When must a Hawaii real estate licensee provide an agency disclosure to prospective purchasers?

Providing an agency disclosure to prospective purchasers is crucial for maintaining transparency and ensuring that all parties understand the nature of the agency relationship. In Hawaii, the law requires that this disclosure be provided before any offers to purchase are prepared or presented. This timing is essential because it allows prospective buyers to be fully informed about who the licensee represents in the transaction before they make significant decisions, such as making an offer on a property.

This step is designed to protect consumers by clearly outlining the responsibilities and obligations of the licensee towards both the buyer and the seller. By providing this information upfront, the licensee ensures that the buyer understands their rights and can make informed choices moving forward.

While it may seem beneficial to address agency relationships at moments like open houses or closings, these instances do not meet the legal requirement to disclose the agency relationship before any offer is made. Thus, the necessity for clear communication early in the process underscores the answer provided.