As a result of the recent NAR settlement, buyers must execute a Buyer Representation Contract prior to touring homes with a Realtor. Why am I being asked to sign this? If you’re a homebuyer working with an agent who is a REALTOR®, it means you are working with a professional ethically obligated to work in your best interest. As of August 17, 2024, you will be asked to sign a written buyer agreement after you’ve chosen the professional you want to work with. Here’s what you should know about these agreements:   What is a “written buyer agreement?” What does it do? A written buyer agreement is an agreement between you and your real estate professional outlining the services your real estate professional will provide you, and what they will be paid for those services.   Why am I being asked to sign an agreement? Written buyer agreements became a nationwide requirement for many real estate professionals as a part of the National Association of REALTORS®’ proposed settlement of litigation related to broker commissions. The requirement went into effect on August 17, 2024.   Are these agreements new? In some places, yes. Many states have required them for years, while some have not. As a result, it is entirely possible you or others you know have not used them in the recent past. Regardless, they are now a nationwide requirement for many real estate professionals.   Are these agreements negotiable? Yes! You should feel empowered to negotiate any aspect of the agreement with your real estate professional, such as the services you want to receive, the length of the agreement, and the compensation, if any. Compensation between you and your real estate professional is negotiable and not set by law. In the written agreement, the compensation must be clearly defined (e.g., $0, X flat fee, X percent, X hourly rate)—and not open-ended or a range. Only sign an agreement that reflects what you have agreed to with your real estate professional.   How do I benefit from these agreements? These agreements clearly lay out what services you (as a homebuyer) expect your real estate professional to provide, and what your real estate professional will be paid. These agreements make things clear and reduce any potential confusion at the outset of your relationship with your real estate professional.   When do I need to sign an agreement? You will be asked to enter into a written buyer agreement with your real estate professional before “touring” a home with them, either in-person or virtually. If you are simply visiting an open house on your own or asking a real estate professional about their services, you do not need to sign a written buyer agreement.   Does this mean I have to pay my real estate professional out of pocket? Not necessarily. While you are responsible for paying your real estate professional as outlined by your agreement, you can still request, negotiate for, and receive compensation for your real estate professional from the seller or their agent.   Do agreements dictate a specific type of relationship I need to have with my real estate professional? No—you are allowed to enter into any type of business relationship with your real estate professional allowed by state law where you live.   Can I change or exit an agreement? Yes. You and your real estate professional can mutually agree to change your agreement. Agreements may have specific conditions under which they can be exited, so read the text of the agreement and speak with your real estate professional if you would like to change or exit your agreement.   Please visit facts.realtor for more information.   If you have any questions, or would like to view a copy of our Buyer Representation Contract, email us at info@OnePacificRealty.com.

  Exciting News for Homebuyers! Ka'ulu by Gentry is thrilled to announce the release of Phases 9 and 10, offering a mix of Market and Reserved townhomes, as well as single-family homes. These highly anticipated new homes are set to be offered through a lottery system, providing equal opportunities for interested owner-occupant buyers. Key Details: Lottery Dates: Application Deadline: Thursday, September 5, 2024, at 12:00 PM Lottery Date: Saturday, September 7th, at 11:00 AM Home Types: Market and Reserved townhomes, Market single-family homes VA Approved: Ka'ulu by Gentry is VA-approved, making homeownership more accessible for veterans. Income and Asset Limits: Reserved units are subject to income and asset limits to ensure affordability. Additional restrictions may apply. How to Apply: Obtain Pre-Qualification: To be eligible for the lottery, potential buyers must obtain a pre-qualification letter from a projec approved lender. Submit Application: Completed applications must be submitted by the deadline. Attend Lottery: Selected applicants will be notified and invited to attend the lottery event. About Ka'ulu by Gentry: Ka'ulu by Gentry is a master-planned community offering a variety of housing options, amenities, and a desirable location. With its emphasis on sustainability and community, Ka'ulu provides a high-quality living experience for residents. Don't Miss Out! If you're looking to purchase a new home in Ka'ulu by Gentry, now is the time to act. The lottery system ensures a fair and transparent process for all interested buyers. For more information including a required Buyer Representation Contract or to download an application, inquire at info@onepacificrealty.com. Or visit Ka'ulu By Gentry.

  Introduction Get ready to embark on a culinary adventure to Korea without leaving Honolulu! Onkee Korean Grill House, a highly anticipated new Korean restaurant, is now open in Koula at Ward Village. This exciting addition to the local dining scene promises to tantalize your taste buds with authentic Korean flavors and exceptional service. A Taste of Korea Onkee Korean Grill House offers a diverse menu featuring classic Korean dishes and innovative creations. Whether you're a seasoned Korean food enthusiast or new to the cuisine, there's something for everyone to enjoy. Indulge in sizzling barbecue, savory stews, refreshing noodles, and delectable rice dishes. Must-Try Dishes: Korean BBQ: Grill your own choice of meats like beef short ribs, pork belly, or chicken at your table. Bibimbap: A colorful rice bowl topped with various vegetables, meat, and a fried egg. Kimchi Stew: A hearty and comforting stew made with kimchi, tofu, and other ingredients. A Modern and Inviting Atmosphere Onkee Korean Grill House boasts a modern and inviting atmosphere that's perfect for casual dining with friends and family. The restaurant's sleek design and comfortable seating create a welcoming environment where you can relax and savor your meal. Visit Onkee Korean Grill House Today If you're looking for a new and exciting dining experience in Honolulu, be sure to visit Onkee Korean Grill House. With its delicious food, friendly service, and stylish ambiance, it's quickly becoming a favorite among locals and visitors alike. Location: Koula at Ward Village, 1000 Auahi Street, 2nd floor Hours: 5-10pm Sunday thru Thursday, 5-11pm Friday & Saturday