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HI HB1524
Bill
Status
1/25/2017
Primary Sponsor
Angus McKelvey
Click for details
AI Summary
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Amends Hawaii Revised Statutes Section 467-1.6(b) to add two new responsibilities for principal brokers in real estate brokerage firms.
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Requires principal brokers to ensure associated real estate licensees providing property management services to community associations (including condominiums, cooperative housing corporations, planned communities, and time share projects) are responsive to owner requests for association finances, documents, records, and information.
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Mandates that principal brokers ensure any request from the Real Estate Commission to distribute commission-generated information or documents to an association, board of directors, or unit owners is completed within ten days of receiving the request.
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Addresses issues with condominium and time share owners experiencing delays in receiving association-related documents by establishing clear accountability for property management licensees.
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Takes effect on July 1, 2099.
Legislative Description
Relating To Real Estate.
Common Interest Communities
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017