Updated December 27, 2022
A Hawaii buyer agency agreement is used to establish terms for a real estate transaction between a licensed agent and an individual seeking to purchase property. The agreement states that the agent will negotiate with sellers to find a property that meets both the buyer’s financial and geographical preferences. To compensate the agent for their services, the buyer may be required to pay a one-time fee or a portion of the total purchase price. However, payment is more commonly furnished by the seller in the form of a commission, which would be split between the two brokerage agencies.