Ace the Hawaii Pre-Licensing Exam 2025 – Surf Your Way to Real Estate Success!

The principal purpose of a broker when managing a property is to serve the interest of the property owner. This involves representing the owner's best interests in all aspects of property management, including financial performance, tenant relations, and compliance with applicable laws. By prioritizing the owner's objectives, a broker works to enhance the property's value, optimize returns, and make informed decisions that align with the owner's goals.

While maximizing tenant occupancy, lowering property expenses, and ensuring compliance are important aspects of property management, these activities are ultimately geared towards achieving the broader goal of serving the property owner's interests. For instance, increasing tenant occupancy can lead to higher revenue for the owner, but it must be managed in a way that also aligns with the owner's long-term strategy. Similarly, cost management and regulatory compliance are critical but are considered tools to fulfill the broker's primary responsibility to protect and promote the property owner's investment.