Our industry stole the headlines this month with a verdict delivered on October 31, 2023, in a case filed in Missouri known as Sitzer/Burnett, which challenged the real estate compensation model. The eight-person jury found the National Association of Realtors (“NAR”), HomeServices of America and Keller Williams Realty liable. Over the last few weeks other cases have popped up across the country asserting the same that commissions for the buyer’s side of the transaction are misleading and alleging that buyers overpay for their purchases. An appeal is in the works where NAR states that commissions are, and always have been, negotiable. Regardless of the outcome, brokerage firms across the country are keenly aware of the need to clearly disclose and document agency, compensation and brokerage services.
- Kukui‘ula Estate Lot 45
HAKA‘ULA PL, KOLOA, HI 96756
For those who seek only the finest at Kukuiula, Kauai’s premier club community, Estate Lot 45 also known as Lot 1-A provides an acre+ unrivaled and dramatic view homesite set that is fit for the most compelling home design.
- 3022 Kahalawai St
KOLOA, HI 96756
Stretching from the verdant hillside to the sea, revel in the views, comfort, luxury and serenity of Hale Keaka at Kukui‘ula, Kaua‘i’s preeminent club community. Decidedly design forward, this newly constructed contemporary home’s angles, expansive openings and mix of high-end materials unveils a stunning new entry to Kaua‘i’s real estate slate.
NOVEMBER MARKET MINUTE
SHOUTOUT TO LOCAL BUSINESS
Aloha Spice Company, nestled in Hanapēpē, Kaua‘i, offers a selection of handcrafted spice blends, rubs, and sea salts made with organic, local ingredients. Their creations enhance home cooking and support sustainable farming on the island. Visit their flagship store in Hanapēpē for a taste of Kaua‘i's culinary heritage and unique local products.
(Visit Aloha Spice Company HERE)
SIROIS KAUA'I SUPPORTS COMMUNITY
Limahuli Garden and Preserve, located on Kaua‘i's north shore, is a bastion of native Hawaiian ecology and culture. It's a living museum showcasing native plants and historic taro terraces, illustrating the bond between the land and its people. As a part of the National Tropical Botanical Garden, it protects vital species, provides education, and perpetuates the knowledge of traditional Hawaiian land management. Sirois Kaua‘i honors the dedicated stewards of Limahuli who safeguard these historical treasures.
(Visit the Limahuli Garden and Preserve HERE)