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HI SB801

Bill

Status

Engrossed

3/4/2025

Primary Sponsor

Carol Fukunaga

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Requires managing agents for residential condominium properties with more than 100 units in counties with populations greater than 500,000 to be certified community association managers with credentials from a nationwide industry trade group.

  • Establishes that "community association manager" means an individual possessing a manager credential issued by a recognized nationwide community association management industry trade group.

  • Applies requirement only to properties meeting both criteria: more than 100 units AND located in a county with population exceeding 500,000.

  • Addresses legislative concerns that volunteer board members lack expertise comparable to professional management companies and that current requirements (licensed real estate brokers only) are inadequate to protect associations from incompetence and fraud.

  • Takes effect July 1, 3000 (note: date appears to be a drafting error).

Legislative Description

Relating To Managing Agents.

Condominiums

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; Representative(s) Garcia voting no (1) and Representative(s) Cochran, Ward excused (2).

3/18/2025

Committee Referrals

Consumer Protection & Commerce3/18/2025
Housing3/6/2025
Commerce and Consumer Protection1/23/2025

Full Bill Text

No bill text available