HI HR23

Requests the Auditor to conduct a sunrise analysis of condominium association managers as proposed by H.B. No. 1312, Regular Session of 2025, which would establish a regulatory framework requiring certification of condominium association managers by the Real Estate Commission.

Auditor must submit findings, recommendations, and any proposed legislation to the Legislature no later than twenty days prior to the convening of the Regular Session of 2026.

Notes that as of 2021, Hawaii had approximately 1,826 condominium associations representing 173,036 units serving about 360,000 people.

Identifies concerns that condominium association managers currently have no requirement to possess knowledge of condominium association laws and rules, and reports of managers stifling board members' ability to assist in property management and address resident concerns.

Current law requires condominium managing agents to be licensed real estate brokers or authorized trust companies and maintain fidelity bonds of $20,000 to $500,000 based on units managed.