If a broker's salesperson wishes to buy a property they have listed, what must they do?

When a broker's salesperson wishes to buy a property they have listed, it is essential for them to inform the owner in writing that they are a licensee. This requirement is in place to maintain transparency and ensure that the property owner is fully aware of the salesperson's professional status and potential conflict of interest in the transaction.

By disclosing their licensee status, the salesperson upholds ethical standards in real estate practice and protects the interests of the property owner. This communication allows the property owner to make informed decisions and offers them the opportunity to negotiate terms with full knowledge of the salesperson’s involvement.

Other options such as having a third party purchase the property, resigning as the broker's agent, or obtaining permission from the Hawaii Real Estate Commission may seem practical but do not directly address the legal obligation of disclosure that is fundamental in the real estate profession. Proper disclosure safeguards all parties involved in a transaction and helps to foster trust in the real estate process.