Mahalo for your interest!
Here is a FREE PREVIEW of the course, below...
Agency
Day 1, Module 1
What is Agency?
Agency is the ability to act. Each person has agency in their own lives, which includes: making decisions, taking action, and accepting responsibility for the consequences of their actions.
What is an Agency Relationship?
An Agency Relationship is a relationship of trust, in which one person (the Principal) gives a representative (the Agent) authority to act on the Principal's behalf. In business, this is referred to as a "Fiduciary Relationship", coming from the Latin word for "faith".
What are the Agency Requirements?
The following three things are required in an agency relationship. You can remember them as the ABC's:
- Agreement. There must be agreement between the Principal and Agent.
- Benefit. The Principal benefits from the services of the Agent
- Control. The Agent may not simply do whatever they want to do when representing the Principal. The Principal has final say or "control" of the agent's actions on their behalf.
Who is a Client?
A more common word for "Principal" in an agency relationship is "Client". A client is represented by their Realtor.
Who is a Customer?
A customer may benefit from the services of a Realtor, but there is no fiduciary relationship. A customer is party to a real estate transaction (buyer or seller) but is not represented by a Realtor.
Does an agency relationship have to be in writing?
- An agency relationship does NOT have to be in writing. It can be implied through action. For instance, if a licensee gives a consumer recommendations on pricing, this action may be imply an agency relationship.
- To avoid confusion (and possible lawsuits), an agency relationship SHOULD be in writing for everyone's protection.
We hope this helps you get a feel for our online course experience.
Please check out our
Course Library, below...
HiRE Course Library
8-Day > Fast Track > LIVE > Intensive
DESCRIPTION: Our 60-hour PREMIUM Pre-license Course with an INVESTOR Focus. 100% LIVE, In-Person. The FASTEST path to completion and HIGHEST SUCCESS rate for the exam. Connect with guest speakers including: lenders, home stagers, title specialists, escrow officers and top realtors.
WHO IS THIS FOR: Pre-license candidates who want to:
- Complete their education requirements within 8 business days
- Accelerate their career by networking with industry experts
- Understand the mindset and methods of the investor
- Work with investor clients OR
- Become real estate investors themselves
WHAT YOU WILL LEARN: In addition to how to pass the license exam, you will learn to speak the language of the investor, the numbers for analyzing a deal, the entities for ownership, and how to finance huge purchases.
WHAT YOU WILL EARN: Upon passing our final exam you will receive your School Completion Certificate, which is your ticket to take the Hawaii Exam for Real Estate Licensure.
WHAT YOU WILL RECEIVE:
- A bound, hard copy the official text of the Hawaii Real Estate Laws covered in this course
- A binder containing printed samples of up-to-date versions of Hawaii real estate contracts and addenda
- A hard copy of the HiRE Wiki Study Guide
- Acccess to HiRealty Agent ONLINE learning portal
- Face-to-face introductions to top vendors and service providers in the real estate industry to accelerate your career path.
REQUIREMENTS: College Degree OR 5 years work experience
SCHEDULE: This course will be completed in 8 business days. Week 1: Monday through Friday 8am-4:30pm, Week 2: Monday & Tuesday 8am-4:30pm, Final Exam Wednesday (4 hours). 7.5 days total. Breaks every hour and 1/2 hour for lunch.
Independent Study, 100% ONLINE
DESCRIPTION: Our 60-hour ONLINE Pre-license Course. Learn at your own pace and keep track of your progress with our organized curriculum and easy-to-use interface.
WHO IS THIS FOR: Pre-license candidates who want to:
- Learn from home via computer or mobile device
- Have the flexibility to complete the course material on your own schedule
WHAT YOU WILL LEARN: Course topics include: The Basics of Agency, Real Estate Principles & Practices, Hawaii Real Estate History, Property Rights, Contracts, Title & Escrow.
WHAT YOU WILL EARN: Upon passing our final exam you will receive your School Completion Certificate, which is your ticket to take the Hawaii Exam for Real Estate Licensure.
REQUIREMENTS: Candidates must be at least 18 years of age, have a high school diploma or its equivalent, and authorized to work in the US.
SCHEDULE: 100% Online. Learn at your your own pace, on your own schedule!
HYBRID: Live, In-Person + Online
DESCRIPTION: The best of both worlds! Our 60-hour Pre-license Course is divided into 50% In-Person Instruction and 50% Independent Study Online through our HiRealty Agent Learning Portal.
WHO IS THIS FOR: Pre-license candidates who want to:
- Benefit from LIVE, in-person instruction
- Get questions answered in real time from qualified instructors
- Would like the flexibility of learning from home
WHAT YOU WILL LEARN: In addition to how to pass the license exam, you will learn to speak the language of the investor, the numbers for analyzing a deal, the entities for ownership, and how to finance huge purchases.
REQUIREMENTS: College Degree OR 5 years work experience
SCHEDULE: 5 Weeks. Saturdays, 9:00 am to 4:00 pm. Short breaks are allotted every hour with 1 hour break for lunch.
State of Hawaii License Exam Prep
DESCRIPTION: Learn everything you need to know to pass the Hawaii State Portion. NOTE: The Hawaii Exam for Licensure includes both a "State Portion," specific to Hawaii, and "National Portion". General Real Estate Principles for the National Portion are not covered in this course.
WHO IS THIS FOR: Persons preparing for the Hawaii Licensure Exam who are already licensed in another state (and exempt from HI educational requirements) OR anyone who wants to learn Real Estate laws, principles and practices specific to Hawaii.
WHAT YOU WILL LEARN: Topics in this course include: Fee Simple vs. Leasehold Property Ownership, Lien Theory vs. Title Theory, Recording Systems in Hawaii, Dower Rights, and Native Hawaiian Land rights.
WHAT YOU WILL GAIN: A greater appreciation for the uniqueness of land in Hawaii and knowledge to pass the Hawaii portion of the exam.
REQUIREMENTS: No prerequisites are required for this course. This course is informational only; no certificates will be given upon completion.
SCHEDULE: 100% Online. Learn at your your own pace, on your own schedule!
