Hawaii Real Estate Salesperson Exam — All Questions

A Hawaii licensee may represent both the buyer and the seller in the same transaction only when:

• a.The price is below a set threshold
• b.The broker-in-charge approves after closing
• c.Both parties give informed written consent✓
• d.The Commission grants a waiver

Dual agency is permitted only with the informed written consent of both parties. A dual agent must remain neutral on price and terms and may not reveal one party's confidential negotiating information to the other, because dual agency limits the advocacy each client would otherwise receive.

When a Hawaii licensee represents a client, the licensee owes that client:

• a.Only a duty of honesty and fair dealing
• b.Fiduciary duties including loyalty, confidentiality, obedience, care, accounting, and disclosure✓
• c.A duty to obtain the highest possible commission
• d.No duty of confidentiality after an offer is made

A licensee representing a client owes fiduciary duties: loyalty, obedience to lawful instructions, confidentiality, reasonable care and diligence, accounting for funds, and full disclosure of material facts. A customer who is not a client is owed honesty, fair dealing, and disclosure of known material facts, but not the full fiduciary duties owed to a client.