that firm and all its licensees. It's a legal requirement for real estate licensees to disclose, either orally or in writing, whom they represent to the…

296 Views, 0 Comments

Read Full Post