HI HB252

Requires managing agents for residential condominium properties exceeding 75 feet in height to have commercial property management experience

Amends Section 514B-132, Hawaii Revised Statutes, adding a new qualification requirement (paragraph 7) for managing agents serving high-rise residential condominiums

Maintains existing requirements for managing agents including real estate broker licensure, biennial registration with the commission, and fidelity bond obligations

Fidelity bond requirements remain at $500 per unit managed, with minimum of $20,000 and maximum of $500,000

Effective date of July 1, 3000 (placeholder date indicating further legislative action needed)