In a real estate transaction, which of the following is a broker not required to do?

In a real estate transaction, a broker is not required to inform the buyer of their personal opinion on the title condition. Brokers have a duty to provide factual and relevant information pertaining to the transaction based on their expertise and the data available. However, sharing personal opinions can create liability issues for brokers, as opinions may not always reflect the objective condition of the title.

In contrast, reviewing the closing statement for accuracy is a critical responsibility of a broker to ensure that all calculations related to the transaction are correct and that both parties understand the financial details. Additionally, brokers must ensure that all terms agreed upon in the purchase agreement are included, as this protects the interests of the parties involved and prevents potential disputes. Keeping transaction documents for three years is also a standard legal requirement to comply with record-keeping regulations in many states, including Hawaii. This retention ensures that important information is accessible in case of future inquiries or disputes.