HI HB693

Requires real estate appraisers acting as arbitrators to record all arbitration awards, award records, and any supplementary, dissenting, or explanatory opinions with the bureau of conveyances within 90 days of the award determination and party notification.

Addresses lack of transparency in implementation of Act 227 (2011) by making arbitration award data publicly accessible rather than confidential.

Aims to improve the leasehold property market by providing public access to industrial and commercial ground lease valuation data currently withheld from public use.

Applies to appraisers certified or licensed under Hawaii's real estate appraiser regulations when they serve as arbitrators determining fair market value or rent.

Takes effect upon approval.