HAWAII REAL ESTATE PURCHASE AGREEMENT 2025

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  1. Click ‘Get Form’ to open the HAWAII REAL ESTATE PURCHASE AGREEMENT in the editor.
  2. Begin by filling in the Effective Date at the top of the form, followed by the Seller's and Buyer's names and addresses. This establishes who is involved in the transaction.
  3. In the PROPERTY section, provide the complete address and legal description of the property being sold. Ensure accuracy as this is crucial for legal purposes.
  4. Next, specify any personal property included in the sale under PERSONAL PROPERTY. Clearly list items that are part of the transaction to avoid misunderstandings.
  5. Fill out the PURCHASE PRICE AND TERMS section, indicating whether it’s an all-cash offer or if financing is involved. Include necessary details such as loan type and deadlines for documentation.
  6. Complete sections on EARNEST MONEY and DISCLOSURES, ensuring all required disclosures are attached and acknowledged by both parties.
  7. Review all sections thoroughly before signing. Use our platform’s features to save your progress and ensure all fields are completed accurately.

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In Hawaii, some real estate transactions are between Sellers and Buyers who are both represented by the same real estate broker/firm. Those realtors are called Dual Agents because they owe fiduciary duties to both sellers and buyers.
The NAR settlement requires a written Buyer Agreement with a Buyer before visiting any property with a Realtor. The Buyer Agreement must specify the compensation between you, the prospective Buyer, and the agent representing you.
The important difference is that an offer hasnt been agreed upon yet. A signed purchase agreement also usually contains the terms of the sale, spelling out what is required for the sale to be completed and that both parties have agreed to.
If you are a REALTOR, you will be required in all 50 states to have a Buyer Written Agreement before touring homes. Michael Tessaro DOJ just intervened to block the release of the new California forms from CAR. Thats a very interesting, and possibly disturbing incident.
Writing your own contracts is perfectly possible, and legal. But its also an incredibly bad idea. Theres two reasons for this: Property law is complicated. Because its such a fundamental part of legislation, its often lots and lots of different laws layered on top of each other.
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Most real estate contracts include contingencies conditions that must be met for the agreement to move forward. If the seller included their own contingencies, such as a clause stating the sale is contingent upon their ability to find a new home, they can back out if those conditions are not met.
Drawing up a contract may be considered a ministerial act in your jurisdiction (and by your broker/EO insurance), but you should definitely have something signed from the buyer as a CYA confirming that the buyer is aware that you do not represent them, and they should seek separate, professional/legal advice.
You dont need to sign anything if youre just interviewing an agent or chatting with a listing agent at an open house. But once you begin working together formally, a written agreement ensures everyone is on the same page.

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