Which of the following is a requirement for buyer representation agreements in Hawaii?

In Hawaii, buyer representation agreements must be in writing to be enforceable. This requirement is in place to ensure that both parties have a clear understanding of their obligations and expectations within the agreement. A written document provides a tangible reference that can help prevent misunderstandings or disputes, making it an essential component of real estate transactions.

This principle is rooted in contract law, which generally holds that agreements that are to be enforceable must be documented in some form when they involve certain types of transactions, such as those pertaining to real estate. By requiring these agreements to be in writing, the law aims to protect buyers, providing them with a formalized sense of commitment and clarity about the services they will receive from their agents.

The other options do not reflect the requirements accurately: the notion that buyer representation agreements are illegal is incorrect, as they are a standard practice in real estate transactions; the idea that they must be on specific forms prepared by the real estate commission is not accurate, as while forms may be provided, the emphasis is on the agreement being in writing regardless of the specific format; and the assertion that they are not regulated under license laws fails to recognize that buyer representation agreements are indeed subject to real estate regulations and laws, which reinforce the necessity of having these