Hawaii Pre-Licensing National Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Hawaii Pre-Licensing National Exam. Study with flashcards and multiple choice questions, each question provides hints and explanations. Get ready for success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

In the scenario where Broker V is employed by the T's and the M's submit an offer with conditions, what is Broker V's obligation?

To accept the offer on behalf of the T's
To convey the information to the M's
To convey the information to the T's
To negotiate the terms for the M's

The correct answer is: To convey the information to the T's

Broker V's obligation, in this situation, centers around the duty to communicate offers and counteroffers between the parties involved. In real estate, the broker plays a critical role as a facilitator and intermediary. When the M's submit an offer with conditions, Broker V is responsible for conveying this information to the T's, who are his clients. This duty includes not only informing them of the offer but also ensuring they understand the terms, including any conditions that the M's have attached. The broker must act in the best interests of the T's and keep them fully informed so they can make an informed decision regarding how to respond to the offer. While accepting the offer on behalf of the T's, negotiating terms for the M's, or conveying information to the M's might be relevant actions in various contexts, Broker V's primary obligation here is to communicate with the T's and ensure they have all necessary information to proceed. This aligns with the broker's fiduciary duty to represent their client's interests faithfully.