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HI HB51

Bill

Official Source

Status

Introduced

1/19/2017

Primary Sponsor

Angus McKelvey

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Permits a licensed real estate broker to pay commissions to a corporation or partnership, provided the broker earned the commission on behalf of that entity and is a member, officer, shareholder, or partner of it.

  • Adds a new exception (subsection D) to Hawaii Revised Statutes section 467-14(14), which previously prohibited real estate brokers from splitting fees with unlicensed persons.

  • Allows brokers to direct commissions to business entities that handle associated expenses such as rent and salaries.

  • Takes effect on July 1, 2099.

Legislative Description

Relating To Real Estate Brokers.

Real Estate Brokers

Last Action

The committee(s) on CPC recommend(s) that the measure be deferred.

2/28/2017

Committee Referrals

Consumer Protection & Commerce2/17/2017
Intrastate Commerce1/23/2017

Full Bill Text

No bill text available