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HI SB395

Bill

Official Source

Status

Introduced

1/20/2017

Primary Sponsor

Rosalyn Baker

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Permits licensed real estate brokers to pay commissions to a corporation or partnership under specified conditions.

  • Requires that the broker earned the commission on behalf of the corporation or partnership to be eligible for this arrangement.

  • Requires that the broker be a member, officer, shareholder, or partner of the corporation or partnership receiving the commission.

  • Amends Hawaii Revised Statutes Section 467-14 to add this exception to rules prohibiting compensation to unlicensed entities.

  • Takes effect upon approval.

Legislative Description

Relating To Real Estate Brokers.

Real Estate Brokers

Last Action

The committee on CPH deferred the measure.

2/28/2017

Committee Referrals

Commerce, Consumer Protection, and Health1/23/2017

Full Bill Text

No bill text available