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REAL ESTATE COMMISSION Professional and Vocational Licensing Division Department of Commerce and Consumer Affairs State of Hawaii www.hawaii.gov/hirec MINUTES OF MEETING The agenda for this meeting
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How to fill out real estate commission

01
Gather all the necessary documents such as the contract or agreement between the real estate agent and the seller or buyer.
02
Review and understand the terms and conditions of the commission agreement.
03
Determine the agreed-upon commission rate or percentage.
04
Calculate the commission amount based on the final selling price or purchase price of the property.
05
Fill out the commission form provided by the real estate agency or use a standard commission agreement template.
06
Provide detailed information about the involved parties, property details, commission rate, and any additional terms or conditions.
07
Include all necessary signatures and relevant dates on the commission form.
08
Double-check all the information provided and ensure accuracy.
09
Submit the completed commission form to the appropriate party or real estate agency.
10
Keep a copy of the filled-out commission form for your records.

Who needs real estate commission?

01
Real estate sellers who hire a real estate agent to assist with selling their property.
02
Real estate buyers who work with a buyer's agent to help them find and purchase a property.
03
Real estate agencies that facilitate transactions between buyers and sellers.
04
Real estate agents who rely on commission as their primary source of income.
05
Property developers or investors who hire real estate agents to market and sell their properties.
06
Anyone involved in buying or selling real estate and utilizing the services of a real estate professional.
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Real estate commission is the fee paid to a real estate agent or broker for their services in facilitating the sale or purchase of a property.
Real estate agents and brokers are required to file real estate commission.
Real estate commission can be filled out by documenting all transactions and fees related to the sale or purchase of a property.
The purpose of real estate commission is to compensate the real estate agent or broker for their services and incentivize them to work diligently on behalf of their clients.
Information such as the sale price of the property, any fees paid to the agent or broker, and details of the transaction must be reported on real estate commission.
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