HI HB2559

Licensed real estate brokers and salespersons must provide written disclosure to sellers when marketing residential property through private listings, off-market listings, or any listing not made available to the general public

The required disclosure must state that the property is being offered as a private listing and may not be made available to all prospective buyers or brokers

Failure to provide the mandatory written disclosure is added as grounds for disciplinary action under Hawaii Revised Statutes Chapter 467, which can result in license revocation, suspension, or fines

The bill amends Chapter 467 of Hawaii Revised Statutes by adding a new section on disclosure requirements and adding violation of this requirement to the existing list of 22 disciplinary grounds

Effective date is set for July 1, 3000 (placeholder date)